Immunity for delaying disbursements

  1. Law
  2. Maine Revised Statutes
  3. PROFESSIONS AND OCCUPATIONS
  4. MAINE UNIFORM SECURITIES ACT
  5. PROTECTION OF VULNERABLE ADULTS FROM FINANCIAL EXPLOITATION
  6. Immunity for delaying disbursements

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§16807. Immunity for delaying disbursements

A broker-dealer or investment adviser that in good faith and exercising reasonable care complies with section 16806 is immune from any administrative or civil liability that might otherwise arise from a delay in a disbursement in accordance with section 16806.   [PL 2019, c. 17, §1 (NEW).]

SECTION HISTORY

PL 2019, c. 17, §1 (NEW).


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