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(5) If the basis for relief under this section may have | | been a violation of section 16509, subsection 5, an offer | | to reimburse in cash the consideration paid for the | | advice and interest at the legal rate of interest from | | the date of payment; or |
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| | | (6) If the basis for relief under this section may have | | been a violation of section 16509, subsection 6, an | | offer to reimburse in cash the consideration paid for | | the advice, the amount of any actual damages that may | | have been caused by the conduct and interest at the | | legal rate of interest from the date of the violation | | causing the loss; |
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| | | B.__The offer under paragraph A states that it must be | | accepted by the purchaser, seller or recipient of investment | | advice within 30 days after the date of its receipt by the | | purchaser, seller or recipient of investment advice or any | | shorter period, of not less than 3 days, that the | | administrator, by order, specifies; |
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| | | C.__The offeror has the present ability to pay the amount | | offered or to tender the security under paragraph A; |
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| | | D.__The offer under paragraph A is delivered to the | | purchaser, seller or recipient of investment advice or sent | | in a manner that ensures receipt by the purchaser, seller or | | recipient of investment advice; and |
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| | | E.__The purchaser, seller or recipient of investment advice | | that accepts the offer under paragraph A in a record within | | the period specified under paragraph B is paid in accordance | | with the terms of the offer. |
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| | | 2.__Form of offer.__The administrator, by rule or order, may | | prescribe the form in which the information specified in | | subsection 1 must be contained in any offer made under subsection | | 1.__Rules adopted pursuant to this subsection are routine | | technical rules as defined in Title 5, chapter 375, subchapter 2- | | A. |
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| | | 3.__Statute of limitation tolled.__If an offer is not | | performed in accordance with its terms, suit by the offeree under | | section 16509 is permitted without regard to this section, and | | the statute of limitations tolls from the time of receipt of the | | offer until 120 days after the rescission or settlement offer was | | to have been performed. |
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| | | §16511.__Right to rescission applicable to sales of viatical or |
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