30-10-326. Notice of activity -- consent to service. (1) A multilevel distribution company with a participant that is a resident of this state shall file annually with the securities commissioner on a form prescribed by the commissioner and designating the commissioner as its agent for service of process for any alleged violation of 30-10-325. Compliance with this section may not by itself subject a company to the provisions of any other statute of this state or to any taxes, licenses, or fees.
     (2) The commissioner may require a multilevel distribution company to disclose only the following substantive information:
     (a) the names, addresses, and titles of the multilevel distribution company's officers, directors, and trustees;
     (b) the corporate name; the headquarters street, mailing, and e-mail addresses, as well as telephone and telefax numbers; and the state of domicile and state of incorporation of the multilevel distribution company; and
     (c) a detailed description of the levels of distribution in the multilevel distribution company, the manner of compensating participants, and the compensation structure of the marketing plan.
     (3) This section does not preclude the commissioner from obtaining information required of participants during the course of an investigation or proceeding initiated under this chapter.

     History: En. Sec. 3, Ch. 74, L. 1999.