---
title: O.C.G.A. § 10-5-50. Unlawful practices with offer, sale, or purchase of security.
collection: code
id: 10-5-50
cite_as: O.C.G.A. § 10-5-50 (2025)
canonical_url: https://georgiacommons.org/code/10-5-50
md_url: https://georgiacommons.org/code/10-5-50.md
text_url: https://georgiacommons.org/code/10-5-50/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=808
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/10-5.md
previous: https://georgiacommons.org/code/10-5-41.md
next: https://georgiacommons.org/code/10-5-51.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / GEORGIA UNIFORM SECURITIES / VIOLATIONS, PENALTIES, AND CIVIL LIABILITY
---

# O.C.G.A. § 10-5-50. Unlawful practices with offer, sale, or purchase of security.

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 statement made, in the light of the circumstances under which it is 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.

## History

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