31A-6b-202. Registration process -- Annual fee.
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31A-6b-202. Registration process -- Annual fee.
(1)If a person is required to register under Section 31A-6b-201 , to register the person shall submit to the commissioner:
(a)an application for registration;
(b)a copy of any guaranteed asset protection waiver that the person will issue, market, sell, offer to sell, or otherwise provide in this state; and
(c)a registration fee established by the commissioner in accordance with Section 31A-3-103 , except that the registration fee may not exceed $1,000.
(a)On and after July 1, 2011, a person registered under this title shall pay to the commissioner an annual fee:
(i)by no later than July 1 of each year after the day on which the person registers; and
(ii)established by the commissioner in accordance with Section 31A-3-103 , except that the annual fee may not exceed $1,000.
(b)If a person fails to pay the annual fee required under this Subsection
(2)by October 1, the person's registration expires.
(3)The commissioner shall deposit a fee collected under this section into the restricted account.
Enacted by Chapter 274 , 2010 General Session