(a) The fee for filing an application for a permit for the sale of real estate syndicate securities or renewal thereof is one hundred dollars plus one-tenth of one per cent of the aggregate value of the certificates of interest sought to be issued in this state up to a maximum aggregate fee of one thousand five hundred dollars. For the purpose of determining the fees fixed in this section, the value of the real estate syndicate securities shall be the price at which they are proposed to be sold, including obligations to make future payments, or the value as alleged in the application, or the actual value, as determined by the commission, of the consideration, if other than money, to be received therefor, whichever is greater.
(b) The fee for filing any application for a permit to issue real estate syndicate securities evidencing any change in the rights, preferences, privileges or restrictions on outstanding real estate syndicate securities is one hundred dollars. Where such issuance will result in an increase in the aggregate face amount of the real estate syndicate securities, the fee shall be in accordance with subsection (a) of this section.
(P.A. 73-593, S. 21, 35; P.A. 07-217, S. 176.)
History: P.A. 07-217 made technical changes in Subsec. (b), effective July 12, 2007.
Structure Connecticut General Statutes
Title 47 - Land and Land Titles
Chapter 826 - Real Estate Syndicates
Section 47-92. - Qualification of real estate syndicate securities; issuance of permit.
Section 47-93. - Expert opinion.
Section 47-94. - Grounds for refusal of permit. Appeal, hearing.
Section 47-95. - Amendment to offering; commission approval; effective date.
Section 47-96. - Permit fees. Determination of value of securities.
Section 47-98. - Sale of unqualified real estate syndicate securities prohibited.
Section 47-99. - Advertisement of securities; prior filing; hearings; media responsibility.
Section 47-100. - Sale does not require licensure as real estate salesperson or broker.
Section 47-102. - Waiver of chapter void. Exception.
Section 47-103. - Real Estate Commission to establish regulations. Hearings.
Section 47-104. - Required form of sales contracts.
Section 47-105. - Required records and reports. Examination of records; examination costs.
Section 47-106. - Penalty for false statement.
Section 47-107. - Investigations by commission; powers.
Section 47-108. - Appointment of attorney for service.
Section 47-109. - Actions, limitation of time, prerequisite.
Section 47-110. - Remedy of buyers.
Section 47-111. - Order to cease and desist. Hearing.
Section 47-112. - Injunctive and other relief.
Section 47-113. - Violations punished by fine or imprisonment.
Section 47-114. - Reservation of other punishments.
Section 47-115. - Burden of proof of exemptions or exceptions.