FRAUDULENT AND OTHER PROHIBITED PRACTICES
Unlawful offers, sales, purchases.
Unlawful acts of person advising another.
Unlawful acts of investment adviser.
Unlawful purchases or sales for customer's account.
Variable contracts—Registration required—Rules.
REGISTRATION AND NOTICE FOR BROKER-DEALERS,
SALESPERSONS, INVESTMENT ADVISERS,
AND INVESTMENT ADVISER SALESPERSONS
Registration and notification required—Exemptions.
Application for registration—Filing of documents—Consent to service of process—Fee.
Contents of application for registration—Capital requirements.
When registration effective—Requirements determined by rule.
Duration of registration—Association with issuer, broker-dealer, federal covered adviser, or investment adviser—Notice to director—Extension of licensing period.
Renewal of registration—Financial reports—Application for a successor.
Accounts, correspondence, memoranda, papers, books, and other records—Release of information—Correction of filed document—Examination.
Director may deny, suspend, revoke, restrict, condition, or limit any application or registration—Director may censure or fine registrant—Grounds—Procedures—Costs—Accounting.
Denial, suspension, revocation of registration—Order—Request for, notice of hearing—Findings and conclusions.
Cancellation of registration or application—Grounds.
License as salesperson or broker-dealer prerequisite to suit for commission.
REGISTRATION OF SECURITIES
Unlawful to offer or sell unregistered securities—Exceptions.
REGISTRATION BY COORDINATION
Registration by coordination—Requirements—Statement, contents.
Time of taking effect of registration statement by coordination—Conditions—"Price amendment", notification.
Failure to notify of price amendment, proof of compliance—Stop order—Waiver of certain conditions.
REGISTRATION BY QUALIFICATION
Registration by qualification—Statements—Requirements—Audits.
Information not required when nonissuer distribution.
Time of taking effect of registration statement by qualification—Conditions.
GENERAL PROVISIONS REGARDING REGISTRATION
Registration by qualification or coordination—Escrow—Impounding proceeds.
Registration by coordination or qualification—Offer and sale—Duration of effectiveness.
Reports by filer of statement—Annual financial statements.
Pending registration—Notice of termination—Application for continuation.
DENIAL, SUSPENSION AND REVOCATION
OF REGISTRATION OF SECURITIES
Stop order prohibited if facts known on effective date of statement.
Notification of entry of stop order—Hearing—Findings, conclusions, modification, etc.
Securities exempt from registration.
EXEMPT SECURITIES AND TRANSACTIONS
Denial, revocation, condition, of exemptions—Authority—Procedure.
Required filings—Consent to service—Failure to comply—Rules—Fees.
CONSENT TO SERVICE OF PROCESS
Consent to service of process—Service, how made.
False or misleading statements in filed documents.
UNLAWFUL REPRESENTATIONS CONCERNING REGISTRATION
Filing, registration, statement, exemption not conclusive as to truth or completeness—Unlawful representations.
INVESTIGATIONS AND SUBPOENAS
Investigations—Statement of facts relating to investigation may be permitted—Publication of information—Use of criminal history record information.
Oaths—Subpoenas—Assisting another state—Compelling obedience—Punishment.
INJUNCTIONS AND OTHER REMEDIES
Injunction, cease and desist order, restraining order, mandamus—Appointment of receiver or conservator for insolvent—Restitution or damages—Costs—Accounting.
Administrative action—Hearing—Judicial review—Judgment.
Penalty for violation of chapter—Limitation of actions.
Attorney general, prosecuting attorney may institute criminal proceeding—Referral of evidence by director.
Criminal punishment, chapter not exclusive.
Civil liabilities—Survival, limitation of actions—Waiver of chapter void—Scienter.
DISCONTINUANCE OF VIOLATIONS
Assurance of discontinuance of violations—Acceptance—Filing.
JUDICIAL REVIEW OF ORDERS
Judicial review of order—Modification of order by director on additional evidence.
ADMINISTRATION OF CHAPTER
Administration of chapter—Rules and forms, publication—Cooperation with other state and federal authorities.
Administrator of securities—Appointment, qualifications, term, etc.
Compensation, travel expenses of administrator and employees.
Unlawful use or disclosure of filed information.
No liability under chapter for act in good faith.
Administrative hearings public—Exception.
Document filed when received—Register—Inspection of register, information, etc.
Copies of entries, documents to be furnished—Copies as prima facie evidence.
Interpretative opinions by director.
Exemptions, exceptions, and preemptions—Burden of proof.
Investigations and examinations—Additional authority—Scope.
Suitability of recommendation—Reasonable grounds required.
Debenture companies—Capital requirements.
Debenture companies—Maturity date requirements.
Debenture companies—Controlling person—Exceptions.
Debenture companies—Prohibited activities by directors, officers, or controlling persons.
Debenture companies—Debentures payable on demand—Interest—Certificates of debenture.
Debenture companies—Acquisition of control—Requirements—Violation—Penalty.
Debenture companies—Acquisition of control—Grounds for disapproval.
Debenture companies—Notice of charges—Hearing—Cease and desist orders.
Debenture companies—Temporary cease and desist orders.
Reports—Violations of reporting requirements—Penalties—Contribution.
Reports—Suspension of sale of securities until reporting requirements complied with.
Effective date—Construction—1973 1st ex.s. c 171.
Application of chapter not limited.
Debenture companies—Equity investments.
Debenture companies—Loans to any one borrower—Limitations.
Debenture companies—Bad debts.
Debenture companies—Investments in unsecured loans.
Debenture companies—Debenture holders—Notice of maturity date of debenture.
Debenture companies—Annual financial statement.
Debenture companies—Record maintenance and preservation—Examination.
Examination reports and information—Exempt from public disclosure—Use in civil actions.
Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
SMALL SECURITIES OFFERINGS
Small securities offerings—Exemptions—Quarterly reports—Disqualification provisions.
Portals—Qualifications and use—Requirements.
Rule making for small securities offerings.
Construction to secure uniformity.
REPEAL AND SAVING PROVISIONS
Saving—Civil, criminal proceedings.
Saving—Prior effective registrations.
Application of prior law.
Judicial review of prior administrative orders.
Solicitation permits under insurance laws not limited.