Lucky the Banker mascotLTB
Series 63: Remedies & Administrative Provisions
Series 63 practice questionhardConsent to Service—Multiple Registrations and Successor Liability

A William Blair junior banker transferred registration from State L to State M mid-year, then is sued for acts committed in State L while registered there. Which of the following is TRUE regarding the consent to service?

  1. AA new consent must be filed in State L before a suit can be served.
  2. BThe original consent to service in State L continues to permit action for acts committed while registered.✓ Correct answer
  3. COnly State M’s consent to service is relevant after transfer.
  4. DThe suit must be filed in federal court due to the change in registration.
Explanation

Why BThe original consent to service in State L continues to permit action for acts committed while registered.

B is correct: The original consent remains effective for all acts during the period of registration (USA §414). A, C, and D are false; the consent persists and state jurisdiction is proper.

Turn it into reps

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 1,051+ Series 63 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

Spot an error in this question or explanation? Tell us — we fix these fast.

Related Remedies & Administrative Provisions questions