409.5-507. Qualified immunity.
Qualified immunity.
409.5-507. A broker-dealer, agent, investment adviser, federalcovered investment adviser, or investment adviser representative is notliable to another broker-dealer, agent, investment adviser, federal coveredinvestment adviser, or investment adviser representative for defamationrelating to a statement that is contained in a record required by thecommissioner, or designee of the commissioner, the Securities and ExchangeCommission, or a self-regulatory organization, unless the person knew, orshould have known at the time that the statement was made, that it wasfalse in a material respect or the person acted in reckless disregard ofthe statement's truth or falsity.
(L. 2003 H.B. 380)Effective 9-01-03