Connecticut § 36b-69 (Formerly Sec. 36-512). Registration does not imply approval.

Connecticut Statutes

§ 36b-69 — (Formerly Sec. 36-512). Registration does not imply approval.

Connecticut·Title 36b Connecticut Securities Law and Business Opportunity Investment Act·Ch. 672c Business Opportunity Investment Act

(a)The fact that an application for registration under section 36b-62 has been filed or the fact that a business opportunity is effectively registered shall not constitute a finding by the commissioner that any document filed under sections 36b-60 to 36b-80, inclusive, is true, complete and not misleading. No such fact shall mean that said commissioner has passed in any way upon the merits of, or recommended or given approval to any business opportunity.

(b)No person shall make or cause to be made any representation inconsistent with subsection (a) of this section to any prospective purchaser-investor.

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(a) The fact that an application for registration under section 36b-62 has been filed or the fact that a business opportunity is effectively registered shall not constitute a finding by the commissioner that any document filed under sections 36b-60 to 36b-80, inclusive, is true, complete and not misleading. No such fact shall mean that said commissioner has passed in any way upon the merits of, or recommended or given approval to any business opportunity. (b) No person shall make or cause to be made any representation inconsistent with subsection (a) of this section to any prospective purchaser-investor.

Connecticut § 36b-69 ((Formerly Sec. 36-512). Registration does not imply approval.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 79-458, S. 10, 19; P.A. 97-22, S. 14.) History: Sec. 36-512 transferred to Sec. 36b-69 in 1995; P.A. 97-22 made a technical change in Subsec. (a).