Understanding the 8 Nr 2 form is essential for individuals and entities engaging in securities offerings within Georgia. Administered by the Office of the Secretary of State, Securities and Business Regulation at 237 Coliseum Drive, Macon, Georgia, under the auspices of the Commissioner of Securities, currently Brian P. Kemp, this form plays a pivotal role in the regulatory framework established by the Georgia Uniform Securities Act of 2008, specifically referenced under O.C.G.A. § 10-5-23. Aimed at offering protection to investors, the form mandates the inclusion of a rescission notice in the prospectus, providing buyers with the unequivocal right to cancel their purchase within three business days following their transaction. This period is defined by either the signing of a purchase agreement, the receipt of a sale confirmation, or the completion of payment. To facilitate this process, two distinct notices are required: one designed to inform the issuer and another addressed to the Commissioner of Securities. The effectiveness of a rescission is contingent upon the timely delivery of the notice or its proper posting in the United States Mail. These procedural requirements underscore the form’s significance in bolstering investor protections by ensuring a clear and standardized process for rescinding transactions.
| Question | Answer |
|---|---|
| Form Name | Form 8 Nr 2 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | 8 NR state of ga rescission form |
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SECURITIES AND BUSINESS REGULATION |
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237 Coliseum Drive |
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Macon, Georgia |
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(478) |
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BRIAN P. KEMP |
http://www.sos.state.ga.us/securities |
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COMMISSIONER OF SECURITIES |
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RESCISSION NOTICE AND NOTIFICATION FORM |
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Georgia Uniform Securities Act of 2008 |
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O.C.G.A. § |
INSERT THE FOLLOWING NOTICE OF RESCISSION on the inside front cover page of the prospectus in the case of a printed prospectus or on the second page of the prospectus in the case of a prospectus reproduced by any other means, in boldfaced print or CAPITAL type:
ANY PERSON WHO PURCHASES THE SECURITIES OFFERED HEREBY SHALL HAVE
THE UNQUALIFIED AND UNWAIVABLE RIGHT TO RESCIND SUCH PURCHASE
WITHIN THREE (3) BUSINESS DAYS OF THE EXECUTION OF A WRITTEN AGREEMENT TO PURCHASE ANY SECURITIES OFFERED HEREBY, THE DELIVERY OF A CONFIRMATION OF SALE, OR THE PAYMENT FOR ANY SECURITIES OFFERED HEREBY, WHICHEVER SHALL OCCUR FIRST.
RESCISSION MAY BE ACCOMPLISHED BY COMPLETING AND
MAILING THE FORM PROVIDED ON PAGE ______ OF THIS PROSPECTUS.
INSERT THE FOLLOWING NOTIFICATION OF RESCISSION on the inside back cover page in the case of a printed prospectus or the final page in the case of a prospectus reproduced by any other means, to provide a means of exercising the right of rescission provided in section
NOTICE OF RESCISSION
TO: COMMISSIONER OF SECURITIES OFFICE OF THE SECRETARY OF STATE 237 COLISEUM DRIVE
MACON, GEORGIA 31217
I hereby exercise my right to rescind my purchase of ____________shares of the________________________________.
__________________________________________ |
(Name of Issuer/Company) |
This rescission is made within three (3) business days of the earliest of my execution of a written agreement to purchase said shares, the delivery of a confirmation of sale of said shares to me or the payment for such shares, the delivery of a confirmation of sale of said shares to me or the payment for such shares. I understand that the effective date of the rescission shall be the date of delivery of this Notice or the depositing of same, properly addressed with adequate postage thereon, in the United States Mail.
DATED, this _______________day of __________________________, 20___
SIGNATURE ____________________________________________________________________________
NAME ____________________________________________________________________________
ADDRESS _________________________________________________________________________
CITY ______________________________________ STATE ____________ ZIP CODE ___________
Form
Rev. 2/2011