SEC. 75-71-421. Reports may be required while registration statement is effective; filing fee.

So long as a registration statement is effective, the Secretary of State may by rule or order require the person who filed the registration statement to file reports, not more often than quarterly, to keep reasonably current the information contained in the registration statement and to disclose the progress of the offering. The Secretary of State may by rule assess a fee not to exceed Fifty Dollars ($50.00) to be paid when the required report is filed.

SOURCES: Laws, 1981, ch. 521, Sec. 304; 1990, ch. 352, Sec. 15, eff from and after passage (approved March 12, 1990).

1997 Amendment:

SECTION 15. Section 75-71-421, Mississippi Code of 1972, is amended as follows:

 75-71-421. So long as a registration statement is effective or an offering of federal covered securities pursuant to Section 75-71-408(a) continues, the Secretary of State may by rule or order require the person who filed the registration statement or notice, as the case may be, to file reports, not more often than quarterly, to keep reasonably current the information contained in the registration statement or notice, as the case may be, and to disclose the progress of the offering. The Secretary of State may by rule assess a fee not to exceed Fifty Dollars ($50.00) to be paid when the required report is filed.

SOURCE: 1997 Laws, Chapter 480, Sec. 15, HB1124, Effective AP-March 27, 1997.