Maine § 32 §16501 General fraud

Maine Statutes

§ 32 §16501 — General fraud

Maine § 32 §16501

Title 32PROFESSIONS AND OCCUPATIONS

Ch. 135MAINE UNIFORM SECURITIES ACT

This text of Maine § 32 §16501 (General fraud) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 32, § 32 §16501 (2026).

Text

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

1.Device, scheme, artifice. To employ a device, scheme or artifice to defraud;

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

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

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