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| Rule: 6.10.203 | Prev Up Next | |
| Rule Title: PROMOTIONAL SECURITIES--REQUIRED WAIVERS | ||
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| Department: | STATE AUDITOR | |
| Chapter: | SECURITIES DEPARTMENT | |
| Subchapter: | Offerings | |
| Latest version of the adopted rule presented in Administrative Rules of Montana (ARM): | ||
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6.10.203 PROMOTIONAL SECURITIES--REQUIRED WAIVERS (1) Each promotional security must contain a provision waiving dividend rights and rights of participation, in the distribution of assets in the event of liquidation or dissolution, in favor of shareholders who paid cash or its equivalent for their securities that are not promotional securities. (2) A waiver remains in effect only while the security is in escrow. History: 30-10-107, MCA; IMP, 30-10-107, MCA; EMERG, NEW, Eff. 7/5/75; AMD, 1988 MAR p. 1803, Eff. 8/12/88; TRANS, from ARM 6.10.105, 2008 MAR p. 2046, Eff. 9/26/08. |
| MAR Notices | Effective From | Effective To | History Notes |
|---|---|---|---|
| 6-180 | 9/26/2008 | Current | History: 30-10-107, MCA; IMP, 30-10-107, MCA; EMERG, NEW, Eff. 7/5/75; AMD, 1988 MAR p. 1803, Eff. 8/12/88; TRANS, from ARM 6.10.105, 2008 MAR p. 2046, Eff. 9/26/08. |
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