Bill Text - SB319 (2018)

Relative to exempt securities.


Revision: Dec. 8, 2017, 12:07 p.m.

SB 319  - AS INTRODUCED

 

 

2018 SESSION

18-2937

03/05

 

SENATE BILL 319

 

AN ACT relative to exempt securities.

 

SPONSORS: Sen. Daniels, Dist 11

 

COMMITTEE: Commerce

 

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ANALYSIS

 

This bill modifies the exemption from securities regulation for government-issued securities.

 

This bill was requested by the department of state.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

18-2937

03/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to exempt securities.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Exempt Securities.  Amend RSA 421-B:2-201(1) to read as follows:

(1)  a security, including a revenue obligation or a separate security as defined in Rule 131 adopted under the Securities Act of 1933, 17 C.F.R. section 230.131, issued, insured, or guaranteed by the United States; by a state; by a political subdivision of a state; by a public authority, agency, or instrumentality of one or more states; by a political subdivision of one or more states; by a person controlled or supervised by and acting as an instrumentality of the United States under authority granted by the Congress; or a certificate of deposit for any of the foregoing; [provided that this exemption shall not include any industrial development bond or industrial revenue bond;]

2  Effective Date.  This act shall take effect 60 days after its passage.