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Series 63: Remedies & Administrative Provisions
Series 63 practice questionmediumConsent—Continuing Jurisdiction

A registered agent in State S leaves William Blair and is sued two years later for actions taken while registered. Under the USA, what effect does the original consent to service have?

  1. AThe consent is no longer valid once the agent leaves the firm.
  2. BThe consent remains effective for all actions arising from the period of registration.✓ Correct answer
  3. CThe consent must be renewed annually to remain in effect.
  4. DThe Administrator must obtain a new consent to proceed.
Explanation

Why BThe consent remains effective for all actions arising from the period of registration.

B is correct: The USA §414 provides that the original consent survives termination and covers actions arising while registered. A, C, and D are incorrect; the consent is not time-limited or renewable.

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