Section 3 AAC 08.810 - Notice filing requirements(a) In an offering conducted in reliance upon the crowdinvesting exemption in AS 45.55.175, the issuer shall file with the administrator, not later than 10 days before the use of a general solicitation or not later than 15 days after the first sale of a security, (1) a completed notice filing form as prescribed by the administrator; (2) the nonrefundable notice filing fee required by 3 AAC 08.920(a)(12); (3) a copy of all advertising and other materials directed to or to be supplied to prospective purchasers in the offering; (4) a copy of the offering document and disclosures to be provided to prospective purchasers; (5) a copy of the escrow agreement between the issuer and an escrow agent in which the offering proceeds will be deposited; and (6) a copy of any agreement between the issuer and a third-party website operator, if applicable.(b) A notice filing under this section is effective for one year from the date the administrator receives all the items required by (a) of this section. To renew a notice in which the same offering is continued, the issuer shall submit the items required by (a) of this section, as if the issuer were making an initial filing.(c) An issuer who has filed a notice filing under this section shall update any material change on the notice filing form and file it with the administrator not later than 30 days from the date of the change. (d) To claim an exemption under AS 45.55. 175, an issuer must have an active business license issued under AS 43.70.Eff. 11/26/2016, Register 220, January 2017Authority:AS 45.55.175
AS 45.55.950