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154.20.279 Limitation of liability for the Commonwealth and its agents.

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154.20-279 Limitation of liability for the Commonwealth and its agents. The Commonwealth, the authority, or any officer, director, official, employee, or agent of <br>the Commonwealth or the authority shall not be liable to any investor, investment fund, <br>or investment fund manager as a result of KRS 154.20-250 to 154.20-284, or any of the <br>activities authorized by KRS 154.20-250 to 154.20-284. This limitation of liability <br>includes, without limitation: <br>(1) Losses or damages investors incur in connection with any committed or contributed cash contributions made to an investment fund or any qualified investments made <br>by an investment fund in small businesses; and (2) Any claim, liability, obligation, loss, damage, assessment, judgment, cost, and expense of any kind or character relating to federal or state securities laws, rules, <br>regulations, or orders. Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 230, sec. 26, effective July 15, 2002. -- Created 1998 Ky. Acts ch. 414, sec. 12, effective July 15, 1998.