STATE OF ARKANSAS

SECURITIES DEPARTMENT

 

IN THE MATTER OF
DELEGATION OF DUTIES OF THE
SECURITIES COMMISSIONER TO
REBECCA BERRY, DEPUTY
COMMISSIONER ORDER NO. 98-033-S

FINDING OF FACT

  1. I, Mac Dodson, duly appointed and acting Securities Commissioner for the State of Arkansas, will be absent from the office for the period beginning May 1, 1998, through May 5, 1998.

CONCLUSIONS OF LAW

  1. Section 19(f) of the Arkansas Securities Act ("Act") authorizes the Commissioner to delegate to any employee of the Department under such conditions as he deems appropriate any responsibilities of the Commissioner as set forth in the Act, the Savings and Loan Act, the Credit Union Act, or any other act for which the Commissioner is responsible.

  2. Section 19(g) of the Act authorizes the Commissioner to delegate to any employee of the Department the exercise or discharge in the Commissioner's name of any power, duty, or function, whether ministerial, discretionary, or of whatever character, vested by the Act in the Commissioner.

OPINION

  1. It is in the best interest of the Securities Department, the State of Arkansas, and the public to delegate my duties to Deputy Commissioner Rebecca Berry during my absence so that the work flow of the Department will not be disrupted and all Department decisions can be made in a timely fashion.

ORDER

    IT IS THEREFORE ORDERED that, pursuant to Section 19(f) and 19(g) of the Act, during the period of my absence, Deputy commissioner Rebecca Berry shall carry out all powers, duties and functions vested by law in the Arkansas Securities Commissioner, including the acknowledgment of filings, the entry of orders, and the issuance of subpoenas.

    IT IS SO ORDERED.

    WITNESS MY HAND AND SEAL this lst day of May 1998.

 

MAC DODSON
SECURITIES COMMISSIONER