Nev. Admin. Code § 90.Sec. 31 - NEW
1.
An investor or prospective investor who declines to participate in an
electronic initiative for offering documents and subscription agreements
pursuant to sections 29 and 30, respectively, is not subject to any higher
costs for declining to participate in the initiative, except those relating to
the actual direct cost of printing, mailing, processing and storing offering
documents and subscription agreements. A discount must not be given for
participating in the electronic initiative.
2. An entity participating in an electronic
initiative described in subsection 1 shall maintain, and shall require
participating underwriters, dealer-managers, placement agents, broker-dealers
or other selling agents to maintain, written policies and procedures covering
the use of electronic offering documents and subscription agreements in
accordance with this section and sections 29 and 30, respectively.
3. An entity and its contractors and agents
having custody and possession of any electronic offering documents, including,
without limitation, electronic subscription agreements, shall store such
documents in a non-rewritable and non-erasable format.
4. This section does not change or waive any
other requirement of law concerning the registration or presale disclosure of a
securities offering.
Notes
NRS 90.390, 90.750
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