There is a newer version
of
this Section
2019 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11 Rhode Island Uniform Securities Act
Section 7-11-501 Offers, sales, and purchases.
Universal Citation: RI Gen L § 7-11-501 (2019)
§ 7-11-501. Offers, sales, and purchases.
In connection with the offer to sell, sale, offer to purchase, or purchase of a security, a person may not, directly or indirectly:
(1) Employ a device, scheme, or artifice to defraud;
(2) Make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statement 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 on a person.
History of Section.
(P.L. 1990, ch. 460, § 2.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
