State Codes and Statutes
Statutes > Virginia > Title-13-1 > Chapter-5 > 13-1-525§ 13.1-525. Official interpretations.
The Commission shall have jurisdiction, upon written application, payment ofa filing fee of $500 and submission of such data as may be necessary for thepurpose, to determine whether or not (i) a particular security or transactionis exempt from the registration requirements of this chapter, (ii) the offeror sale of a particular security would be lawful, or (iii) a person is aninvestment advisor or an investment advisor representative. Its determinationshall be made by order, which, subject to the right of appeal, shall beconclusive on the same state of facts in any court in which the matter maycome for adjudication, whether in a civil or a criminal case.
(Code 1950, § 13-112; 1956, c. 428; 1984, c. 771; 1992, c. 19.)
