A broker-dealer or investment adviser who, acting reasonably and in good faith, complies with section 502.806 shall be immune from any administrative or civil liability that might otherwise arise from such delay in a disbursement or transaction.
Iowa Code § 502.807
Disbursements or transactions — delay — immunity
Known as the Iowa Uniform Securities Act
The act spans §§ 502–502 (79 sections).
2021 Acts, ch 137, §9
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.