Kan. Admin. Regs. § 81-4-4 - Registration requirements for not-for-profit issuers
Before the offer or sale of any note, bond, debenture, or other evidence of indebtedness by a not-for-profit issuer specified in K.S.A. 17-12a201(7) and amendments thereto, the issuer shall register the security pursuant to K.S.A. 17-12a304 and amendments thereto, unless one of the following conditions is met:
(a) The
security or transaction is exempt under any provision of the Kansas uniform
securities act other than K.S.A. 17-12a201(7), and amendments
thereto.
(b) The issuer is excluded
from the definition of an investment company, and the security is issued in
exchange for assets contributed to a fund pursuant to section 3(c)(10)(B) of
the investment company act of 1940, 15 U.S.C. section 80a-3(c)(10)(B), as
adopted by reference in K.A.R. 81-2-1
Notes
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