Section 1112-A. Continuation.
(a) Functions.--The department shall assume functions under subsection (b). A securities division is established as a division of the department to perform the functions transferred to the department under subsection (b). The secretary shall appoint a deputy secretary to oversee the administration of these functions.
(b) Transfers.--The following functions of the Pennsylvania Securities Commission are transferred to the department:
(1) Administration of the act of May 5, 1921 (P.L.374, No.176), referred to as the Investment Business Licensing Law.
(2) Imposition of fees under section 615-A of the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929.
(3) Administration of the act of December 5, 1972 (P.L.1280, No.284), known as the Pennsylvania Securities Act of 1972.
(4) Administration of the act of March 3, 1976 (P.L.42, No.19), known as the Takeover Disclosure Law.
(1112-A added July 2, 2012, P.L.814, No.86)
Compiler's Note: See section 8 of Act 86 of 2012 in the appendix to this act for special provisions relating to continuation of prior law.