81-12-195 - Offering and sale of savings accounts exempt from securities regulations.
§ 81-12-195. Offering and sale of savings accounts exempt from securities regulations.
The offering and sale of savings accounts of any association subject to the provisions of this chapter are 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 accounts 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.
Sources: Laws, 1977, ch. 445, § 61(1); reenacted, 1982, ch. 301, § 98; Laws, 1990 Ex Sess, ch. 52, § 101; Laws, 1993, ch. 441, § 102; Laws, 1994, ch. 622, § 134; reenacted without change, Laws, 1997, ch. 496, § 99; reenacted without change, Laws, 2001, ch. 488, § 101, eff from and after July 1, 2001.