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- AThe consent is no longer valid once the agent leaves the firm.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