SB 317 - Stouffer, Bill
Exempts securities issued by agricultural cooperative corporations from state security registration requirements
Bill Details
Sponsor
LR Number
1590S.01I
Title
SB 317
House Handler
N/A
Journal Page
Effective Date
August 28, 2011
Current Status
Second Read and Referred S Financial and Governmental Organizations and Elections Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 317 - This act exempts securities issued by agricultural cooperative corporations from security registration requirements, provided that the Commissioner of Securities is notified within 30 days of the sale of the securities. The notification must include the prospectus or other sales literature to be used and financial statements. The act defines what is considered to be an agricultural cooperative corporation for purposes of the exemption.
ERIKA JAQUES