Section 421-B:12 Registration by Notification.
I. The following securities may be registered by notification:
(a) Any industrial development or industrial revenue bond; and
(b) Any securities issued by a person or organization exclusively for social, religious, educational, benevolent, fraternal, charitable, reformatory, athletic, chamber of commerce, trade, industrial development, or professional association purposes and not for pecuniary gain, and no part of the net earnings of which inures to the benefit of any private stockholder or individual.
II. A registration statement under this section shall contain the consent to service of process required by RSA 421-B:30, VII and such additional information as the secretary of state by rule or otherwise requires.
III. If no stop order is in effect, no proceeding is pending under RSA 421-B:16 and no order has been issued, a registration statement under this section automatically becomes effective at 5 o'clock in the afternoon on the fifth full business day after the filing of the registration statement or the last amendment, or at such earlier time as the secretary of state by order determines, provided the price and terms of the offering have been filed with the secretary of state.
IV. The secretary of state may by order require that any security otherwise permitted to be registered under this section be registered by qualification under RSA 421-B:14 if he determines that registration by qualification is in the public interest and is necessary for the protection of investors.
Source. 1981, 214:1. 1987, 411:2. 1991, 355:89, II. 1992, 288:31, eff. July 1, 1992.