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ID S1006
Bill
Status
Passed
3/29/2019
Primary Sponsor
Commerce and Human Resources Committee
Click for details
AI Summary
- Amends Idaho Code Section 30-14-302 regarding notice filings for federal covered securities not otherwise exempt under state law
- Requires filing of federal registration statements and consent to service of process before initial offer, with fees of $300 for mutual funds and $100 for unit investment trusts
- Requires each series or portfolio of an investment company to make separate notice filings, but separate filings for different classes within a series are not required if classes distinguish payment plans only
- Notice filings are effective for one year and may be renewed by filing updated SEC records and paying renewal fees of $300 for mutual funds and $100 for unit investment trusts
- Establishes a $50 filing fee for securities that are federal covered securities under specific provisions, and allows the administrator to issue stop orders for non-compliance with notice or fee requirements
Legislative Description
Amends existing law to revise the requirements for notice filings for certain federal covered securities.
UNIFORM SECURITIES ACT
Last Action
Session Law Chapter 260 Effective: 07/01/2019
3/29/2019
Committee Referrals
Business2/22/2019
Commerce and Human Resources1/21/2019
Judiciary and Rules1/18/2019
Full Bill Text
No bill text available