PURPOSE: This rule sets forth standards of fairness for loans and material-affiliated transactions.

Editor’s Note: The secretary of state has determined that the publication of this rule in its entirety would be unduly cumbersome or expensive. The entire text of the material referenced has been filed with the secretary of state. This material may be found at the Office of the Secretary of State or at the headquarters of the agency and is available to any interested person at a cost established by state law.

Offerings of equity securities shall substantially comply, as determined by the commissioner by order or otherwise, with the North American Securities Administrators Association, Inc. Statement of Policy Regarding Loans and Other Material-Affiliated Transactions as adopted September 14, 1989.

AUTHORITY: sections 409.306 and 409.413(a), RSMo (1986).* Original rule filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Rescinded and readopted: Filed Jan. 3, 1990, effective March 11, 1990. Original authority: 409.306, RSMo (1967), amended 1977 and 409.413(a), RSMo (1967). 15 CSR 30-52