2005 Idaho Code - 30-1503 — EXEMPT PERSON -- TRANSACTIONS

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 15
                             IDAHO COMMODITY CODE
    30-1503.  EXEMPT PERSON -- TRANSACTIONS. (1) The prohibitions in section
30-1502, Idaho Code, shall not apply to any transaction offered by and in
which any of the following persons or any employee, officer or director
thereof, acting solely in that capacity is the purchaser or seller:
    (a)  A person registered with the commodity futures trading commission as
    a futures commission merchant or as a leverage transaction merchant whose
    activities require such registration;
    (b)  A person registered with the securities and exchange commission or
    under the laws of this state as a securities broker-dealer whose
    activities require such registration;
    (c)  A person affiliated with, and whose obligations and liabilities under
    the transaction are guaranteed by a person referred to in paragraph (a) or
    (b) of this subsection;
    (d)  A person who is a member of a contract market designated by the
    commodity futures trading commission or any clearinghouse thereof; or
    (e)  A financial institution.
    (2)  The exemption provided in this section shall not apply to any
transaction or activity which is prohibited by the commodity exchange act or
CFTC rule.