North Dakota Century Code Title 51. Sales and Exchanges § 51-23-06. Unlawful commodity activities
Current as of January 01, 2020 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
1. No person may engage in a trade or business or otherwise act as a commodity merchant unless such person:
a. Is registered or temporarily licensed with the commodity futures trading commission for each activity constituting such person as a commodity merchant and such registration or temporary license shall not have expired, nor been suspended nor revoked; or
b. Is exempt from such registration by virtue of the Commodity Exchange Act or of a CFTC rule.
2. No board of trade may trade, or provide a place for the trading of, any commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the commodity futures trading commission unless such board of trade has been so designated for such commodity contract or commodity option and such designation has not been vacated, suspended, or revoked.
Cite this article: FindLaw.com - North Dakota Century Code Title 51. Sales and Exchanges § 51-23-06. Unlawful commodity activities - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-51-sales-and-exchanges/nd-cent-code-sect-51-23-06.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?