30-24-108: Transition from foreign entity to Montana entity for network token issuers.

A foreign corporation that has previously issued network tokens may be granted an exemption under 30-10-105 if, prior to the offer or sale of tokens, the foreign corporation completes the following:

(1) registers with the secretary of state as provided in 35-2-820 through 35-2-830;

(2) meets all obligations under 30-24-107;

(3) provides the commissioner with all relevant governing documents related to incorporation in the foreign corporation's country;

(4) provides proof that the foreign corporation is not under investigation for securities fraud or has not been convicted of securities fraud in any other jurisdiction; and

(5) provides other information the commissioner considers relevant to the exemption request.