§ 71-641. Fraud - Penalty.  


Latest version.
  • It is unlawful for any subdivider, agent, or affiliate of either, in connection with the offer or disposition in this state of any subdivided land, 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 light of the circumstances under which they were made, not misleading; or

    3.  Engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person.

Added by Laws 1977, c. 95, § 641.