§ 7-11-706. Declaratory orders and rulings.
(a) Any person may petition the director for a declaratory order as to the applicability to specified circumstances of a statute, rule, or order under this chapter. The director may issue a declaratory order in response to a petition for that order unless the director determines that the petition fails to comply with the director’s rules or, if the order was issued, would substantially prejudice the rights of a person who would be a necessary party and does not consent to the determination of the matter by a declaratory order.
(b) The director, upon application by an interested party, may conduct a hearing and issue a declaratory ruling as to the applicability of this chapter or a rule or order of the director under this chapter to a person, security or transaction, or as to the meaning of a term used in this chapter.
History of Section.P.L. 1990, ch. 460, § 2.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11 - Rhode Island Uniform Securities Act
Section 7-11-701. - Administration.
Section 7-11-702. - Prohibitions on use of information.
Section 7-11-703. - Public information — Confidentiality.
Section 7-11-704. - Cooperation with other agencies.
Section 7-11-705. - Rules, forms, and orders.
Section 7-11-706. - Declaratory orders and rulings.
Section 7-11-707. - Good faith reliance.
Section 7-11-708. - Consent to service of process.
Section 7-11-709. - Administrative files and records.
Section 7-11-710. - Administrative proceedings.
Section 7-11-711. - Provisions applicable to administrative proceedings.