§ 1206 Permit Conditions For Securities

• •The commissioner can add conditions to any permit.
• •Conditions can include a security deposit, limits on who can transfer the permit, holding sale money, or limiting sale costs.
• •Any condition must be reasonable, necessary, or in the public interest.

A company gets a permit to sell a new kind of fuel. The commissioner says the company must put $100,000 in a special account (escrow) and cannot sell the fuel to anyone outside the state.

Because of the law, the commissioner can require the deposit and the transfer limit to make sure the fuel is used safely and the public is protected.