2001 Alaska Statutes
Title 34 PROPERTY
Chapter 34.55. UNIFORM LAND SALES PRACTICES ACT
Sec. 34.55.006. Fraudulent and prohibited practices.
It is unlawful for a person, in connection with the offer, sale, or purchase of subdivided land directly or indirectly, to knowingly
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit a statement of a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person.
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