The superintendent may for cause modify a securities permit theretofore issued; and may after a hearing thereon revoke the permit for violation of law or the terms of the permit or any proper order of the superintendent, or for material misrepresentation or practices injurious to the public interest in the offering or sale of the securities.
History: Laws 1984, ch. 127, ยง 603.
Structure New Mexico Statutes
Article 35 - Sale of Insurance Securities
Section 59A-35-1 - Short title.
Section 59A-35-2 - Scope of article.
Section 59A-35-3 - "Security" defined.
Section 59A-35-4 - "Affiliate" defined.
Section 59A-35-5 - "Promoter" defined.
Section 59A-35-6 - Registration of security; permit required.
Section 59A-35-7 - Exemptions.
Section 59A-35-8 - Registration procedure.
Section 59A-35-9 - Registration fee.
Section 59A-35-10 - Issuance, denial of permit.
Section 59A-35-11 - Terms of permit; compliance.
Section 59A-35-12 - Permit as inducement.
Section 59A-35-13 - Public announcements of offering.
Section 59A-35-14 - Modification, revocation of permit.
Section 59A-35-15 - Exclusive jurisdiction.
Section 59A-35-16 - Securities salespersons, license required.
Section 59A-35-17 - Qualifications, procedure for security salesperson license.