Idaho State Statutes - Idaho Attorney Directory

SUCCESSION AND CHANGE IN REGISTRATION OF BROKER-DEALER OR
INVESTMENT ADVISER. (a) Succession. A broker-dealer or investment adviser may
succeed to the current registration of another broker-dealer or investment
adviser or a notice filing of a federal covered investment adviser, and a
federal covered investment adviser may succeed to the current registration of
an investment adviser or notice filing of another federal covered investment
adviser, by filing as a successor an application for registration pursuant to
section 30-14-401 or 30-14-403, Idaho Code, or a notice pursuant to section
30-14-405, Idaho Code, for the unexpired portion of the current registration
or notice filing.
(b) Organizational change. A broker-dealer or investment adviser that
changes its form of organization or state of incorporation or organization may
continue its registration by filing an amendment to its registration if the
change does not involve a material change in its financial condition or
management. The amendment becomes effective when filed or on a date designated
by the registrant in its filing. The new organization is a successor to the
original registrant for the purposes of this chapter. If there is a material
change in financial condition or management, the broker-dealer or investment
adviser shall file a new application for registration. A predecessor
registered under this chapter shall stop conducting its securities business
other than winding down transactions and shall file for withdrawal of
broker-dealer or investment adviser registration within forty-five (45) days
after filing its amendment to effect succession.
(c) Name change. A broker-dealer or investment adviser that changes its
name may continue its registration by filing an amendment to its registration.
The amendment becomes effective when filed or on a date designated by the
registrant.
(d) Change of control. A change of control of a broker-dealer or
investment adviser may be made in accordance with a rule adopted or an order
issued under this chapter.

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