ND SB2283

Creates a new "registration by coordination" process for securities that have federal registration statements filed under the Securities Act of 1933, allowing issuers or registered broker-dealers to apply for state registration.

Requires applicants to submit a copy of the federal prospectus, articles of incorporation and bylaws, underwriter agreements, security instruments, an initial filing fee, and an undertaking to forward federal prospectus amendments to the state commissioner.

State registration becomes effective simultaneously with or after federal registration once a 20-day filing period is met and no stop orders or proceedings are pending, with registrants required to notify the commissioner of federal effectiveness and price amendments.

Registration is valid for one year with a $150 renewal fee for each additional one-year period.

Passed by the Senate 47-0 and the House 90-4.