South Carolina § 35-1-501 General fraud.

South Carolina Statutes

§ 35-1-501 — General fraud.

South Carolina·Title 35 SECURITIES·Ch. 1 SOUTH CAROLINA UNIFORM SECURITIES ACT OF 2005

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 statements made, in 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.

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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) 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 statements made, in 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.

South Carolina § 35-1-501 (General fraud.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.