Sec. RRR-1. 32 MRSA §10405, sub-§2, as amended by PL 2003, c. 201, §17, is further amended to read:
2. Fees. A person filing a registration statement must pay a filing fee of $500 $1,000 for each security offered, except that for a registration statement filed under section 10404 for an offering for which the total amount raised in state and out of state does not exceed $1,000,000, the filing fee is $300 for each security offered. When a registration statement is withdrawn before the effective date or abandoned pursuant to section 10406, subsection 5 or a preeffective stop order is entered under section 10406, the administrator retains the fee.
Sec. RRR-2. 32 MRSA §10505, sub-§1, ¶¶A and B, as enacted by PL 1997, c. 168, §28, are amended to read:
A. Prior to the initial offer of a federal covered security in this State in reliance on Section 18(b)(2) of the United States Securities Act of 1933, a person authorized to register the security under the United States Securities Act of 1933 shall file with the administrator a notice, upon a form prescribed by the administrator, and the consent to service of process required by section 10704, signed by the issuer of the security, and pay a filing fee of $500 $1,000. A notice filing under this subsection automatically becomes effective when the administrator receives the documents and fee required by this subsection, unless the administrator receives a request to delay effectiveness, and will expire one year from its effective date.
B. To maintain a currently effective notice filing under this subsection, a person authorized to register the security under the United States Securities Act of 1933 shall file with the administrator, no later than the expiration date of the currently effective notice filing, a notice, upon a form prescribed by the administrator, and pay a filing fee of $500 $1,000.
Sec. RRR-3. Effective date. This Part takes effect August 1, 2004.
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