Section 710 IAC 2-3-3 - Material informationAuthority: IC 23-2-4-24
Affected: IC 23-2-4-4
Sec. 3.
(a) An initial disclosure statement shall contain all material information not expressly required, that is necessary, under the circumstances, to make the statements made not misleading.(b) An initial disclosure statement shall be amended at any time if necessary to prevent the statement from containing any material misstatement of fact or omission of a material fact.(c) The provider may file a sworn petition requesting that the commissioner rule as to the materiality of any information. The commissioner's ruling shall be based solely on the representations contained in such petition and shall be valid and effective only to the extent that such representations are true and complete.(d) If the commissioner rules that information is material, such information shall be included in the initial disclosure statement. If the commissioner rules that the information is not material, the initial disclosure statement shall not be deemed in violation of 710 IAC 2-3 by virtue of the omission of such information. Securities Division; 710 IAC 2-3-3; filed Jan 30, 1985, 9:33 am: 8 IR 611; readopted filed May 31, 2002, 11:34 p.m.: 25 IR 3462; readopted filed Dec 2, 2008, 9:01 a.m.: 20081224-IR-710080819RFAReadopted filed 9/23/2015, 2:54 p.m.: 20151021-IR-710150280RFAReadopted filed 9/27/2021, 11:04 a.m.: 20211027-IR-710210374RFA