RegistrationPregunta 7 de 100
Which statement about the consent to service of process is correct?
a.It must be refiled with each annual renewal of the registration
b.It is filed with the initial application and remains in effect permanently, appointing the Administrator to receive legal papers on the registrant's behalf
c.It is required only of applicants whose principal office is outside the state
d.It authorizes the Administrator to settle civil claims against the registrant
Explicación
The consent to service of process is filed once with the original application and stays in force indefinitely; it names the Administrator as the registrant's attorney to receive service of process in actions arising under the act. It is required of all applicants, in-state and out-of-state alike, and of issuers registering securities. It is a procedural document and gives the Administrator no authority to settle claims.
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