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Ark. Code Ann. § 23-55-104

Administration and rules

Known as the Uniform Money Services Act

The act spans §§ 23–23 (44 sections).

Acts 2009, No. 486, § 4.

(1) The Securities Commissioner shall administer this chapter.

(2) The commissioner may: Make, amend, and rescind any rules, forms, and orders that the commissioner deems necessary or appropriate to carry out this chapter, including without limitation rules and forms governing applications and reports; and

(3) Define any terms, whether or not used in this chapter, if consistent with this chapter.

(4) A rule, form, or order shall not be made, amended, or rescinded unless the commissioner finds that the action is: Necessary or appropriate in the public interest or for the protection of consumers; and

(5) Consistent with the purposes fairly intended by the policy and provisions of this chapter.

(6) All rules and forms of the commissioner shall be published.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.