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

WA Rev Code § 21.20.135 (2019) (N/A)
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RCW 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.