Idaho State Statutes - Idaho Attorney Directory

APPLICATION OF CHAPTER TO EXISTING PROCEEDING AND EXISTING
RIGHTS AND DUTIES. (a) Applicability of predecessor act to pending proceedings
and existing rights. The predecessor act exclusively governs all actions or
proceedings that are pending on the effective date of this act or may be
instituted on the basis of conduct occurring before the effective date of this
act, but a civil action may not be maintained to enforce any liability under
the predecessor act unless instituted within any period of limitation that
applied when the cause of action accrued or within five (5) years after the
effective date of this act, whichever is earlier.
(b) Continued effectiveness under predecessor act. All effective
registrations under the predecessor act, all administrative orders relating to
the registrations, rules, statements of policy, interpretative opinions,
declaratory rulings, no action determinations, and conditions imposed on the
registrations under the predecessor act remain in effect while they would have
remained in effect if this act had not been enacted. They are considered to
have been filed, issued, or imposed under this act, but are exclusively
governed by the predecessor act.
(c) Applicability of predecessor act to offers or sales. The predecessor
act exclusively applies to an offer or sale made within one (1) year after the
effective date of this act pursuant to an offering made in good faith before
the effective date of this act on the basis of an exemption available under
the predecessor act.

Click here to visit the Official Idaho State Statutes