Tenn. Comp. R. & Regs. 0780-04-02-.13 - NOTICE FILINGS FOR EXEMPT EMPLOYEE PLANS

All issuers who wish to offer to sell any securities from, in, or into this state in reliance on the exemption afforded to written employee compensatory benefit plans under T.C.A. § 48-1-103(b)(9)(A)(iii) must file with the commissioner no later than fifteen (15) days after the first sale, as defined under T.C.A. § 48-1-102(19)(A), from, in, or into Tennessee:

(1) A completed and properly executed Form IN-1461, "Notice of Sale of Securities Pursuant to Employee Purchase/Option Plan Exemption", as provided by the Division;

(2) A completed and properly executed consent to service of process on Form U-2, or in such other format acceptable to the Division, as provided under T.C.A. § 48-1-124(e);

(3) A completed and properly executed Form U-2A, if applicable;

(4) The filing fee as provided under T.C.A. § 48-1-103(b)(9)(A)(iii)(c); and

(5) A statement specifying the date of the first sale, if any, of such securities from, in, or into this state.

Notes

Tenn. Comp. R. & Regs. 0780-04-02-.13

Original rule filed May 15, 2002; effective July 29, 2002. Repeal and new rule filed March 16, 2015; effective June 14, 2015. Amendments filed November 30, 2017; effective 2/28/2018.

Authority: T.C.A. §§ 48-1-103(b)(9), 48-1-115, 48-1-116, 48-1-124, and Public Acts of 2001, Chapter 278.