{"data":{"id":"us-sd/sdcl-47-31b-507","jurisdiction":"us-sd","citation":"SDCL § 47-31B-507","heading":"Qualified immunity.","body":"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 director, or designee of the director, 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.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-31B. UNIFORM SECURITIES ACT OF 2002"],"source_url":"https://sdlegislature.gov/Statutes/47-31B-507","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"a116e440cefbc8a302e3f944057149e1cedcb094cfaf89de7bde6163501a0ccc","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-31b-506","next":"us-sd/sdcl-47-31b-508"},"notice":"GroundRules: Original legal text. Not legal advice."}