California Corporations Code

§ 27101

CORP § 27101 Effective Jan 1, 1997Div. 2 · Title 4 · Ch. 2

Statute text

It is unlawful for any individual, directly or indirectly, in connection with the solicitation, receipt, or collection of, or solicitation of any subscription or contract to pay any contributions, fees, funds, or compensation of any kind, from any owner or holder of any security, for the purpose of protecting, enforcing, or representing the rights of the security owners or holders evidenced by the security, to do any of the following:

(a)Employ any device, scheme, or artifice to defraud.

(b)By means of any written or oral communication, 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 were made, not misleading.

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Legislative history

Repealed and added by Stats. 1996, Ch. 458, Sec. 9. Effective January 1, 1997.