Bill > HB137

This bill revises Montana's securities laws by eliminating the fee distinction between in-state and out-of-state salespersons or investment adviser representatives. Specifically, the bill modifies the registration fees for salespersons and investment adviser representatives, removing the separate fee structures for in-state and out-of-state professionals. Under the new law, a single fee will apply for original registration, annual renewal, and transfers, regardless of the professional's location. The bill also includes a provision that retroactively applies to registration fees paid on or after May 9, 2019, meaning that individuals who have already paid fees under the previous structure will not be required to pay additional fees for registrations, renewals, or transfers that occurred before the bill's effective date. The changes aim to simplify the fee structure and potentially reduce administrative complexity for securities professionals registering in Montana. The bill will take effect immediately upon passage and approval by the legislature.

Business and Industry

https://bills.legmt.gov/#/laws/bill/2/LC2275