Report Title:
Securities; Notice Filing of SEC Form D; Fee Reduction
Description:
Reduces fee for notice filing of SEC Form D for private placement of securities by issuers. (SD1)
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
99 |
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TWENTY-THIRD LEGISLATURE, 2005 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO business.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 485-4.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) The commissioner, by rule or otherwise, may require the issuer of any security, that is a federal covered security under section 18(b)(4)(D) of the Securities Act of 1933, to file a notice no later than fifteen days after the first sale in this State of a federal covered security on Securities and Exchange Commission Form D or comparable form, together with a consent to service of process and a [$200] $100 filing fee."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2010.