§ 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(1) A rule or order adopted by the director, notwithstanding that the rule or order is later amended, repealed, or determined by judicial or other authority to be invalid; or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.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11 - Rhode Island Uniform Securities Act
Section 7-11-701. - Administration.
Section 7-11-702. - Prohibitions on use of information.
Section 7-11-703. - Public information — Confidentiality.
Section 7-11-704. - Cooperation with other agencies.
Section 7-11-705. - Rules, forms, and orders.
Section 7-11-706. - Declaratory orders and rulings.
Section 7-11-707. - Good faith reliance.
Section 7-11-708. - Consent to service of process.
Section 7-11-709. - Administrative files and records.
Section 7-11-710. - Administrative proceedings.
Section 7-11-711. - Provisions applicable to administrative proceedings.