Notice Filing / Blue Chip Exemption

Order Vacating Procedures For Implementation of Blue Chip Exemption (CASE NO. 95-1109) and Promulgating Procedures for Implementation of Notice Filing by Federal Covered Securities Order

In the Matter of The West Virginia Uniform Securities Act,
Chapter 32, Article 3, Section 304a.

ENTERED THIS 2nd DAY OF FEBRUARY 1997.
Amended July 1, 2003

 West Virginia Uniform Securities Act, Chapter 32, Article 3, Section 304a

§ 32-3-303 Registration of Securities by Coordination

Applicants must comply with the West Virginia Code §32-3-303.

• Application to Register Securities (Form U-1)
• Copy of Corporate Charter with Amendments
• Copy of by-laws with Amendments
• Resolution of the Board of Directors (Form U-2A)
• Notarized Consent to Service of Process (Form U-2)
• Underwriting Agreement
• Name of West Virginia Broker-Dealer handling this issue; or Agent of Issuer (Form U-4, Proof of Exams, $250 Fee)
• Registration Statement and Prospectus
• FEES: One twentieth of one percent (1%) of the maximum amount of securities offered in this State, with a minimum of $50.00. The fees are not cumulative. Note An application to register investment company shares is effective for only one class, one series, or one portfolio of shares.

Please make checks payable to the West Virginia State Auditor.

§ 32-3-304 Registration of Securities by Qualification

An application to register investment company shares is effective for only one class, one series, or one portfolio of shares. To process your application, information complying with the West Virginia Code §32-3-304, and Regulation 14.03 inclusive is required:

Applicants must comply with the West Virginia Code §32-3-304

• Application to Register Securities (U-1)
• Financial Statements
• Copy of Corporate Charter with Amendments
• Resolution of the Board of Directors (U-2A)
• Consent to Service of Process (U-2)
• Name of West Virginia Broker/Dealer Handling this issue; or Agent of Issuer (Form U4, Proof of Exams, $250.00 Fee)
• Registration Statement; Prospectus; Offering Memorandum; or OfferingCircular or (Form U-7)
• FEES: One twentieth of one percent (1%) of the maximum amount of securities offered in this State, with a minimum of $50.00.

Please make checks payable to the West Virginia State Auditor.

Mid-Atlantic Regional Review

MARR, a program tailored to smaller companies which are exempt under either SEC Regulation A or Rule 504 of SEC Regulation D, is available to companies seeking to raise capital in Delaware, Maryland, New Jersey, Pennsylvania, Virginia, and West Virginia (participating states) through a public offering of securities. It is designed to simplify registration by coordinating the uniform review and comment resolution process. Comments from each state are compiled into a single comment letter developed by the “lead state.”

Maryland serves as the program administrator. For more information, contact the Maryland Office of the Attorney General, Division of Securities.

Disclaimer

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