{"data":{"id":"us-ky/krs-292.360","jurisdiction":"us-ky","citation":"KRS 292.360","heading":"Registration by coordination.","body":"(1) Any security for which a registration statement under the Securities Act of 1933 or\nan offering statement under Regulation A of the Securities Act of 1933 has been\nfiled with the Securities and Exchange Commission in connection with the same\noffering may be registered by coordination.\n(2) A registration statement under this section shall contain the following information\nand be accompanied by the following documents, in addition to payment of the\nregistration fee prescribed in KRS 292.380, and, if required under KRS 292.430, a\nconsent to service of process meeting the requirements of that section:\n(a) One (1) copy of the latest form of prospectus or offering circular filed under\nthe Securities Act of 1933 or Regulation A promulgated under that Act\ntogether with all amendments thereto;\n(b) The amount of securities to be offered in this state;\n(c) The states in which a registration statement or similar document in connection\nwith the offering has been or is expected to be filed;\n(d) Any adverse order, judgment, or decree previously entered in connection with\nthe offering by any court or the Securities and Exchange Commission;\n(e) If the commissioner by rule or otherwise requires, a copy of the articles of\nincorporation and bylaws (or their substantial equivalent s) of the issuer\ncurrently in effect, a copy of any agreements with or among underwriters, a\ncopy of any indenture or other instrument governing the issuance of the\nsecurity to be registered, and a specimen or copy of the security;\n(f) If the commissioner requests, any other information, or copies of any other\ndocuments, filed under the Securities Act of 1933 or Regulation A\npromulgated under that Act; and\n(g) An undertaking to forward promptly to the commissioner all amendments to\nthe federal registration statement or offering statement, other than an\namendment which merely delays the effective date.\n(3) A registration statement under this section automatically becomes effective with the\ncommissioner at the moment the federal registration statement or offering statement\nbecomes effective or is qualified, if all the following conditions are satisfied:\n(a) No stop order is in effect and no proceeding is pending under KRS 292.390;\n(b) The registration statement has been on file with the commissioner for at leas t\nten (10) days; and\n(c) A statement of the maximum and minimum proposed offering prices and the\nmaximum underwriting discounts and commissions has been on file for two\n(2) full business days or such shorter period as the commissioner permits by\nrule or ot herwise and the offering is made within those limitations. The\nregistrant shall promptly notify the commissioner by telephone, telegram, or\nother electronic means of the date and time when the federal registration\nstatement or offering statement became eff ective or was qualified and the\ncontent of the price amendment, if any, and shall promptly file a post-effective\namendment, containing the information and documents in the price\namendment. \"Price amendment\" means the final federal amendment which\nincludes a statement of the offering price, underwriting and selling discounts\nor commissions, amount of proceeds, conversion rates, call prices, and other\nmatters dependent upon the offering price.\n(4) Upon failure to receive the required notification and post -effective amendment with\nrespect to the price amendment, the commissioner may enter a stop order, without\nnotice or hearing, retroactively denying effectiveness to the registration statement or\nsuspending its effectiveness until compliance with subsection (3)  of this section, if\nhe promptly notifies the registrant by telephone or telegram (and promptly confirms\nby letter or telegram when he notifies by telephone) of the issuance of the order. If\nthe registrant proves compliance with the requirements of subsect ion (3) of this\nsection as to notice and post -effective amendment, the stop order is void as of the\ntime of its entry. The commissioner may by rule or otherwise waive either or both\nof the conditions specified in paragraphs (b) and (c) of subsection (3) of  this\nsection. If the federal registration statement or offering statement becomes effective\nor is qualified before all these conditions are satisfied and they are not waived, the\nregistration statement automatically becomes effective with the commissioner  as\nsoon as all the conditions are satisfied. If the registrant advises the commissioner of\nthe date when the federal registration statement or offering statement is expected to\nbecome effective or to be qualified, the commissioner shall promptly advise th e\nregistrant by telephone, telegram, or other electronic means, at the registrant's\nexpense, whether all the conditions are satisfied and whether he then contemplates\nthe institution of a proceeding under KRS 292.390; but this advice by the\ncommissioner does not preclude the institution of such a proceeding at any time.\n(5) Notwithstanding subsection (3) of this section, a registration statement under the\nSecurities Act of 1933 that becomes effective i mmediately upon filing with the\nSecurities and Exchange Commission shall become effective under this section\nautomatically at the time the registration statement, in the form filed with the\nSecurities and Exchange Commission, is properly filed, along with the appropriate\nfee, with the commissioner.","path":["KRS Chapter 292"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=15550","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:23Z","sha256":"0fa8f82aaf48fb25a86aae41e06566238675b8b7c70a4e9c001cac1d7d9f466a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-292.350","next":"us-ky/krs-292.370"},"notice":"GroundRules: Original legal text. Not legal advice."}