Mississippi Code
Article 3 - Registration of securities and notice filing of federal covered securities
§ 75-71-304. Securities registration by qualification

Registration permitted. A security may be registered by qualification under this section.
Required records. A registration statement under this section must contain the information or records specified in Section 75-71-305, a consent to service of process complying with Section 75-71-611, and, if required by rule adopted under this chapter, the following information or records:
Conditions for effectiveness of registration statement. A registration statement under this section becomes effective thirty (30) days, or any shorter period provided by rule adopted or order issued under this chapter, after the date the registration statement or the last amendment other than a price amendment is filed, if:
A stop order is not in effect and a proceeding is not pending under Section 75-71-306;
The administrator has not issued an order under Section 75-71-306 delaying effectiveness; or
The applicant or registrant has not requested that effectiveness be delayed.
Delay of effectiveness of registration statement. The administrator may delay effectiveness once for not more than ninety (90) days if the administrator determines the registration statement is not complete in all material respects and promptly notifies the applicant or registrant of that determination by telephone, facsimile, or electronic means and promptly confirms this notice by a record.The administrator may also delay effectiveness for a further period of not more than thirty (30) days if the administrator determines that the delay is necessary or appropriate and promptly notifies the applicant or registrant of that determination by telephone, facsimile, or electronic means and promptly confirms this notice by a record.
Prospectus distribution may be required. A rule adopted or order issued under this chapter may require as a condition of registration under this section that a prospectus containing a specified part of the information or record specified in subsection (b) be sent or given to each person to which an offer is made, before or concurrently, with the earliest of:
The first offer made in a record to the person otherwise than by means of a public advertisement, by or for the account of the issuer or another person on whose behalf the offering is being made or by an underwriter or broker-dealer that is offering part of an unsold allotment or subscription taken by the person as a participant in the distribution;
The confirmation of a sale made by or for the account of the person;
Payment pursuant to such a sale; or
Delivery of the security pursuant to such a sale.

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