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2019 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11 Rhode Island Uniform Securities Act
Section 7-11-707 Good faith reliance.
Universal Citation: RI Gen L § 7-11-707 (2019)
§ 7-11-707. Good faith reliance.
No provision of this chapter imposing liability applies to an act done or omitted in good faith in conformity with:
(1) A rule or order adopted by the director, notwithstanding that the rule or order is later amended, repealed, or determined by judicial or other authority to be invalid; or
(2) A declaratory order or ruling issued by the director under § 7-11-706.
History of Section.
(P.L. 1990, ch. 460, § 2; P.L. 1991, ch. 69, § 1.)
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