2020 Maryland Statutes
Corporations and Associations
Title 11 - Maryland Securities Act
Subtitle 3 - Fraudulent and Other Prohibited Practices
Section 11-301 - Offers, Sales, or Purchases

Universal Citation:
MD. Corporations and Associations Code Ann. § 11-301 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:

        (1)    Employ any device, scheme, or artifice to defraud;

        (2)    Make any untrue statement of a material fact or omit to state 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 any act, practice, or course of business which operates or would operate as a fraud or deceit on any person.

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