Securities Act
North Dakota · 10 · §§ 10-04-01 to 10-04-21 · 36 sections
Overview
The act regulates the offer and sale of securities within a state and the conduct of the people and firms that deal in them, including broker-dealers, salespersons, and investment advisers. It prohibits fraudulent and deceptive practices in securities transactions and advisory relationships, and requires that securities be registered — by coordination with a federal filing or by qualification — before they may be offered or sold, subject to enumerated exemptions for certain securities and transactions. Administration rests with a state official empowered to license and examine registrants, set fees and recordkeeping requirements, issue stop orders halting an offering, and deny, condition, suspend, or revoke registrations and exemptions after notice and hearing.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 4 court decisions.
Most-cited authority: 2 F.4th 727 - Panircelvan Kaliannan v. Ee Liang
Sections covered
- N.D. Cent. Code § 10-04-01Title
- N.D. Cent. Code § 10-04-02Definitions1 cite
- N.D. Cent. Code § 10-04-03Administration of chapter
- N.D. Cent. Code § 10-04-04Registration of securities
- N.D. Cent. Code § 10-04-04.1Agent or investment adviser representative records - Exempt record
- N.D. Cent. Code § 10-04-05Exempt securities
- N.D. Cent. Code § 10-04-06Exempt transactions
- N.D. Cent. Code § 10-04-06.1Suspension and revocation of exemptions
- N.D. Cent. Code § 10-04-06.2Legacy fund investments - Notice filing
- N.D. Cent. Code § 10-04-07Registration by description
- N.D. Cent. Code § 10-04-07.1Registration by announcement - Secondary
- N.D. Cent. Code § 10-04-07.2Registration by coordination
- N.D. Cent. Code § 10-04-08Registration by qualification
- N.D. Cent. Code § 10-04-08.1Authority of commissioner
- N.D. Cent. Code § 10-04-08.2Advertising matter - Regulations
- N.D. Cent. Code § 10-04-08.3Unlawful representations concerning registration or exemption
- N.D. Cent. Code § 10-04-08.4Federal covered security
- N.D. Cent. Code § 10-04-08.5Financial exploitation - Vulnerable adult
- N.D. Cent. Code § 10-04-09Suspension or revocation of registration of securities
- N.D. Cent. Code § 10-04-10Registration of broker-dealers, agents, investment advisers, and investment adviser representatives - Notice filings by federal covered advisers1 cite
- N.D. Cent. Code § 10-04-10.1Advisory activities
- N.D. Cent. Code § 10-04-10.2Conviction not bar to registration - Exceptions
- N.D. Cent. Code § 10-04-10.3Postregistration provisions
- N.D. Cent. Code § 10-04-11Suspension or revocation of broker-dealer's, agent's, investment adviser's, and investment adviser representative's registration
- N.D. Cent. Code § 10-04-12Hearings
- N.D. Cent. Code § 10-04-12.1Board of review
- N.D. Cent. Code § 10-04-13Appeals
- N.D. Cent. Code § 10-04-14Service of process
- N.D. Cent. Code § 10-04-15Fraudulent practices1 cite
- N.D. Cent. Code § 10-04-16Orders, injunctions, and prosecutions for violations - Civil penalty
- N.D. Cent. Code § 10-04-16.1Investigations and subpoenas
- N.D. Cent. Code § 10-04-17Remedies1 cite
- N.D. Cent. Code § 10-04-18Penalties
- N.D. Cent. Code § 10-04-19Evidentiary matters
- N.D. Cent. Code § 10-04-20Repeal of certain prior laws, saving of certain rights and liabilities thereunder
- N.D. Cent. Code § 10-04-21Restitution assistance fund - Continuing appropriation
Enacted in other states
Alaska, Alabama, Arkansas, Colorado, Delaware, Maryland, Mississippi, Montana, North Carolina, Tennessee, Texas, Virginia, Washington
All North Dakota named statutes →
Download
Copy
Embed on your site
Hover to preview · click to copy the code