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V-1.1 - Securities Act

Section 225.21
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225.21. For the purposes of sections 225.9 and 225.10, a defendant other than the person who made the public oral statement may defeat an action by proving that the defendant did not become, or should not reasonably have become, aware of the misrepresentation before the plaintiff acquired or disposed of the issuer’s securities and by proving that the person who made the public oral statement had no authority other than apparent authority to do so.
2007, c. 15, s. 11.
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