Any transaction between the issuer, or other person on whose behalf the offering is made, and an underwriter, or among underwriters, is hereby exempted from the securities registration requirements of the Securities Act, §7.

Source Note: The provisions of this §139.8 adopted to be effective March 19, 1984, 9 TexReg 1440; amended to be effective October 4, 1984, 9 TexReg 4975.