Idaho Commodity Code

This act regulates the offering and trading of commodity contracts and related investment interests within the state, prohibiting unlawful commodity transactions and activities while carving out categories of exempt persons and exempt transactions. It bars fraudulent conduct and misleading filings in connection with those transactions, and extends liability to principals, controlling persons, and others associated with a violation. Administration rests with a state regulator empowered to adopt rules, forms, and orders, issue interpretive opinions, conduct investigations, and coordinate with other agencies, with enforcement backed by judicial relief and criminal penalties; a party claiming an exemption or affirmative defense must plead it, and the act leaves state securities law unaffected.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.