159.34 - ASSISTANCE SERVICES -- FILING DOCUMENTS.

        159.34  ASSISTANCE SERVICES -- FILING DOCUMENTS.
         1.  A contract executed under this subchapter may require that a
      depositary provide for the receipt, acceptance, and storage of filing
      documents that are sent in an electronic format to the depositary by
      persons who would otherwise be required to submit filing documents to
      the department under other provisions of this title.  The contract
      shall be governed under the same provisions as provided in section
      8A.106.
         2. a.  A depositary must send filing documents that it
      receives to the department for processing, including for the approval
      or disapproval of an application or the acknowledgment of a
      registration.  The receipt of the filing document by the depositary
      shall be deemed receipt of the filing document but not an approval of
      an application or acknowledgment of a registration by the department.

         b.  A depositary may send a person notice of the department's
      approval or disapproval of an application or acknowledgment of a
      registration.  The department and not a depositary shall be
      considered the lawful custodian of the department's filing documents
      which shall be public records as provided in chapter 22.
         3.  A filing document that is transmitted electronically to a
      depositary or from a depositary to another person is an electronic
      record for purposes of chapter 554D.  An application or registration
      required to be signed must be authenticated by an electronic
      signature as provided by the department in conformance with chapter
      554D.  
         Section History: Recent Form
         2003 Acts, ch 48, §4; 2004 Acts, ch 1101, §25