Montana § 30-24-108 - Transition From Foreign Entity To Montana Entity For Network Token Issuers

§ 30-24-108. Transition From Foreign Entity To Montana Entity For Network Token Issuers

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.