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Exceptions from the Definition of Agent
No
fee is required and there are no examination
requirements.
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For a detail of all exceptions
from the definition of "agent" see
RSA 421-B:2,II.
There is however one exception that requires a filing
with the Bureau and authorization by the Director of
Securities Regulation that can be used by certain
officers and directors of an issuer to allow them to
offer a particular issuer's securities without being
an agent by definition and having to obtain an agent's
license. The exception applies to individuals who are
...
Effecting other transactions, if such individual is
an officer or director of the issuer, no commission
or other remuneration is paid or given directly or
indirectly for soliciting any person in this state,
and upon application, such individual is
specifically authorized by name in an order issued
by the Secretary of State.
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To obtain such authorization, submit a letter of
request directly to the Bureau. There is no fee. The
Bureau will confirm the authorization in writing.
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Effective July 13, 2001, the previously required Form
U-4 is no longer required
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Effective August 16, 2003, under
RSA 421-B:2 II (f) an
application is no longer required for officers or
directors effecting transactions under
RSA 421-B:11 I-a(e)
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