Administrative Rules of Montana
Department 6 - STATE AUDITOR
Chapter 6.12 - SECURITIES DEPARTMENT
Subchapter 6.12.12 - Living Trusts
Rule 6.12.1203 - LICENSURE
Universal Citation: MT Admin Rules 6.12.1203
Current through Register Vol. 24, December 20, 2024
(1) Each application for a license to offer and sell living trusts in this state must be made on Form LT-1, available from the state auditor.
(2)
(a) A license granted under
30-10-904, MCA, to an investment
advisor entitles an investment advisor representative affiliated with the
investment advisor and registered in this state to act under that license
pursuant to (b).
(b) An investment
advisor licensed under
30-10-904, MCA, shall provide the
state auditor with the names of each investment advisor representative who will
offer or sell living trusts in this state under that license by completing
Schedule A to Form LT-1, and paying the fees required by
30-10-904, MCA.
(3) Each applicant shall notify the state auditor of any change in the information in the applicant's application within 30 days after the change occurs by filing an amended Form LT-1 or Schedule A.
(4) A license issued between October 1, 1997, and December 31, 1997, is effective until December 31, 1998, unless the license is suspended or revoked.
Sec. 30-10-905, MCA; IMP, Sec. 30-10-904, MCA;
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