As Amended
SEC. 75-71-427. Summary temporary postponement or suspension of effectiveness of registration statement; notice; hearing.
The secretary of state may by order summarily postpone or suspend the effectiveness of the registration statement pending final determination of any proceeding under sections 75-71-425 through 75-71-431. Upon the entry of the order, the secretary of state shall promptly notify each person specified in section 75-71-429 that it has been entered and of the reasons therefor and that within fifteen (15) days after the receipt of a written request the matter will be set down for hearing. If no hearing is requested and none is ordered by the secretary of state, the order will remain in effect until it is modified or vacated by the secretary of state. If a hearing is requested or ordered, the secretary of state, after notice of and opportunity for hearing to each person specified in section 75-71-429, may modify or vacate the order or extend it until final determination.
SOURCES: Laws, 1981, ch. 521, Sec. 305, eff from and after July 1, 1981.