# Idaho Code § 30-14-202A: 30-14-202A FAIRNESS HEARING

> Idaho · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-202A

## Section

- **Citation:** Idaho Code § 30-14-202A
- **Heading:** 30-14-202A FAIRNESS HEARING
- **Jurisdiction:** Idaho
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Idaho Code / Title 30 / Chapter 14 / Section 30-14-202A

## Text

PART 2.

EXEMPTIONS FROM REGISTRATION OF SECURITIES

30-14-202A. Fairness hearing. (a) The administrator is expressly authorized to hold a hearing and consider the fairness of the terms and conditions of a transaction described in section 30-14-202(9), Idaho Code. This section 30-14-202A, Idaho Code, is intended to provide for a fairness hearing before the administrator with respect to transactions which, if approved by the administrator, will be exempt from the registration requirements of the federal securities laws under section 3(a)(10) of the securities act of 1933, or any section comparable thereto which may subsequently be enacted.

(b) An application for approval shall describe the proposed transaction and shall be in such form, contain such information and be accompanied by such documents as the administrator shall reasonably require by rule or otherwise. The applicant shall pay to the administrator a filing fee of three hundred dollars ($300) and shall file with the administrator an undertaking to defray the costs of a hearing officer and a stenographer for the hearing.

(c) An application for approval shall be set for hearing within thirty (30) days after the filing of an application. The applicant shall give notice of the hearing to all persons to whom securities are to be issued in the proposed transaction, and all such persons shall have the right to appear at the hearing.

(d) Within ten (10) days after the hearing, the administrator shall issue an order either granting or denying approval of the terms of conditions of the proposed plan. The order shall grant approval if the proposed transaction is fair, equitable and free from fraud. The order shall deny approval if the proposed transaction is unfair, inequitable or not free from fraud.

History:

[30-14-202A, added 2004, ch. 45, sec. 2, p. 184.]

## Nearby sections

- [Idaho Code § 30-14-101 30-14-101 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-101.md)
- [Idaho Code § 30-14-102 30-14-102 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-102.md)
- [Idaho Code § 30-14-103 30-14-103 REFERENCES TO FEDERAL STATUTES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-103.md)
- [Idaho Code § 30-14-104 30-14-104 REFERENCES TO FEDERAL AGENCIES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-104.md)
- [Idaho Code § 30-14-105 30-14-105 ELECTRONIC RECORDS AND SIGNATURES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-105.md)
- [Idaho Code § 30-14-201 30-14-201 EXEMPT SECURITIES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-201.md)
- [Idaho Code § 30-14-202 30-14-202 EXEMPT TRANSACTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-202.md)
- [Idaho Code § 30-14-202A 30-14-202A FAIRNESS HEARING.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-202A.md)
- [Idaho Code § 30-14-203 30-14-203 ADDITIONAL EXEMPTIONS AND WAIVERS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-203.md)
- [Idaho Code § 30-14-204 30-14-204 DENIAL, SUSPENSION, REVOCATION, CONDITION OR LIMITATION OF EXEMPTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-204.md)
- [Idaho Code § 30-14-301 30-14-301 SECURITIES REGISTRATION REQUIREMENT.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-301.md)
- [Idaho Code § 30-14-302 30-14-302 NOTICE FILING.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-302.md)
- [Idaho Code § 30-14-303 30-14-303 SECURITIES REGISTRATION BY COORDINATION.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-303.md)
- [Idaho Code § 30-14-304 30-14-304 SECURITIES REGISTRATION BY QUALIFICATION.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-304.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ID_T30_C14_S30-14-202A. Check the current official text before relying on it. Not legal advice.