As Amended
SEC. 75-71-107. Administration of chapter.
(a) The administration of this chapter shall be vested in the Secretary of State of Mississippi.
(b) The Secretary of State shall have the authority to administer oaths in, and to prescribe forms for, all matters arising under this chapter. The Secretary of State shall cooperate with the administrators of the securities laws of other states and of the United States.
(c) The Secretary of State shall have the authority to employ, and fix the salary of, such examiners, clerical help and other employees as the administration of this chapter may require.
(d) The Secretary of State and any person employed by him shall be paid, in addition to his regular compensation, the transportation fare, traveling expenses, board, lodging and other expenses necessary, and actually incurred by each of them, in the performance of their official duties under this chapter. The Secretary of State shall have authority to pay the traveling expenses and all other expense necessary and actually incurred by the Secretary of State or his representative, or both, while attending the annual convention of the North American Securities Administrators, or the convention of the southern group of such association. The above expenses and compensation shall be paid from any funds appropriated for the support and operation of the office of the Secretary of State.
(e) The Secretary of State is hereby authorized and empowered to make, amend and rescind rules and regulations from time to time, as he may deem necessary and proper for the administration and enforcement of the provisions of this chapter, not contrary to the provisions of law.
(f) It is unlawful for the Secretary of State or any of his officers or employees to use for personal benefit any information which is filed with or obtained by the Secretary of State and which is not made public. No provision of this chapter either creates or derogates from any privilege which exists at common law or otherwise when documentary or other evidence is sought under a subpoena directed to the Secretary of State or any of his officers or employees.
(g) The Secretary of State may designate filing depositories for all records required to be filed and maintained under this chapter. Such records may be maintained in original form or by means of microfilm, microfiche, microphotographic reproduction, photographic reproduction, word processing, computerization or other acceptable reproductive methods.
SOURCES: Laws, 1981, ch. 521, Sec. 406, eff from and after July 1, 1981. Laws, 1995, ch. 309, Sec. 1, eff from and after passage (approved March 8, 1995)