2011 California Code
Corporations Code
TITLE 4. SECURITIES [25000 - 31516]
PART 5. FRAUDULENT AND PROHIBITED PRACTICES
Section 25401


CA Corp Code § 25401 (through 2012 Leg Sess) What's This?

It is unlawful for any person to offer or sell a security in this state or buy or offer to buy a security in this state by means of any written or oral communication which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.

(Added by Stats. 1968, Ch. 88.)

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