(a) The Securities Commissioner shall administer this chapter.
(b) The commissioner may:
(1) Make, amend, and rescind any rules, forms, and orders that the commissioner deems necessary or appropriate to carry out this chapter, including without limitation rules and forms governing applications and reports; and
(2) Define any terms, whether or not used in this chapter, if consistent with this chapter.
(c) A rule, form, or order shall not be made, amended, or rescinded unless the commissioner finds that the action is:
(1) Necessary or appropriate in the public interest or for the protection of consumers; and
(2) Consistent with the purposes fairly intended by the policy and provisions of this chapter.
(d) All rules and forms of the commissioner shall be published.
Section: Previous 23-55-102 23-55-103 23-55-104Last modified: November 15, 2016