32-11-308. Inspection or copying refusal
32-11-308. Inspection or copying refusal. A person having custody of all or part of the books, accounts, or other records of a licensee may not knowingly refuse to allow the department, upon request, to inspect or make copies of the records. History: En. Sec. 36, Ch. 411, L. 2007.
32-11-309. Restrictions on financing assistance
32-11-309. Restrictions on financing assistance. (1) A licensee may not directly or indirectly provide financing assistance to an associate of the licensee. (2) A licensee may not directly or indirectly provide financing assistance to discharge or to free money for use in discharging part or all of an obligation to an associate of the licensee. This subsection […]
32-11-310. Contemporaneous financing assistance
32-11-310. Contemporaneous financing assistance. (1) If the terms on which a licensee provides financing assistance to a business are less favorable to the licensee than the terms on which an associate of the licensee provides financing assistance to the business, the licensee may not directly or indirectly provide the assistance to the business within 1 year […]
32-11-311. Compensation of associate
32-11-311. Compensation of associate. (1) An associate of a licensee may not directly or indirectly receive from a person to whom the licensee provides financing assistance: (a) compensation in connection with the providing of the financing assistance; or (b) other things of value for procuring, influencing, or attempting to procure or influence the licensee’s action with respect to […]
32-11-312. Associates
32-11-312. Associates. (1) For purposes of 32-11-301 and 32-11-309 through 32-11-311, a person who is an associate within 6 months before or after a licensee provides financing assistance must be considered to be an associate as of the date the licensee provides the assistance. (2) If a licensee, in order to protect the licensee’s interests, designates a […]
32-11-313. Exemptions
32-11-313. Exemptions. (1) If the department finds that the exemption is in the public interest and that the regulation of the person or transaction is not necessary for the purposes of this chapter, the department may exempt a person or transaction from 32-11-309 through 32-11-311 for the purposes of a particular transaction. (2) The exemption may be […]
32-11-303. Merger — purchase — sale
32-11-303. Merger — purchase — sale. (1) A licensee may not merge with another corporation unless the merger is approved by the department, and, if the licensee is not the surviving corporation, the surviving corporation is a licensee. (2) A licensee may not purchase all or substantially all of the business of another person unless the purchase […]
32-11-304. Records and report requirements
32-11-304. Records and report requirements. (1) A licensee shall make and keep books, accounts, and other records in the form and manner, at the place, and for the period of time that the department establishes. (2) A licensee, an affiliate of a licensee, and a subsidiary of a licensee shall file with the department the reports that […]
32-11-305. Records kept by others
32-11-305. Records kept by others. (1) If a person other than a licensee makes or keeps all or part of the books, accounts, or other records of the licensee, this chapter applies to the person with respect to the books, accounts, and other records to the same extent as if the person were the licensee. (2) If […]
32-11-306. Information on economic development effect
32-11-306. Information on economic development effect. Each year in which a person is licensed under this chapter, the department shall publish and provide a report to the legislature in accordance with 5-11-210 on the effect of this chapter on promoting economic development in the state. The information must include aggregate statistics on: (1) the number and dollar […]