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Rule Title: STATEMENTS FILED IN ELECTION CONTESTS--SOLICITOR'S STOCK INTERESTS
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Department: STATE AUDITOR
Chapter: INSURANCE DEPARTMENT
Subchapter: Proxies, Consents, and Authorizations-- Special Provisions Applicable to Election Contests
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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6.6.1408    STATEMENTS FILED IN ELECTION CONTESTS--SOLICITOR'S STOCK INTERESTS

Each statement filed by or on behalf of a participant other than an insurer, in a proxy solicitation in an election contest, shall state:

(1) The amount of each class of stock of the insurer which the solicitor owns beneficially, directly or indirectly;

(2) The amount of each class of stock of the insurer which the solicitor owns of record but not beneficially;

(3) With respect to the stock subject to subsections (1) and (2) of this rule, the amounts acquired within the past 2 years, the dates of acquisition, and the amounts acquired on each date;

(4) If any part of the purchase price or market value of any of the stated stock is represented by funds borrowed or otherwise obtained for the purpose of acquiring or holding the stock, the amount of the indebtedness as of the latest practicable date, and, if the funds were borrowed or obtained otherwise than pursuant to a margin account or bank loan in the regular course of business of a bank, broker, or dealer, the nature of the transaction and the names of the parties;

(5) Whether the solicitor is a party to any contracts, arrangements, or understandings with any person with respect to any stock of the insurer, including but not limited to joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profits, division of losses or profits, or the giving or withholding of proxies, and, if so, the names of the persons with whom such contracts, arrangements, or understandings exist and the details thereof;

(6) The amount of stock of the insurer owned beneficially, directly or indirectly, by each of the solicitor's associates and the name and address of each associate;

(7) The amount of each class of stock of any parent, subsidiary or affiliate of the insurer which the solicitor owns beneficially, directly or indirectly.

History: Sec. 33-3-447 MCA; IMP, Sec. 33-3-447 MCA; EMERG, NEW, Eff. 5/5/75.


 

 
MAR Notices Effective From Effective To History Notes
5/5/1975 Current History: Sec. 33-3-447 MCA; IMP, Sec. 33-3-447 MCA; EMERG, NEW, Eff. 5/5/75.
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