HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 6.10.306 Prev     Up     Next    
Rule Title: TRANSACTIONAL EXEMPTIONS FOR COOPERATIVE ASSOCIATIONS
Add to My Favorites
Add to Favorites
Department: STATE AUDITOR
Chapter: SECURITIES DEPARTMENT
Subchapter: Exemptions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

6.10.306    TRANSACTIONAL EXEMPTIONS FOR COOPERATIVE ASSOCIATIONS

(1) A cooperative association organized under another state's laws that are substantially the same as the provisions of Title 35, chapter 15, MCA, is entitled to a transactional exemption from the registration requirements of the Securities Act of Montana, provided that the association has furnished the commissioner with a general written description of the security to be offered or sold in Montana. For the purposes of 33-10-105, MCA, the commissioner has determined that the following states' laws authorizing the organization of the corresponding types of cooperative organizations are substantially the same as the provisions of Title 35, chapter 15, MCA:

(a)

Alabama  Incorporated Marketing Associations

(b)

Alaska Cooperative Corporations

(c)

Arkansas Agricultural Cooperative Associations
Marketing Associations

(d)

California Non-profit Cooperative Associations

(e)

Colorado Cooperative Associations
Cooperative Marketing Associations

(f)

Connecticut Cooperative Marketing Associations

(g)

Florida Agricultural Cooperative Marketing Associations

(h)

Georgia Cooperative Marketing Associations

(i)

Hawaii Agricultural Cooperative Associations

(j)

Idaho Cooperative Marketing Associations

(k)

Illinois Co-operative Corporations

(l)

Indiana Agricultural Cooperatives

(m)

Iowa Co-operative Associations

(n)

Kansas Cooperative Associations

(o)

Kentucky Cooperative Corporations

(p)

Louisiana Agricultural Co-operative Associations

(q)

Maine Cooperative Associations

(r)

Massachusetts Cooperative Agricultural, Dairy or
Mercantile Associations

(s)

Michigan Cooperative Associations

(t)

Minnesota Cooperatives

(u)

Mississippi Cooperative Marketing Associations
Aquatic Products Marketing Associations

(v)

Missouri Cooperative Marketing Associations
Commodity Associations

(w)

Nebraska Cooperative Companies

(x)

Nevada Cooperative Associations

(y)

New Jersey Agricultural Cooperatives

(z)

New Mexico Cooperative Associations

(aa)

New York Cooperative Corporations

(ab)

North Carolina Cooperative Associations

(ac)

North Dakota Cooperative Associations

(ad)

Oklahoma Cooperative Corporations
Agricultural Marketing Associations

(ae)

Oregon Cooperative Corporations

(af)

Ohio Cooperative Corporations

(ag)

Pennsylvania Cooperative Corporations

(ah)

Rhode Island Producers' Cooperatives

(ai)

South Carolina Cooperative Associations

(aj)

South Dakota Cooperatives

(ak)

Tennessee Cooperative Marketing Associations

(al)

Texas Cooperative Corporations

(am)

Utah Co-operative Associations

(an)

Vermont Cooperative Associations

(ao)

Virginia Cooperative Associations
Agricultural Cooperatives Associations

(ap)

Washington Cooperative Associations

(aq)

West Virginia Cooperative Associations

(ar)

Wisconsin Cooperative Associations
Agricultural Associations

(as)

Wyoming Cooperative Marketing Associations

(2) For the purposes of 30-10-105, MCA, a "general written description" must include:

(a) citation of the state law under which the cooperative is organized;

(b) the type of industry of business in which the cooperative is engaged;

(c) a general description of the offering, including type of security, price, restrictions, if any, on security ownership, and the number of shares to be issued;

(d) the purpose of the security offering; and

(e) a list of states in which the offering will be conducted.

 

History: 30-10-105, 30-10-107, MCA; IMP, 30-10-105, MCA; NEW, 1997 MAR p. 1990, Eff. 11/4/97; TRANS, from 6.10.134, 2008 MAR p. 2046, Eff. 9/26/08; AMD, 2020 MAR p. 1874, Eff. 10/24/20.


 

 
MAR Notices Effective From Effective To History Notes
6-250 10/24/2020 Current History: 30-10-105, 30-10-107, MCA; IMP, 30-10-105, MCA; NEW, 1997 MAR p. 1990, Eff. 11/4/97; TRANS, from 6.10.134, 2008 MAR p. 2046, Eff. 9/26/08; AMD, 2020 MAR p. 1874, Eff. 10/24/20.
6-180 9/26/2008 10/24/2020 History: 30-10-105, 30-10-107, MCA; IMP, 30-10-105, MCA; NEW, 1997 MAR p. 1990, Eff. 11/4/97; TRANS, from 6.10.134, 2008 MAR p. 2046, Eff. 9/26/08.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security