44-1898. Registration in securities register
of securities complying with requirements for registration by
qualification; sale of registered securities authorized; delivery
of prospectus to purchasers
A. Except as provided in section 44-1901, the director shall within a reasonable
time examine an application for registration of securities by qualification and all
documents and exhibits filed therewith. When an applicant has fully complied with the
provisions of this article relating to registration by qualification, and the rules of
the commission thereunder, the director shall register the securities in a register of
securities, subject to the limitations and conditions imposed by the commission in
accordance with this chapter, unless the commission finds cause for denial as provided in
section 44-1901 or article 8 of this chapter.
B. The director shall, by mail, give notice to the issuer of the effective date of
registration.
C. After such registration, the securities may be sold by any registered dealer or
by any registered salesman employed by a registered dealer.
D. There shall be delivered to each purchaser of securities registered by
qualification, before the conclusion of any contract of sale of such securities, a copy
of the prospectus meeting the requirements of section 44-1894, 44-1896, 44-1899 or
44-1901 if the prospectus is used more than one year from the effective date of
registration of the securities.
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