General Provisions

PURPOSE: This rule prescribes general policies, and the meaning of terms under the Act and under Chapter 52 of the regulations. (1) Securities may be registered by coordination or qualification. (2) The reference to a registration statement being on file for twenty (20) days with the commissioner under section 409.3-303(c), RSMo shall mean twenty (20) business days. The term “business days” would exclude weekends and holidays. (3) For purposes of these rules contained in Chapter 52, an issuer in the promotional or development stage shall have the same meaning as the term “promotional or development stage company” that is defined in the North American Securities Administrators Association, Inc. (NASAA) Statement of Policy Regarding Corporate Securities Definitions. AUTHORITY: sections 409.3-303, 409.3-304 and 409.6-605, RSMo Supp. 2003.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Amended: Filed Dec. 19, 1975, effective Dec. 31, 1975. Amended: Filed Aug. 11, 1978, effective Feb. 11, 1979. Emergency amendment filed Aug. 1, 1980, effective Aug. 13, 1980, expired Dec. 11, 1980. Amended: Filed Aug. 13, 1980, effective Dec. 11, 1980. Amended: Filed Oct. 16, 1986, effective Feb. 12, 1987. Amended: Filed March 27, 1989, effective June 12, 1989. Amended: Filed Dec. 24, 1991, effective May 14, 1992. Amended: Filed Feb. 2, 1996, effective July 30, 1996. Rescinded and readopted: Filed Aug. 30, 2002, effective Feb. 28, 2003. Emergency amendment filed Aug. 19, 2003, effective Sept. 12, 2003, expired March 9, 2004. Amended: Filed Aug. 22, 2003, effective Feb. 29, 2004. *Original authority: 409.3-303, RSMo 2003; 409.3-304, RSMo 2003; 409.6-605, RSMo 2003.