Section 3.08.640. Registration and reporting for small corporate offerings.

	(a)  The issuer shall pay a registration and filing fee as provided in 3 AAC 08.920(a)(5) for the registration of the offering under NASAA Form U-7.  
	(b)  An issuer may register up to five salespersons as agents of the issuer who are exempt from the examination requirement of 3 AAC 08.011(h)(2). To register an agent, the issuer must file an application for registration in accordance with 3 AAC 08.011(h)(1) and pay a fee in accordance with 3 AAC 08.015(a)(1)(B). A salesperson may not be registered to more than one issuer at a time without compliance with the dual registration provisions of 3 AAC 08.010(e) - (f).  
	(c)  For three years after the close of the offering, the issuer shall maintain and keep open for inspection by the administrator all  
		(1) offering materials;  
		(2) records relating to purchasers; and  
		(3) records relating to securities sales following the close of the offering that are considered as part of the offering.   

Authorities

45.55.110;45.55.915;45.55.950

Notes

Reference

3 AAC 08.650

Authority

AS 45.55.110 AS 45.55.915 AS 45.55.950

History

Eff. 9/18/91, Register 119; am 10/1/99, Register 151; am 4/19/2000, Register 154