RCW 21.20.135: License as salesperson or broker-dealer prerequisite to suit for commission.

RCWs > Title 21 > Chapter 21.20 > Section 21.20.135

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

21.20.130 << 21.20.135 >> 21.20.140

PDFRCW 21.20.135

License as salesperson or broker-dealer prerequisite to suit for commission.

No suit or action shall be brought for the collection of a commission for the sale of a security, as defined within this chapter without alleging and proving that the plaintiff was a duly licensed salesperson for an issuer or a broker-dealer, or exempt under the provisions of RCW 21.20.040, or a duly licensed broker-dealer in this state or another state at the time the alleged cause of action arose.

[ 1979 ex.s. c 68 § 10; 1974 ex.s. c 77 § 3; 1961 c 37 § 10.]

NOTES:

Effective date—1974 ex.s. c 77: See note following RCW 21.20.040.