[§485A-204] Denial, suspension, revocation, condition, or limitation of exemptions.
95 words·~1 min read·
/hi/485a-204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§485A-204] Denial, suspension, revocation, condition, or limitation of exemptions. Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under section 485A-201(3)(C), 485A-201(7), 485A-201(8), or 485A-202, or an exemption or waiver created under section 485A-203 with respect to a specific security, transaction, or offer. An order under this section may be issued only pursuant to the procedures in section 485A-305(d) or 485A-604, and only prospectively. [L 2006, c 229, pt of §1]