§ 51-23-15 — Administration of chapter

North Dakota § 51-23-15

• Jurisdiction: North Dakota
• Title 51: Sales and Exchanges
• Ch. 51-23: Commodities Transactions

Text

1. This chapter must be administered by the insurance commissioner.
2. Neither the commissioner nor any employees of the commissioner may use any
information which is filed with or obtained by the commissioner which is not public
information for personal gain or benefit, nor may the commissioner nor any employees
of the commissioner conduct any securities or commodity dealings whatsoever based
upon any such information, even though public, if there has not been a sufficient
period of time for the securities or commodity markets to assimilate such information.
3. a. Except as provided in subdivision b, all information collected, assembled, or
maintained by the commissioner is public information and is available for the
examination of the public.
b. The commissioner may keep confidential information obtained in private
investigations pursuant to this chapter and information obtained from federal
agencies which may not be disclosed under federal law.
c. No provision of this chapter either creates or derogates any privilege which exists
at common law, by statute, or otherwise when any documentary or other
evidence is sought under subpoena directed to the commissioner or any
employee of the commissioner.