New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 11 - SECURITIES
Part 10 - SMALL COMPANY OFFERING REGISTRATION (SCOR)
Section 12.11.10.9 - INELIGIBLE ISSUERS
Current through Register Vol. 35, No. 18, September 24, 2024
The following issuers are ineligible to use SCOR:
A. investment companies subject to the Investment Company Act of 1940;
B. companies subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934;
C. companies engaged in or which propose to engage in petroleum exploration and production, mining, or other extractive industries;
D. development stage companies that either have no specific business plan or purpose or have indicated that their business plan is to engage in a merger or acquisition with an identified company or companies or other entity or person;
E. holding companies or companies whose principal purpose is owning stock in, or supervising the management of, other companies; and
F. issuers disqualified under 12.11.10.21 NMAC.
