Discretionary exemptions.

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The securities commissioner may, by rule or order and subject to such terms and conditions as prescribed therein, from time to time add any securities to the securities exempted in section 11-51-307 or add any transactions to the transactions exempted in section 11-51-308, if the securities commissioner finds that the application of sections 11-51-301 and 11-51-305 to such securities or transactions is not necessary in the public interest and for the protection of investors.

Source: L. 90: Entire article R&RE, p. 719, § 1, effective July 1.

Editor's note: This section is similar to former § 11-51-113 as it existed prior to 1990.


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