§485-2 Commissioner of securities. The administration of this chapter shall be vested in the commissioner of securities. The director of commerce and consumer affairs shall, with the approval of the governor, appoint the commissioner of securities who shall not be subject to chapters 76 and 77. The securities commissioner shall hold the commissioner's office at the pleasure of the director of commerce and consumer affairs and shall be responsible for the performance of the duties imposed under this chapter.

The commissioner of securities may adopt, amend, and repeal, pursuant to chapter 91, such rules as may be necessary to carry out the purposes of this chapter. [L 1957, c 314, pt of §1; am L Sp 1959 2d, c 1, §15; am L 1963, c 114, §3; Supp, §199-2; am L 1967, c 57, §1; HRS §485-2; am L 1982, c 204, §8; am L 1983, c 124, §17; am L 1987, c 373, §1; am L 1988, c 141, §55; am L 1989, c 235, §1]