2017 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-3325 Notice filings by closed-end companies

Universal Citation: AZ Rev Stat § 44-3325 (2017)

44-3325. Notice filings by closed-end companies

A. Securities that are issued by a closed-end company may be offered for sale and sold in this state if the commission receives all of the following from the closed-end company:

1. The documents that are filed with the SEC and that are required by the commission.

2. A consent to service of process.

3. A notice filing fee calculated pursuant to this section.

B. A notice filing is effective and renewable on the filing date with the commission or the effective date with the SEC, whichever occurs last, and the notice filing is effective for one year from that date.

C. A closed-end company shall include with the company's notice filing a notice filing fee of one-tenth of one percent of the aggregate offering price of securities sold in this state, but the fee shall not be less than two hundred dollars and not more than two thousand dollars. The amount by which a notice filing fee exceeds one thousand five hundred dollars shall be allocated to the office of economic opportunity operations fund established by section 41-5302.

D. A closed-end company shall file a report of all sales of securities to persons in this state during the period of the notice filing. The closed-end company shall file the report with the commission within sixty days after the termination date of the offering within this state or the expiration date of the notice filing, whichever occurs first. A closed-end company that fails to timely file a report of sales shall pay a late filing fee of two hundred dollars.

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