Section 6.02. Registration statement sufficiency.

 

(1)  Any registration filed with a filing officer under ss. 11.0501 , 11.0502 , and 11.0503 , Stats., which is insufficient as to essential form, information or attestation shall be rejected by such officer and shall be promptly returned if possible to the proposed registrant indicating the nature of the insufficiency. The proposed registrant shall be informed that the attempted registration is not effective.

(2)  Any registration statement filed with a filing officer under ss. 11.0501 , 11.0502 , and 11.0503 , Stats., which is insufficient or incomplete in some manner but substantially complies with law shall be accepted by such officer who shall then promptly notify the registrant indicating the nature of the incompletion or insufficiency. The registrant shall then have 15 days from the date of such notice to rectify the problem. If the incompletion or insufficiency is not rectified by the registrant within 15 days from the date of the notice, the registration lapses and is not effective.