Indiana § 23-19-2-2.3 Internet web site operators

Indiana Statutes

§ 23-19-2-2.3 — Internet web site operators

Indiana § 23-19-2-2.3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 19INDIANA UNIFORM SECURITIES ACT

Ch. 2Exemptions From Registration of Securities

This text of Indiana § 23-19-2-2.3 (Internet web site operators) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-19-2-2.3 (2026).

Text

3.

(a)This section applies to an offering under section 2(27)(O) of this chapter that is made exclusively through one

(1)or more Internet web sites and each Internet web site.

(b)As required by section 2(27)(O)(ii) of this chapter, the Internet web site operator shall register with the division by filing a statement, accompanied by the filing fee established by the commissioner, that includes all the following:

(1)That the Internet web site operator is a business entity organized under the laws of Indiana and authorized to do business in Indiana.

(2)That the Internet web site is being used to offer and sell securities pursuant to the exemption under section 2(27) of this chapter.

(3)The identity and location of, and contact information for, the Internet web site operator.

(4)Except

Free access — add to your briefcase to read the full text and ask questions with AI

3. (a) This section applies to an offering under
section 2(27)(O) of this chapter that is made exclusively through one
(1) or more Internet web sites and each Internet web site.
(b) As required by section 2(27)(O)(ii) of this chapter, the Internet
web site operator shall register with the division by filing a statement,
accompanied by the filing fee established by the commissioner, that
includes all the following:
(1) That the Internet web site operator is a business entity
organized under the laws of Indiana and authorized to do business
in Indiana.
(2) That the Internet web site is being used to offer and sell
securities pursuant to the exemption under section 2(27) of this
chapter.
(3) The identity and location of, and contact information for, the
Internet web site operator.
(4) Except as provided in subsection (c), that the Internet web site
operator is registered as a broker-dealer under IC 23-19-4.
(c) The Internet web site operator is not required to register as a
broker-dealer if all the following apply with respect to the Internet web
site and its operator:
(1) It does not offer investment advice or recommendations.
(2) It does not solicit purchases, sales, or offers to buy the
securities offered or displayed on the Internet web site.
(3) It does not compensate employees, agents, or other persons for
the solicitation or based on the sale of securities displayed or
referenced on the Internet web site.
(4) It is not compensated based on the amount of securities sold,
and it does not hold, manage, possess, or otherwise handle
investor funds or securities.
(5) The fee it charges an issuer for an offering of securities on the
Internet web site is a fixed amount for each offering, a variable
amount based on the length of time that the securities are offered
on the Internet web site, or a combination of the fixed and
variable amounts.
(6) It does not identify, promote, or otherwise refer to any
individual security offered on the Internet web site in any
advertising for the Internet web site.
(7) It does not engage in any other activities that the division, by
rule, determines are prohibited of the Internet web site.
(8) Neither the Internet web site operator, nor any director,
executive officer, general partner, managing member, or other
person with management authority over the Internet web site
operator, has been subject to any conviction, order, judgment,
decree, or other action specified in Rule 506(d)(1) adopted under
the Securities Act of 1933 (17 CFR 230.506(d)(1)) that would
disqualify an issuer under Rule 506(d) adopted under the
Securities Act of 1933 (17 CFR 230.506(d)) from claiming an
exemption specified in Rule 506(a) to Rule 506(c) adopted under
the Securities Act of 1933 (17 CFR 230.506(a) to 17 CFR
230.506(c)).