Agent's liability.

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An agent that violates sections 1-350 to 1-353b, inclusive, is liable to the principal or the principal's successors in interest for the amount required to:

(1) Restore the value of the principal's property to what it would have been had the violation not occurred; and

(2) Reimburse the principal or the principal's successors in interest for the reasonable attorney's fees and costs paid on the agent's behalf.

(P.A. 15-240, S. 17; P.A. 16-40, S. 9.)

History: P.A. 15-240 effective July 1, 2016; P.A. 16-40 changed effective date of P.A. 15-240, S. 17, from July 1, 2016, to October 1, 2016, effective May 27, 2016.


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