NAC90.483. Registration by qualification: Additional filings required after filing of registration statement; enforcement.

     1. Not later than 60 days after the closing of the offering or the expiration of the period of effectiveness, whichever occurs first, an issuer who is a development stage company and files a registration statement pursuant to NRS 90.490 which has been declared effective in Nevada shall file with the Administrator:

     (a) A copy of all sales and promotional materials used in connection with the offering; and

     (b) A report which sets forth the:

          (1) Amount of securities sold during the effective period of the offering;

          (2) Consideration paid for each security; and

          (3) Names and addresses of all purchasers.

     2. If an issuer fails to file with the Administrator the report described in paragraph (b) of subsection 1, the Administrator may impose a sanction against the issuer pursuant to subsection 2 of NRS 90.630.

     (Added to NAC by Sec’y of State, eff. 11-19-92; A by R016-02, 8-6-2002)