Kan. Stat. Ann. § 17-12a501
General fraud
Kansas · Kansas Statutes Annotated Chapter 17 — Corporations · Status: effective
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- Citation
- Kan. Stat. Ann. § 17-12a501, General fraud, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2438433
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Full text
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.