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V-1.1 - Securities Act

Section 191
Disposition versions

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191. In addition to the adviser, the following persons are deemed to have knowledge of the investment program of an adviser who manages a portfolio, if they participate in formulating his investment decisions or his recommendations to the client for whom he manages the portfolio, or learn of them before they are implemented:
(1)  every partner of the adviser;
(2)  every legal person that is an affiliate of the adviser;
(3)  every officer or director of the adviser or of a legal person that is an affiliate of the adviser;
(4)  every member of the personnel of the adviser or of a legal person that is an affiliate of the adviser.
1982, c. 48, s. 191; 2006, c. 50, s. 60, s. 111; 2009, c. 25, s. 34.
191. In addition to the adviser, the following persons are deemed to have knowledge of the investment program of an adviser who is a portfolio manager, if they participate in formulating his investment decisions or his recommendations to the client for whom he manages the portfolio, or learn of them before they are implemented:
(1)  every partner of the adviser;
(2)  every legal person that is an affiliate of the adviser;
(3)  every officer or director of the adviser or of a legal person that is an affiliate of the adviser;
(4)  every member of the personnel of the adviser or of a legal person that is an affiliate of the adviser.
1982, c. 48, s. 191; 2006, c. 50, s. 60, s. 111.
191. In addition to the adviser, the following persons are deemed to have knowledge of the investment program of an adviser who is a portfolio manager, if they participate in formulating his investment decisions or his recommendations to the client for whom he manages the portfolio, or learn of them before they are implemented:
(1)  every partner of the adviser;
(2)  every legal person that is an affiliate of the adviser;
(3)  every senior executive of the adviser or of a legal person that is an affiliate of the adviser;
(4)  every member of the personnel of the adviser or of a legal person that is an affiliate of the adviser.
1982, c. 48, s. 191.
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