Bill Text - HB1111 (2016)

Relative to securities advisory councils and committees.


Revision: Dec. 14, 2015, midnight

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HB 1111 - AS INTRODUCED

 

2016 SESSION

\t16-2098

\t08/10

 

HOUSE BILL\t1111

 

AN ACT\trelative to securities advisory councils and committees.

 

SPONSORS:\tRep. Brewster, Merr. 21

 

COMMITTEE:\tCommerce and Consumer Affairs

 

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ANALYSIS

 

\tThis bill requires the secretary of state to form an advisory council whenever there is an allegation of fraud regarding the sale or attempted sale of a security.

 

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Explanation:\tMatter added to current law appears in bold italics.

\t\tMatter removed from current law appears [in brackets and struckthrough.]

\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.

\t16-2098

\t08/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Sixteen

 

AN ACT\trelative to securities advisory councils and committees.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

\t1  New Paragraph; Allegations of Fraudulent Sale of Securities; Advisory Council Investigation.  Amend RSA 421-B:5-501 by inserting after paragraph (b) the following new paragraph:

\t\t\t(c)  The secretary of state shall appoint an advisory council to aid in the enforcement of this chapter when a person complains of fraud committed regarding the sale or attempted sale of a security.  

\t2  Effective Date.  This act shall take effect 60 days after its passage.

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