30-1505. UNLAWFUL COMMODITY ACTIVITIES. (1) No person shall engage in a trade or business or otherwise act as a commodity merchant unless such person:
(a) Is registered or temporarily licensed with the commodity futures trading commission for each activity constituting such person as a commodity merchant and such registration or temporary license shall not have expired, nor been suspended nor revoked; or
(b) Is exempt from such registration by virtue of the commodity exchange act or of a CFTC rule.
(2) No board of trade shall trade, or provide a place for the trading of, any commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the commodity futures trading commission unless such board of trade has been so designated for such commodity contract or commodity option and such designation shall not have been vacated, nor suspended nor revoked.
History:
[30-1505, added 1989, ch. 414, sec. 1, p. 1010.]
Structure Idaho Code
Chapter 15 - IDAHO COMMODITY CODE
Section 30-1501 - DEFINITIONS.
Section 30-1502 - UNLAWFUL COMMODITY TRANSACTIONS.
Section 30-1503 - EXEMPT PERSON — TRANSACTIONS.
Section 30-1504 - EXEMPT TRANSACTIONS.
Section 30-1505 - UNLAWFUL COMMODITY ACTIVITIES.
Section 30-1506 - FRAUDULENT CONDUCT — LIABILITY OF PRINCIPALS, CONTROLLING PERSONS AND OTHERS.
Section 30-1507 - SECURITIES STATUTES UNAFFECTED.
Section 30-1509 - INVESTIGATIONS.
Section 30-1510 - ENFORCEMENT.
Section 30-1511 - POWER OF COURT TO GRANT RELIEF.
Section 30-1512 - CRIMINAL PENALTIES.
Section 30-1513 - ADMINISTRATION — RULES AND FORMS.
Section 30-1514 - COOPERATION WITH OTHER AGENCIES.
Section 30-1515 - CONSENT TO SERVICE OF PROCESS.
Section 30-1517 - PROCEDURE FOR ENTRY OF AN ORDER.
Section 30-1518 - JUDICIAL REVIEW OF ORDERS.