Indiana § 23-19-5-1 Fraudulent or deceitful acts

Indiana Statutes

§ 23-19-5-1 — Fraudulent or deceitful acts

Indiana § 23-19-5-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 19INDIANA UNIFORM SECURITIES ACT

Ch. 5Fraud and Liabilities

This text of Indiana § 23-19-5-1 (Fraudulent or deceitful acts) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-19-5-1 (2026).

Text

It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:

(1)to employ a device, scheme, or artifice to defraud;

(2)to make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which they were made, not misleading; or

(3)to engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.

Free access — add to your briefcase to read the full text and ask questions with AI

It is unlawful for a person, in connection with
the offer, sale, or purchase of a security, directly or indirectly:
(1) to employ a device, scheme, or artifice to defraud;
(2) to make an untrue statement of a material fact or to omit to
state a material fact necessary in order to make the statement
made, in the light of the circumstances under which they were
made, not misleading; or
(3) to engage in an act, practice, or course of business that
operates or would operate as a fraud or deceit upon another
person.