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Chapter 80A
Section 80A.74
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Recent History
This is an historical version of this statute chapter. Also view the most recent published version.
80A.74 SECTION 507; QUALIFIED IMMUNITY.
A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment
adviser representative is not liable to another broker-dealer, agent, investment adviser, federal
covered investment adviser, or investment adviser representative for defamation relating to
a statement that is contained in a record required by the administrator, or designee of the
administrator, the Securities and Exchange Commission, or a self-regulatory organization, unless
the person knew, or should have known at the time that the statement was made, that is was false
in a material respect or the person acted in reckless disregard of the statement's truth or falsity.
History: 2006 c 196 art 1 s 34
NOTE: This section, as added by Laws 2006, chapter 196, article 1, section 34, is effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment
adviser representative is not liable to another broker-dealer, agent, investment adviser, federal
covered investment adviser, or investment adviser representative for defamation relating to
a statement that is contained in a record required by the administrator, or designee of the
administrator, the Securities and Exchange Commission, or a self-regulatory organization, unless
the person knew, or should have known at the time that the statement was made, that is was false
in a material respect or the person acted in reckless disregard of the statement's truth or falsity.
History: 2006 c 196 art 1 s 34
NOTE: This section, as added by Laws 2006, chapter 196, article 1, section 34, is effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
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Revisor of Statutes