(1) The purpose of these rules is to set forth:

(a) the procedures for allocating money from the Securities Restitution Fund to the victims of securities fraud in Montana;

(b) the procedures that victims shall use to apply for compensation from the fund;

(c) the composition of a recommendation committee and its operating procedures; and

(d) the method for calculating what percentage of money a victim shall be eligible for when the fund approaches zero.

History: 30-10-1008, MCA; IMP, 30-10-1006, MCA; NEW, 2012 MAR p. 1140, Eff. 6/8/12.