New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 11 - SECURITIES
Part 10 - SMALL COMPANY OFFERING REGISTRATION (SCOR)
Section 12.11.10.17 - OTHER REQUIREMENTS

Universal Citation: 12 NM Admin Code 12.11.10.17

Current through Register Vol. 35, No. 18, September 24, 2024

The following standards apply to registration of SCOR equity securities:

A. 12.11.9.9 NMAC, Impoundment of Proceeds; if the proposed business of the company requires a minimum amount of proceeds to commence or continue the business in the manner proposed, the company shall establish an escrow provided that the escrow agent shall be a bank, savings and loan association, or other similar depository institution, or an independent escrow agent approved by the director in accordance with Subsection H of 58-13B-24;

B. 12.11.9.10 NMAC, Loans and Other Material Affiliated Transactions;

C. 12.11.9.11 NMAC, Options and Warrants;

D. 12.11.9.12 NMAC, Promoter's Equity Investment, provided that the amounts set forth therein may be reduced at the discretion of the director for good cause shown;

E. 12.11.9.13 NMAC, Promotional Shares;

F. 12.11.9.15 NMAC, Underwriting Expenses, Underwriter's Warrants, Selling Expenses and Selling Security Holders; and

G. 12.11.9.19 NMAC, Debt Securities.

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