Indiana § 23-2-2.5-27 Fraud or deceit unlawful

Indiana Statutes

§ 23-2-2.5-27 — Fraud or deceit unlawful

Indiana § 23-2-2.5-27

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 2SECURITIES AND FRANCHISES

Ch. 2.5Franchises

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Bluebook

Ind. Code § 23-2-2.5-27 (2026).

Text

It is unlawful for any person in connection with the offer, sale or purchase of any franchise, or in any filing made with the commissioner, directly or indirectly:

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

(2)to make any untrue statements of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of circumstances under which they are made, not misleading; or (3) to engage in any act which operates or would operate as a fraud or deceit upon any person. Formerly: Acts 1975, P.L.262, SEC.1.

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It is unlawful for any person in connection
with the offer, sale or purchase of any franchise, or in any filing made
with the commissioner, directly or indirectly: (1) to employ any device,
scheme or artifice to defraud; (2) to make any untrue statements of a
material fact or to omit to state a material fact necessary in order to
make the statements made, in the light of circumstances under which
they are made, not misleading; or (3) to engage in any act which
operates or would operate as a fraud or deceit upon any person.
Formerly: Acts 1975, P.L.262, SEC.1.