Nebraska Administrative Code
Topic - BANKING AND FINANCE, DEPARTMENT OF
Title 48 - DEPARTMENT OF BANKING AND FINANCE
Chapter 16 - INFORMATION REQUIREMENTS FOR THE SECTION 8-1111(15) COOPERATIVE AND LIMITED COOPERATIVE ASSOCIATION EXEMPTION
Section 48-16-003 - CONTENTS OF NOTICE
Current through March 20, 2024
The notice shall contain the following information:
003.01 The name and address of the cooperative or limited cooperative association;
003.02 The date of incorporation and the statute under which the cooperative or limited cooperative association was organized;
003.03 The amount of its authorized capital stock;
003.04 The type of security being issued: identify whether it is a certificate of participation or interest, a certificate of indebtedness, common stock, preferred stock, or other;
003.05 The total amount of the securities to be sold by the issuer in Nebraska;
003.06 An indication as to whom sales will be made: present members, patrons, or the general public;
003.07 A brief description of the methods by which the securities will be sold;
003.08 The names and addresses of the persons who will be selling the securities and their relationship to the cooperative or limited cooperative association;
003.09 A complete copy of the financial statements for the past two years;
003.10 A brief description of the intended use of the proceeds;
003.11 The interest rate to be paid, if the offering involves debt securities; and
003.12 A copy of the disclosure document to be provided to prospective investors, if the cooperative or limited cooperative association does not have a past history of offering securities.