at what point will the rule 147 s holding period expire

A Connecticut corporation plans to offer stock to Connecticut residents. In lieu of paying cash, investors may elect to purchase their stock on an installment plan calling for 36 easy monthly payments. At what point will the Rule 147’s holding period expire? See Opportunity Inv. Assocs., SECNo Action Letter(June 14, 1978). What if before this point one of the purchasers moves to another state? What can be done to ensure the holding period expires at the earliest possible date? See Diplomat, Ltd., SEC No Action Letter (Jan. 13, 1984).

 

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