The bill aims to revise the securities registration fees in Montana by eliminating the distinction between in-state and out-of-state salespersons or investment adviser representatives. It amends Section 30-10-209 of the Montana Code Annotated (MCA) to standardize the registration fees for these professionals, setting the fee for both in-state and out-of-state representatives at $100 for original registration and annual renewal, while removing the previous lower fee for in-state representatives. Additionally, the bill maintains the existing fees for broker-dealers, investment advisers, and federal covered advisers, while also addressing the fees associated with changes in the names of investment company subdivisions.

The bill includes an immediate effective date upon passage and approval, but it removes the applicability date that would have specified when the new fee structure would take effect. This change simplifies the implementation of the new fee structure, ensuring that all registration fees are uniformly applied without regard to the location of the salesperson or adviser representative. Overall, the bill seeks to streamline the registration process and create a more equitable fee system for securities professionals in Montana.

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(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