Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
80A.68 SECTION 501; GENERAL FRAUD.
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 to 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.
History: 2006 c 196 art 1 s 28
NOTE: This section, as added by Laws 2006, chapter 196, article 1, section 28, is effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
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 to 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.
History: 2006 c 196 art 1 s 28
NOTE: This section, as added by Laws 2006, chapter 196, article 1, section 28, is effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.
Official Publication of the State of Minnesota
Revisor of Statutes