Expertized

Definition:

Refers to information in an offering document prepared by an Expert (e.g., the audited Financial Statement(s) that are prepared by the auditors; mineral reserves and resources reports that are prepared by qualified mining experts). The Expertizing of a section of an offering document protects directors, underwriters, and others from liability for misstatements in that section unless they had reasonable grounds to believe the statement to be false, under Section 11.

See also Section 11.

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