La. Admin. Code tit. 10 § V-515
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-515 - Filing of Offering CircularsA. The offering circulars for the applicant's subscription offering and any additional offering to the general public shall be prepared in compliance with regulation of the FSLIC and any additional requirements imposed by the commissioner. Five copies of each such offering circular in preliminary form shall be filed with the commissioner, and no such offering circular shall be distributed to the applicant's members or to the general public in final form unless it has first been declared effective by the commissioner. In connection with an applicant's offering of its conversion stock, an applicant may employ the services of an investment banking or other firm to underwrite the public offering of the applicant's stock. The initial stockholders of a converted savings and loan association shall not be restricted to natural persons and residents of Louisiana.La. Admin. Code tit. 10, § V-515
Promulgated by the Department of Commerce, Office of Financial Institutions, LR 6:714 (December 1980).AUTHORITY NOTE: Promulgated in accordance with R.S. 6:948.