NDAC 45-03-05-17
Disclaimers and termination of registration
Cite as N.D. Admin. Code ยง 45-03-05-17
1.
A disclaimer of affiliation or a request for termination of registration claiming that a person
does not, or will not upon the taking of some proposed action, control another person
(hereinafter referred to as the subject) shall contain the following information:
a.
The number of authorized, issued and outstanding voting securities of the subject.
b.
With respect to the person whose control is denied and all affiliates of that person, the
number and percentage of shares of the subject's voting securities which are held of
record or known to be beneficially owned, and the number of the shares concerning
which there is a right to acquire, directly or indirectly.
c.
All material relationships and bases for affiliation between the subject and the person
whose control is denied and all affiliates of that person.
d.
A statement explaining why that person should not be considered to control the subject.
2.
A request for termination of registration shall be deemed to have been granted unless the
commissioner, within thirty days after the commissioner receives the request, notifies the
registrant otherwise.