Iowa Admin. Code r. 191-50.65

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 191-50.65 - Reports contingent to registration by qualification

In the administrator's discretion, a registration by qualification statement filed pursuant to Iowa Code section 502304. may not become effective until one or both of the following are filed:

1. When the value, after its purchase, of certain property does or will constitute a material portion of the assets of the issuer or any other person whose financial condition is significant to the registration, the report of any appraiser or engineer; and

2. When the ownership of any such property is material to the registration, a signed opinion of legal counsel regarding ownership of any property.

This rule is intended to implement Iowa Code section 502.304(2A).

Iowa Admin. Code r. 191-50.65