Rule 13-2-5.3 - Procedure For Complying With Miss. Code Ann. Section 75-76-213The reports required pursuant to Miss. Code Ann. § 75-76-213 shall consist of applications signed by the President and the Secretary of the corporate licensee on a form provided by the Executive Director. The information required on the form shall include, but not be limited to, the following information:
(a) The name, address and telephone number of the applicant.(b) If the report is being filed pursuant to Miss. Code Ann. § 75-76-213, the name, address, and telephone number of any person to whom a security is being issued or transferred, the current ownership of the corporation, and the future ownership of the corporation if the issuance or transfer of the securities is approved.(c) If the application is made pursuant to subsection 2 Miss. Code Ann. § 75-76-213, the name, address, telephone number, and capacity of the corporate officer or director. If the new officer or director is replacing a former officer or director, the name, address, telephone number and capacity of the former officer or director, and a statement regarding the reason for the change in officers or directors.(d) A complete and accurate application for licensing filed on behalf of the person to whom any security is being issued or transferred or any new officer or director of the corporation. The Executive Director shall investigate the person to whom the corporate licensee proposes to issue or transfer any security or the proposed new corporate officer or director and make a recommendation to the Commission with regard to the licensing of the proposed stockholder, officer or director. If the Commission licenses the proposed stockholder, officer or director, the issuance or transfer of the security or the change in corporate officers or directors is deemed approved. If the Commission denies such license or if the Executive Director permits withdrawal of the application upon the request of the applicant, then the transfer or issuance of the security or the change of officers or directors is disapproved. (Adopted: 09/25/1991.)Miss. Code Ann. § 75-76-213