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Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 5. GEORGIA UNIFORM SECURITIES · Article 5. VIOLATIONS, PENALTIES, AND CIVIL LIABILITY

10-5-50. Unlawful practices with offer, sale, or purchase of security.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

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

  2. (1)

    To employ a device, scheme, or artifice to defraud;#

  3. (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 it is made, not misleading; or#

  4. (3)

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

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-5-50, enacted by Ga. L. 2008, p. 381, § 1/SB 358.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 808; merge action: carried; file SHA-256 7afbade16da7.