Montana legislation · 2025 Regular Session
Montana HB137: Revise securities laws relating to fees paid by certain licensees
Status: Signed into law, May 16, 2025
What the bill says
An act revising securities registration fees to eliminate the distinction between instate and out-of-state salespersons or investment adviser representatives; amending section 30-10-209, mca; and providing an immediate effective date and a retroactive applicability date.
From the engrossed text:
AN ACT REVISING SECURITIES REGISTRATION FEES TO ELIMINATE THE DISTINCTION BETWEEN INSTATE AND OUT-OF-STATE SALESPERSONS OR INVESTMENT ADVISER REPRESENTATIVES; AMENDING SECTION 30-10-209, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE. Section 1. Section 30-10-209, MCA, is amended to read: "30-10-209. Fees. The following fees must be paid in advance under the provisions of parts 1 through 3 of this chapter: (1) (a) For the registration of securities by notification, coordination, or qualification or for notice filing of a federal covered security, there must be paid to the commissioner for the initial year of registration or notice filing a fee of $200 for the first $100,000 of initial issue or portion of the first $100,000 in this state, based on offering price, plus 1/10 of 1% for any excess over $100,000, with a maximum fee of $1,000. (b) Each succeeding year, a registration of securities or a notice filing of a federal covered security may be renewed, prior to its termination date, for an additional year upon consent of the commissioner and payment of a renewal fee to be computed at 1/10 of 1% of the aggregate offering price of the securities that are to be offered in this state during that year. The renewal fee may not be less than $200 or more than $1,000. The …
Sponsors
- Fitzpatrick, Steve (R, 24) · primary sponsor
- Gillespie, Bruce "Butch" (R, 9)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (H) 3rd Reading Senate Amendments
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading Senate Amendments
Votes
- Do Concur (April 22, 2025): 94 yea, 4 nay, passed
- Do Concur (April 18, 2025): 96 yea, 2 nay, passed
- Do Concur (April 16, 2025): 50 yea, 0 nay, passed
- Do Concur As Amended (April 15, 2025): 50 yea, 0 nay, passed
- AMD-HB0137.002.001 Gillespie D/PASS (April 15, 2025): 50 yea, 0 nay, passed
- Do Pass (January 27, 2025): 96 yea, 2 nay, passed
Subjects: Securities and Securities Regulation, Revenue, State
Common questions
- What is HB137?
- HB137 is a bill in the Montana Legislature (2025 Regular Session): Revise securities laws relating to fees paid by certain licensees.
- What does HB137 do?
- In its own words: An act revising securities registration fees to eliminate the distinction between instate and out-of-state salespersons or investment adviser representatives; amending section 30-10-209, mca; and providing an immediate effective date and a retroactive applicability date.
- What is the status of HB137?
- Signed into law as of May 16, 2025. Latest action: Chapter Number Assigned (May 16, 2025).
- Who sponsored HB137?
- Fitzpatrick, Steve (R, 24), with 1 co-sponsor.
- Where is the official record for HB137?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2275
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.