Florida Statutes 516.221 – Liability when acting upon order, declaratory statement, or rule
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 516.221
- Commission: means the Financial Services Commission. See Florida Statutes 516.01
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Licensee: means a person to whom a license is issued. See Florida Statutes 516.01
- Office: means the Office of Financial Regulation of the commission. See Florida Statutes 516.01
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
No person or licensee hereunder shall be deemed to be in violation of this chapter nor shall such person or licensee be subject to any civil or criminal liability for any act or omission to act in good faith in reliance upon a subsisting order, declaratory statement, or rule issued by the office or commission, notwithstanding a subsequent decision by a court of competent jurisdiction invalidating the order, declaratory statement, or rule.