South Dakota § 47-31B-501 General fraud.

South Dakota Statutes

§ 47-31B-501 — General fraud.

South Dakota·Title 47 CORPORATIONS·Ch. 47-31B UNIFORM SECURITIES ACT OF 2002

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 Dakota § 47-31B-501 (General fraud.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.