17-5801. Exemption from securities act.
17-5801
17-5801. Exemption from securities act.
The sale of shares of any association subject to the provisions of this
act is hereby exempted from all provisions of law of this state which
provide for the supervision and regulation of the sale of securities, and
the sale of any such shares shall be legal without any action or approval
whatsoever on the part of any official authorized to license, regulate, and
supervise the sale of securities.
History: L. 1943, ch. 133, § 204; July 1.