The superintendent may for cause modify a securities permit theretofore issued; and may after a hearing thereon revoke the permit for violation of law or the terms of the permit or any proper order of the superintendent, or for material misrepresentation or practices injurious to the public interest in the offering or sale of the securities.
§ 59A-35-14 NMSA 1978
Modification, revocation of permit
Known as the Sale of Insurance Securities Law
The act spans §§ 59–59 (18 sections).
Laws 1984, ch. 127, § 603.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.