Mich. Comp. Laws § 451.2507

Current through Public Act 151 of the 2024 Legislative Session
Section 451.2507 - Immunity from liability

A broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative is not liable to another broker-dealer, agent, investment adviser, federal covered investment adviser, or investment adviser representative for defamation relating to a statement that is contained in a record required by the administrator, or designee of the administrator, the securities and exchange commission, or a self-regulatory organization, unless the person knew, or should have known at the time that the statement was made, that it was false in a material respect or the person acted in reckless disregard of the statement's truth or falsity.

MCL 451.2507

Added by 2008, Act 551,s 39 , eff. 10/1/2009.