North Dakota § 26.1-05-15 Rulemaking authority - Liability

North Dakota Statutes

§ 26.1-05-15 — Rulemaking authority - Liability

North Dakota § 26.1-05-15

Title 26.1Insurance

Ch. 26.1-05Organization and Operation of Domestic Companies

This text of North Dakota § 26.1-05-15 (Rulemaking authority - Liability) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-05-15 (2026).

Text

The commissioner may adopt any rules necessary to administer sections 26.1-05-11
through 26.1-05-14. The commissioner may classify domestic stock insurance companies,
securities, and other persons or matters within the commissioner's jurisdiction and define and
prescribe terms and conditions with respect to securities held in an investment account and
transactions made in the ordinary course of business and incident to the establishment or
maintenance of a primary or secondary market. Sections 26.1-05-11 through 26.1-05-13 do not
impose any liability for any act done or omitted in good faith in conformity with any rule of the
commissioner, notwithstanding that the rule may, after the act or omission, be amended or
rescinded or determined by judicial or other authority to be invalid for any

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The commissioner may adopt any rules necessary to administer sections 26.1-05-11
through 26.1-05-14. The commissioner may classify domestic stock insurance companies,
securities, and other persons or matters within the commissioner's jurisdiction and define and
prescribe terms and conditions with respect to securities held in an investment account and
transactions made in the ordinary course of business and incident to the establishment or
maintenance of a primary or secondary market. Sections 26.1-05-11 through 26.1-05-13 do not
impose any liability for any act done or omitted in good faith in conformity with any rule of the
commissioner, notwithstanding that the rule may, after the act or omission, be amended or
rescinded or determined by judicial or other authority to be invalid for any reason.