523.14 Rules.
The commissioner shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in the commissioner by sections 523.7 through 523.13, and may for such purpose classify domestic stock insurance companies, securities, and other persons or matters, within the commissioner’s jurisdiction. No provisions of sections 523.7, 523.8, and 523.9 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the commissioner, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.
[C66, 71, 73, 75, 77, 79, 81, §523.14]
2021 Acts, ch 80, §336
Referred to in §523.11, 523.12
Section amended
Structure Iowa Code
Chapter 523 - ELECTIONS AND INSIDER TRADING
Section 523.1 - Proxies authorized.
Section 523.5 - Proportionate representation.
Section 523.6 - Amendment of articles.
Section 523.7 - Statement of stock ownership filed with commissioner.
Section 523.8 - Profit in trading stock to inure to company.
Section 523.9 - Penalty for selling stock not directly owned by seller.
Section 523.10 - Exceptions — rules by commissioner.
Section 523.11 - Arbitrage transactions excepted.
Section 523.12 - Equity security defined.