Legal Opinions

Year 2000


00-014
11/29/2000

BLIND HOG HUNTING CLUB

Request for guidance concerning the issuance of shares of stock in the Club based on Ark. Code Ann. § 23-42-(15)(A)(ii).

00-013
11/29/2000

PRUDENTIAL INSURANCE COMPANY OF AMERICA

Request that no enforcement action be taken for the demutualization of mutual life insurance company to stock life insurance company based on rule 504.01(A)(12)(g) of the Rules promulgated under Ark. Code Ann. § 23-42-504(a)(12). 

00-012
11/22/2000

AMERICAN PAYMENT SYSTEMS

Response to Application of Sale of Checks Act to payment of bills to agent of bill paying company when funds transmitted electronically.

00-011
10/20/2000

LATHROP & GAGE

Request for opinion for whether or not the business activities contemplated require registration under the Arkansas Mortgage Loan Company or Loan Broker Act, Ark. Code Ann. § 23-39-101.

00-010
10/16/2000

PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY

Request for no action letter for conversion of Phoenix Home Life Mutual Ins. Co. to a stock life insurance company based on Rule 504.01(A)(12)(g).

00-009
9/14/2000

CONFINITY, INC. AND DYNAMIC TRANSACTION, INC.

Arkansas "Sale of Checks Act", Ark. Code Ann. §§ 23-41-101, et seq., with regard to PayPal service offered by Confinity, Inc. and PayPlace service offered by Dynamic Transactions, Inc.

00-008
9/14/2000

LUTHERAN CHURCH-MISSOURI SYNOD FOUNDATION

Request no action that its activities under the Philanthropy Protection Act does not involve the issuance of securities under the Arkansas Securities Act.

00-007
8/11/2000

F.O. ADVERTISING, INC.

Legal opinion that sole shareholder can rely on exemption for additional sales by existing issuer under Rule 504.01(a)(12)(i).

00-006
8/11/2000

TODD L. GRIFFIN, ATTORNEY AT LAW

Request for interpretation of  Ark. Code Ann.  § 23-39-306(a)(2), exemption from registration for attorneys.

00-005
8/8/2000

CLEARSKY

Request no action position with respect to filing of sales reports for covered securities pursuant to Rule 509.01(A).

00-004
5/11/2000

BMA FINANCIAL SERVICES, INC.

Single case "exception" to the agent registration requirements of the Arkansas Securities Act.

00-003
3/7/2000

MORTGAGE LOAN COMPANY & LOAN BROKER ACT

Registration requirements for a web-based business based on the Arkansas Mortgage Loan Company and Loan Broker Act, § 23-39-101.

00-002
2/14/2000

SOUTHERN STATES COOPERATIVE, INC.

Request clarification that employees performing clerical functions are not required to register as agents. Individuals accepting offers and answering non-clerical inquiries will register as agents of the issuer.

00-001
1/4/2000

ENERGY CO-OPPORTUNITY, INC.

Request for an interpretive opinion that ECO's membership of common stock does not constitute as a security pursuant to Ark. Code Ann. § 23-42-102(15).


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