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2012 Kansas Statutes
Chapter 17 CORPORATIONS
Article 12a UNIFORM SECURITIES ACT
Section 17-12a-501 General fraud.
Universal Citation:
KS Stat § 17-12a-501 (2012)
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17-12a501. General fraud. 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 omit to state a material fact necessary in order to make a 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.
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