A broker-dealer or investment adviser that, in exercising reasonable care, complies with Section 5 [ 58-13D-5 NMSA 1978] of the Protecting Vulnerable Adults from Financial Exploitation Act and has completed the training required pursuant to Section 7 [ 58-13D-7 NMSA 1978] of that act, shall be immune from any administrative or civil liability that might otherwise arise from such delay in a disbursement or transaction in accordance with this section.
§ 58-13D-6 NMSA 1978
Immunity for delaying disbursements or transactions
Known as the Protecting Vulnerable Adults from Financial Exploitation Act
The act spans §§ 58–58 (8 sections).
Laws 2017, ch. 106, § 6.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.