Section 34.55.006. Fraudulent and prohibited practices.

Latest version.

It is unlawful for a person, in connection with the offer, sale, or purchase of subdivided land directly or indirectly, to knowingly
        (1) employ a device, scheme, or artifice to defraud;
        (2) make an untrue statement of a material fact or omit a statement of a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
        (3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person.

Authorities

34.55.028;34.55.030

Notes

References

AS 34.55.028 Penalties.
AS 34.55.030 Civil remedy.

History

(Sec. 1 ch 138 SLA 1977)

                    
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