Sec. 47-110. Remedy of buyers.
141 words·~1 min read·
/ct/title-47/chapter-826-real-estate-syndicates/47-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person who violates section 47-98 or 47-106 shall be liable to any person acquiring from him the real estate syndicate security sold in violation of such section, who may sue to recover the consideration paid for such real estate syndicate security with interest thereon at the legal rate, less the amount of any income received therefrom, upon the tender of such real estate syndicate security, or for damages, if he no longer owns the real estate syndicate security, equal to the difference between
(a)his purchase price plus interest at the legal rate from the date of purchase and
(b)the value of the real estate syndicate security at the time it was disposed of by the plaintiff plus the amount of any income received therefrom by the plaintiff, together with such other relief as the court may deem proper.