002-7 Wyo. Code R. § 7-3

Current through April 27, 2019

Section 7-3 - Small Corporate Offering Registration (SCOR)

(a) The Secretary of State incorporates by reference the NASAA Statement of Policy Regarding Small Corporate Offering Registrations (SCOR), as adopted by NASAA on April 28, 1996 and available at www.nasaa.org. Securities may only be registered under Section 3 if they meet the requirements set forth in this Policy and are not disqualified by the Policy.

(b) Every issuer, when filing pursuant to this Section 3, shall file with the Secretary of State the following:

• (i) a fully executed Uniform Application to Register Securities, Form U-1.

• (ii) a filing fee as required by W.S. § 17-4-305(b).

• (iii) a properly completed Form U-2, Consent to Service of Process, appointing the Secretary of State as the issuer's agent in the State of Wyoming for service of process;

• (iv) a properly completed Form U-2a, Corporate Resolution, authorizing a corporate officer to perform the acts necessary to effect issuance of securities by the corporation;

• (v) a Form U-7 or format prescribed by Regulation A completed pursuant to the applicable instructions.

(c) The information contained in the completed Form U-7 is the offering document information for a security registered pursuant to Section 3 and must be delivered to each purchaser for the purposes of complying with the requirement of W.S. § 17-4-304(d).

(d) An offering filed pursuant to Section 3 may be reviewed by the Secretary of State in coordination with one or more securities administrators in other states where the issuer has filed a coordinated review.

002-7 Wyo. Code R. § 7-3

Amended, Eff. 10/27/2017.