Civil liability

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§1399. Civil liability

1.  Claim on bonds, deposits or letters of credit.  The administrator may file a claim on behalf of any client or clients on the bonds, deposits or letters of credit described in section 1397, subsection 1 to recover the damages as a result of financial loss or damages by reason of the failure of an exchange facilitator to comply with this chapter.  

[PL 2009, c. 61, §1 (NEW).]

2.  Civil action.  A person may bring a civil action in a court of competent jurisdiction against an exchange facilitator for any violation of this chapter.  

[PL 2009, c. 61, §1 (NEW).]

SECTION HISTORY

PL 2009, c. 61, §1 (NEW).


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