§ 23-2-6-36 — Rules; forms; orders

Indiana § 23-2-6-36

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 6: Indiana Commodity Code

Text

(a) In addition to specific authority granted
under this chapter, the commissioner may make, amend, and rescind
rules, forms, and orders necessary to carry out this chapter.
(b) Unless specifically provided in this chapter, a rule, a form, or an
order may not be adopted, amended, or rescinded unless the
commissioner finds that the action is:
(1) necessary or appropriate for the public interest or for the
protection of investors; and
(2) consistent with the purposes fairly intended by the policy and
provisions of this chapter.
(c) All rules and forms of the commissioner must be published.
(d) A provision of this chapter imposing any liability does not apply
to an act that is:
(1) committed or omitted in good faith; and
(2) in conformity with a rule, an order, or a form adopted or
issued by the commissioner;
even if the rule, order, or form is later amended, rescinded, or is
determined to be invalid for any reason by judicial authority or other
authority.

Legislative History

As added by P.L.177-1991, SEC.10.