| | | 2.__Findings and cooperation.__Under this chapter, a rule or | | form may not be adopted or amended, or an order issued or | | amended, unless the administrator finds that the rule, form, | | order or amendment is necessary or appropriate in the public | | interest or for the protection of investors and is consistent | | with the purposes intended by this chapter. In adopting, amending | | and repealing rules and forms, section 16608 applies in order to | | achieve uniformity among the states and coordination with federal | | laws in the form and content of registration statements, | | applications, reports and other records, including the adoption | | of uniform rules, forms and procedures. |
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| | | 3.__Financial statements.__The administrator may require that | | a financial statement filed under this chapter be prepared in | | accordance with generally accepted accounting principles in the | | United States and comply with other requirements specified by | | rule adopted or order issued under this chapter. A rule adopted | | or order issued under this chapter may establish: |
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| | | A.__The form and content of financial statements required | | under this chapter; |
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| | | B.__Whether unconsolidated financial statements must be | | filed; and |
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| | | C.__Whether required financial statements must be audited by | | an independent certified public accountant. |
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| | | 4.__Interpretative opinions.__The administrator may provide | | interpretative opinions or issue determinations that the | | administrator will not institute a proceeding or an action under | | this chapter against a specified person for engaging in a | | specified act, practice or course of business if the | | determination is consistent with this chapter. A rule adopted or | | order issued under this chapter may establish a reasonable charge | | for interpretative opinions or determinations whether the | | administrator will institute an action or a proceeding under this | | chapter. |
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| | | 5.__Declaratory rulings.__The administrator, in the | | administrator's discretion, may conduct a hearing and issue a | | declaratory ruling under Title 5, section 9001, subsection 3 as | | to the applicability of this chapter, any provision of this | | chapter or any rule or order of the administrator to any person | | or transaction or as to the meaning of any term used in this | | chapter or any rule or order of the administrator. |
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| | | 6.__ Conformity with rule, form or order.__No provision of | | this chapter imposing any liability applies to any act done or | | omitted in good faith in conformity with a rule, order or form |
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