Montana § 30-24-108 Transition From Foreign Entity To Montana Entity For Network Token Issuers

Montana Statutes

§ 30-24-108 — Transition From Foreign Entity To Montana Entity For Network Token Issuers

Montana·Title 30 TRADE AND COMMERCE·Ch. 24 DIGITAL ASSETS·Part 1 Financial Freedom and Innovation Act

30-24-108 . Transition from foreign entity to Montana entity for network token issuers. A foreign corporation that has previously issued network tokens may be granted an exemption under 30-10-105 if, prior to the offer or sale of tokens, the foreign corporation completes the following:

(1)registers with the secretary of state as provided in 35-2-820 through 35-2-830 ;

(2)meets all obligations under 30-24-107 ;

(3)provides the commissioner with all relevant governing documents related to incorporation in the foreign corporation's country;

(4)provides proof that the foreign corporation is not under investigation for securities fraud or has not been convicted of securities fraud in any other jurisdiction; and

(5)provides other information the commissioner considers relevant to the exempt

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30-24-108 . Transition from foreign entity to Montana entity for network token issuers. A foreign corporation that has previously issued network tokens may be granted an exemption under 30-10-105 if, prior to the offer or sale of tokens, the foreign corporation completes the following:
(1) registers with the secretary of state as provided in 35-2-820 through 35-2-830 ;
(2) meets all obligations under 30-24-107 ;
(3) provides the commissioner with all relevant governing documents related to incorporation in the foreign corporation's country;
(4) provides proof that the foreign corporation is not under investigation for securities fraud or has not been convicted of securities fraud in any other jurisdiction; and
(5) provides other information the commissioner considers relevant to the exemption request.

Montana § 30-24-108 (Transition From Foreign Entity To Montana Entity For Network Token Issuers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.