South Carolina Statutes

§ 35-1-507 — Qualified immunity.

South Carolina § 35-1-507
JurisdictionSouth Carolina
Title 35SECURITIES
Ch. 1SOUTH CAROLINA UNIFORM SECURITIES ACT OF 2005

This text of South Carolina § 35-1-507 (Qualified immunity.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.C. Code Ann. § 35-1-507 (2026).

Text

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 Securities Commissioner, or designee of the Securities Commissioner, 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.

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Legislative History

HISTORY: 2005 Act No. 110, SECTION 1, eff January 1, 2006.

Nearby Sections

15
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Bluebook (online)
South Carolina § 35-1-507, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/1/35-1-507.