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§ 80. Fees and expenses

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 70 P.S. Securities

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 70 P.S. Securities (Refs & Annos)
Chapter 1.7. Takeover Disclosure Law (Refs & Annos)
70 P.S. § 80
§ 80. Fees and expenses
Currentness
(a) The commission shall charge the following fees for registration statements filed pursuant to section 4,1 the computation of the value of the offer being determined by reference to the maximum cash consideration payable by the offeror for the securities which are the subject of the takeover offer or, if the consideration shall be anything other than solely cash, to the fair market value of the maximum consideration being offered for such securities:
(1) For an offer valued at less than five million dollars, $750.
(2) For an offer valued at five million dollars or more, but less than ten million dollars, $1,000.
(3) For an offer valued at ten million dollars or more, but less than twenty-five million dollars, $1,500.
(4) For an offer valued at twenty-five million dollars or more, $2,500.
(b) The fee for filing a notice under section 82 is $50.
(c) Any target company making any filing pursuant to section 63 shall be charged a fee of $500, payable at the time of the initial filing.
(d) The fee for any examination, audit or investigation is the actual amount of all salary costs and other compensation paid to the persons making the examination, audit, or investigation, plus the actual amount of expenses reasonably incurred in the performance of the work. Such fee shall only be payable by a registrant, applicant for registration, issuer or other person in connection with an investigation by the commission where such person has been found guilty of a violation of the provisions of this act.

Credits

1976, March 3, P.L. 42, No. 19, § 10, imd. effective.

Footnotes

1
70 P.S. § 74.
2
70 P.S. § 78.
3
70 P.S. § 76.
70 P.S. § 80, PA ST 70 P.S. § 80
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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