Revised Code of Washington
Chapter 21.30 - Commodity Transactions.
21.30.070 - Responsibility for acts or omissions—Liability—Burden of proof.

RCW 21.30.070
Responsibility for acts or omissions—Liability—Burden of proof.

(1) The act, omission, or failure of any official, agent, or other person acting for any individual, association, partnership, corporation, or trust within the scope of the person's employment or office shall be deemed the act, omission, or failure of such individual, association, partnership, corporation, or trust, as well as of such official, agent, or other person.
(2) Every person who directly or indirectly controls another person liable under any provision of this chapter, every partner, officer, or director of such other person, every person occupying a similar status or performing similar functions, every employee of such other person who materially aids in the violation is also liable jointly and severally with and to the same extent as such other person, unless the person who is also liable by virtue of this provision sustains the burden of proof that he or she did not know, and in exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist.

[ 1986 c 14 § 7.]

Structure Revised Code of Washington

Revised Code of Washington

Title 21 - Securities and Investments

Chapter 21.30 - Commodity Transactions.

21.30.005 - Intent.

21.30.010 - Definitions.

21.30.020 - Transactions involving commodity contract or option—Prohibition—Exceptions.

21.30.030 - Transactions conducted by certain persons exempt from prohibition under RCW 21.30.020.

21.30.040 - Transactions and contracts exempt from prohibition under RCW 21.30.020—Rules.

21.30.050 - Commodity merchants—Place for trading commodity contract or option—Requirements.

21.30.060 - Prohibited practices.

21.30.070 - Responsibility for acts or omissions—Liability—Burden of proof.

21.30.080 - Offers to sell or buy in this state—Application of RCW 21.30.020, 21.30.050, and 21.30.060.

21.30.090 - When publications or electronic communications not deemed offers to sell or buy in this state.

21.30.100 - Investigations—Statements—Publication of information.

21.30.107 - Subpoena authority—Application—Contents—Notice—Fees.

21.30.110 - Investigations—Evidence—Subpoenas—Court orders of compliance.

21.30.120 - Violations—Director's authority—Court actions—Penalties.

21.30.130 - Violations—Court-ordered remedies—Penalties—Bond by director not required.

21.30.140 - Willful violations—Penalty—Limitation on actions.

21.30.150 - No liability under chapter for act in good faith.

21.30.160 - Unlawful use or disclosure of information.

21.30.170 - Information—Availability to public—Exceptions.

21.30.180 - Cooperation with other agencies or organizations.

21.30.190 - Consent for service of process—Service, how made.

21.30.200 - Administrative proceedings—Summary order—Notice—Hearing—Final order.

21.30.210 - Application of chapter 34.05 RCW, the administrative procedure act.

21.30.220 - Pleading exemptions or exceptions—Burden of proof.

21.30.230 - Application for licensing.

21.30.240 - Fees.

21.30.250 - Examinations—Waiver.

21.30.260 - Expiration of licenses—Authority under commodity sales representative license—Notification of changes.

21.30.270 - Multiple licenses, when permitted.

21.30.280 - Classification of licenses—Limitations and conditions of licenses.

21.30.290 - Annual report and fee.

21.30.300 - Minimum net capital and fidelity bond requirements.

21.30.310 - Financial and other reports.

21.30.320 - Records.

21.30.330 - Correcting amendments of information in application or financial and other reports—Exception.

21.30.340 - Examination of records—Copies—Fees.

21.30.350 - Denial, suspension, revocation, or limitation of license—Grounds.

21.30.360 - Violations—Prosecuting attorney may bring criminal proceedings.

21.30.370 - Penalties in chapter nonexclusive.

21.30.380 - Administration of chapter under director of financial institutions.

21.30.390 - Administrator—Appointment—Delegation of duties—Term.

21.30.400 - Director's powers and duties—Rules, forms, and orders—Fees.

21.30.800 - Securities laws not affected.

21.30.810 - Construction and purpose.

21.30.901 - Effective date—1986 c 14.