N.M. Code R. § 12.11.9.16

Current through Register Vol. 35, No. 11, June 11, 2024

Section 12.11.9.16 - UNEQUAL VOTING RIGHTS

The offer and sale of securities that have less-than-equal voting rights may be deemed to be inconsistent with public investor protection and against public policy by the director unless:

A. the securities are given preferential treatment as to dividends and liquidation or the less than equal voting rights are justified to the satisfaction of the director; and

B. the terms of the voting rights are prominently disclosed on the cover page of the issuer's offering circular or prospectus.

N.M. Code R. § 12.11.9.16

12.11.9.16 NMAC - Rp, 12 NMAC 11.4.8.9, 1-1-2010