Sec. 47-105. Required records and reports. Examination of records; examination costs.
Sec. 47-105. Required records and reports. Examination of records; examination costs. (a) Every issuer qualifying real estate syndicate securities for sale in this
state shall at all times keep and maintain a complete set of books, records and accounts
of such sales and the disposition of the proceeds thereof, and shall thereafter, at such
times as are required by the commission, make and file in the office of the commission
a report, setting forth the interests sold by it under such qualification, the proceeds
derived therefrom and the disposition thereof.
(b) The commission shall have the right to examine such records at any time and,
when such examination requires out-of-state travel, the issuer shall pay the cost of such
examination at the discretion of and as determined by the commission.
(P.A. 73-593, S. 14, 35.)