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(1) A rule or order adopted by the director, notwithstanding that the rule or order is later amended, repealed, or determined by judicial or other authority to be invalid; or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.