Title 10, Chapter 5, Section 18
( 10-5-18)
Where a consent to service of process is required under this
chapter, such consent to service of process shall be in the form
prescribed by the commissioner, shall be irrevocable, and shall
provide that actions arising out of or founded upon the sale of any
securities in violation of this chapter may be commenced against the
person executing such consent in any court of competent jurisdiction
and proper venue within this state by the service of process or
pleadings upon the commissioner. Service of any such process or
pleadings in any such action against a person who has filed a
consent to service with the commissioner shall, if made on the
commissioner, be by duplicate copies, one of which shall be filed in
the office of the commissioner and the other shall immediately be
forwarded by the commissioner by registered or certified mail or
statutory overnight delivery to the person against whom such process
or pleadings are directed at his latest address on file in the
office of the commissioner. |