1. There is hereby created within the Office of the Secretary of State a Securities Division. The Deputy of Securities shall serve as the Administrator of the Division.
2. The Secretary of State may, alternatively:
(a) Use the services of an assigned deputy attorney general as legal counsel for the Division.
(b) Appoint an attorney as legal counsel for the Division. If appointed, he or she is in the unclassified service of the State.
(c) Contract for services to be rendered by such other legal counsel as are needed for assistance in administering chapter 90 of NRS.
3. Each of the legal counsel must be an attorney admitted to practice law in Nevada.