1. A. Wherever the title of securities is required to be stated there shall be given such information as will indicate the type and general character of the securities, including the following:

   1. 1. in the case of shares, the par or stated value, if any; the rate of dividends, if fixed, and whether cumulative or noncumulative; a brief indication of the preference, if any; and if convertible, a statement to that effect;
   2. 2. in the case of funded debt, the rate of interest; the date of maturity, or if the issue matures serially, a brief indication of the serial maturities, such as "maturing serially from 1950 to 1960;" if the payment of principal or interest is contingent, an appropriate indication of such contingency; a brief indication of the priority of the issue; and if convertible, a statement to that effect;
   3. 3. in the case of any other kind of security, appropriate information of comparable character.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:708

Historical Note

HISTORICAL NOTE: Adopted by the Commissioner of Securities, November 9, 1971.