Title 7
Corporations, Associations, and Partnerships
Chapter 11
Rhode Island Uniform Securities Act
Part VII
Administration
R.I. Gen. Laws § 7-11-707
§ 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(1) A rule or order adopted by the director, notwithstanding that the rule or order is later amended, repealed, or determined by judicial or other authority to be invalid; or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.