§ 14-120. Untrue statements or omissions of material facts

Latest version.

In connection with an offer to sell or sale of a business opportunity, a person may not make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading.

HISTORY: An. Code 1957, art. 56, § 412; 1992, ch. 4, § 2; ch. 26, § 4; 1996, ch. 517.

                    
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