44-1845. Exemption or special registration of
certain securities and transactions by commission rule
A. The commission may by its rules, and subject to the terms and conditions
prescribed in those rules, add any class of securities or transactions to the securities
or transactions exempted as provided by sections 44-1843, 44-1843.01 and 44-1844, if it
finds that registration of such securities under this chapter is not necessary in the
public interest and for the protection of investors by reason of the special
characteristics of the securities or transactions, the small amount involved or the
limited character of the offering.
B. The commission by its rules, and subject to the terms and conditions prescribed
in those rules, may, if it finds that registration is not necessary for the public
interest and for the protection of investors, exempt or provide special registration for
the following transactions:
1. Any transactions, including resales, involving securities offered and sold in
reliance on rule 504 of regulation D (17 Code of Federal Regulations section 230.504) or
any other exemption under section 3(b) or section 3(a)(11) of the securities act of 1933
or involving a small business issuer under the securities act of 1933 to accredited
investors or to other investors meeting lesser net worth or suitability requirements
established by the commission.
2. Any solicitations of interest in securities that may be offered and sold
pursuant to this chapter.
C. Special registrations pursuant to this section may be exempt from any or all of
the provisions of sections 44-1876, 44-1877, 44-1878 and 44-1921, or any rule adopted
pursuant to those sections.
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