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House Bill 1179


 

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House Bill 1179

ARCHIVE (2013)

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DIGEST OF HB 1179 (Updated April 17, 2013 2:07 pm - DI 84)

Securities matters. Requires that certain financial statements that are submitted with a registration statement for securities that: (1) are registered by qualification; and (2) are to be offered in Indiana with a maximum aggregate offering price in excess of $1,000,000; be prepared using U.S. generally accepted accounting principles and be audited by an independent certified public accountant under U.S. generally accepted auditing standards or standards of the Public Company Accounting Oversight Board. Makes it unlawful for a person to violate an agreement that is: (1) entered into between the securities division and the person; and (2) ordered by the securities commissioner under the Indiana Uniform Securities Act. Provides that a violation of an agreement does not subject the person to liability to a purchaser or seller.
Current Status:
 Law Enacted
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