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Montana Mandates Investment Company Filings at the Class Level

By Jim Hamilton

Investment company and similar issuers must, starting January 1, 2011, register or notice file their securities in Montana at the class rather than at the previously-required portfolio level. Beginning January 1, 2011, new and renewing issuers must submit a new application for each class previously incorporated in a portfolio filing of multiple classes. NOTES: (1) Notification of registration of each class included in a prospectus containing more than one class is required by the Montana Securities Department unless the issuer undertakes to ?sticker? the prospectus indicating the classes not available to Montana investors; and (2) Issuers are encouraged to file their Consent to Service of Process with the Department at the trust level.

For more information please see http://sao.mt.gov/securities/index.asp

Full post as published by Jim Hamilton's World of Securities Regulation on October 20, 2010 (boomark / email).