A broker-dealer or investment adviser that, in exercising reasonable care, complies with Section 5 [58-13D-5 NMSA 1978] of the Protecting Vulnerable Adults from Financial Exploitation Act and has completed the training required pursuant to Section 7 [58-13D-7 NMSA 1978] of that act, shall be immune from any administrative or civil liability that might otherwise arise from such delay in a disbursement or transaction in accordance with this section.
History: Laws 2017, ch. 106, § 6.
Effective dates. — Laws 2017, ch. 106, § 9 made Laws 2017, ch. 106, § 6 effective July 1, 2017.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 13D - Protecting Vulnerable Adults from Financial Exploitation
Section 58-13D-1 - Short title.
Section 58-13D-2 - Definitions.
Section 58-13D-3 - Third-party and agency disclosure.
Section 58-13D-4 - Immunity for disclosures.
Section 58-13D-5 - Delaying disbursements or transactions.
Section 58-13D-6 - Immunity for delaying disbursements or transactions.