N.M. Admin. Code § 12.11.10.10
Current through Register Vol. 35, No. 21, November 5, 2024
Section 12.11.10.10 - REGISTRATIONA. A corporation issuing securities that are exempt from registration with the SEC under Rule 504 of Regulation D of the Securities Act of 1933 shall use registration form U-7, small company offering registration form, when registering such securities in this state.B. Use of SCOR is available to any offering of securities by a company relying upon an exemption from registration pursuant to Regulation A or Rule 504 of Regulation D of the Securities Act of 1933. The aggregate offering under Regulation A, within and outside this state, shall not exceed $5,000,000. The aggregate offering under Rule 504, within and outside this state, shall not exceed $1,000,000, less the aggregate offering price of all securities sold within the previous twelve months in reliance on Rule 504.C. Any reference in this rule to form U-7 means the small company offering registration form (form U-7) as adopted by NASAA, on April 29, 1989, as amended, which is incorporated herein by reference. Copies of form U-7 are available from the division and from NASAA.D. Securities issued under this Part 10 shall be registered by qualification under Section 58-13B-23.N.M. Admin. Code § 12.11.10.10
12.11.10.10 NMAC - Rp, 12 NMAC 11.4.6.3, 1-1-2010