Records kept by broker remitting immediately to principal.

Checkout our iOS App for a better way to browser and research.

36-21A-83. Records kept by broker remitting immediately to principal.

A responsible broker who remits immediately to the principal all money received by the responsible broker belonging to the principal without using a trust account shall maintain for at least four years the records that completely disclose all financial dealings between the principal and the responsible broker.

Source: SL 1992, ch 273, §83; SL 2013, ch 177, §31.


Download our app to see the most-to-date content.