The bill amends Section 30-10-209 of the Montana Code Annotated to revise securities registration fees, specifically eliminating the distinction between in-state and out-of-state salespersons or investment adviser representatives. The new legal language introduces a uniform fee structure for registration, renewal, and transfer of salespersons and investment adviser representatives, which previously varied based on their state of origin. The bill also stipulates that individuals who have already paid the required fees prior to the effective date of the act will not be required to pay additional fees for registrations, renewals, or transfers that occurred before this date.

Additionally, the bill provides for an immediate effective date and includes a retroactive applicability clause, meaning it applies to registration fees paid on or after May 9, 2019. This change aims to streamline the registration process and ensure equitable treatment of all salespersons and investment adviser representatives, regardless of their state residency. The bill also maintains existing provisions regarding fees for broker-dealers, investment advisers, and federal covered advisers, while ensuring that all fees collected are deposited appropriately.

Statutes affected:
LC Text: 30-10-209
HB0137_1(1): 30-10-209
HB0137_1(2): 30-10-209
HB0137_1(3): 30-10-209
HB0137_1(4): 30-10-209
HB0137_1(5): 30-10-209
HB0137_1(6): 30-10-209
HB0137_1(7): 30-10-209
HB0137_1(8): 30-10-209
HB0137_1: 30-10-209
HB0137_2(1): 30-10-209
HB0137_2(10): 30-10-209
HB0137_2(11): 30-10-209
HB0137_2(12): 30-10-209
HB0137_2(13): 30-10-209
HB0137_2(14): 30-10-209
HB0137_2(15): 30-10-209
HB0137_2(16): 30-10-209
HB0137_2(2): 30-10-209
HB0137_2(3): 30-10-209
HB0137_2(4): 30-10-209
HB0137_2(5): 30-10-209
HB0137_2(6): 30-10-209
HB0137_2(7): 30-10-209
HB0137_2(8): 30-10-209
HB0137_2(9): 30-10-209
HB0137_2: 30-10-209
HB0137_3(1): 30-10-209
HB0137_3(10): 30-10-209
HB0137_3(11): 30-10-209
HB0137_3(2): 30-10-209
HB0137_3(3): 30-10-209
HB0137_3(4): 30-10-209
HB0137_3(5): 30-10-209
HB0137_3(6): 30-10-209
HB0137_3(7): 30-10-209
HB0137_3(8): 30-10-209
HB0137_3(9): 30-10-209
HB0137_3: 30-10-209
HB0137_X(1): 30-10-209
HB0137_X(2): 30-10-209
HB0137_X(3): 30-10-209
HB0137_X(4): 30-10-209
HB0137_X(5): 30-10-209
HB0137_X(6): 30-10-209
HB0137_X(7): 30-10-209
HB0137_X: 30-10-209