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Can I offer equity to investors without violating securities laws in New Hampshire? What are the requirements?
Based on the provided context documents, there are certain exemptions to the requirements of RSA 421-B:3-301 through RSA 421-B:3-306 and RSA 421-B:5-504 for offering equity to investors in New Hampshire without violating securities laws. These exemptions include securities issued, insured, or guaranteed by the United States, a state, a political subdivision of a state, a public authority, agency, or instrumentality of one or more states, a political subdivision of one or more states, or a person controlled or supervised by and acting as an instrumentality of the United States under authority granted by the Congress [1.4]. Additionally, securities issued by a person organized and operated exclusively for religious, educational, benevolent, fraternal, charitable, social, athletic, or reformatory purposes, or as a chamber of commerce or trade or professional association, and not for pecuniary profit, no part of the net earnings of which inures to the benefit of a private stockholder or other person, or a security of a company that is excluded from the definition of an investment company under section 3(c)(10)(B) of the Investment Company Act of 1940 are also exempt [1.4].
However, it is important to note that violating any provision of the securities laws or any rule or regulation lawfully made under them is a misdemeanor and may result in penalties [1.2].
Therefore, it is recommended that you consult with a legal professional to ensure that you are complying with all applicable securities laws and regulations in New Hampshire.
[1.2]: NHRS 143:17 [1.4]: NHRS 421-B:2-201
Source(s):
Jurisdiction
New Hampshire