Section 0780-04-02-.14 - NOTICE FILINGS FOR SECURITIES SOLD TO ACCREDITED INVESTORS(1) All issuers who wish to offer securities in or into this state in reliance on the exemption afforded to sales of securities to accredited investors, as set forth in T.C.A. § 48-1-103(b)(14), must file with the commissioner no later than fifteen (15) days after the first sale: (a) One (1) copy of the form entitled "Notice of Sale of Securities Pursuant to Accredited Investor Exemption", as provided by the Division;(b) A Form U-2 Uniform Consent to Service of Process;(c) One (1) copy of the general announcement, if one is made regarding the proposed offering;(d) A non-refundable filing fee in the amount of five hundred dollars ($500); and(e) A statement noting the date of the first sale, if any, of such security in this state.Tenn. Comp. R. & Regs. 0780-04-02-.14
Original rule filed May 15, 2002; effective July 29, 2002. Repeal and new rule filed March 16, 2015; effective 6/14/2015.Authority: T.C.A. §§ 48-1-103(b)(14), 48-1-115, 48-1-116, 48-1-124, and Public Acts of 2001, Chapter 278.