There is a newer version of the South Carolina Code of Laws
2012 South Carolina Code of Laws
Title 35 - Securities
Chapter 1 - SOUTH CAROLINA UNIFORM SECURITIES ACT OF 2005
Section 35-1-507 - Qualified immunity.
SC Code § 35-1-507 (2012) What's This?
A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative for defamation relating to a statement that is contained in a record required by the Securities Commissioner, or designee of the Securities Commissioner, the Securities and Exchange Commission, or a self-regulatory organization, unless the person knew, or should have known at the time that the statement was made, that it was false in a material respect or the person acted in reckless disregard of the statement's truth or falsity.
HISTORY: 2005 Act No. 110, Section 1, eff January 1, 2006.
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