§514A-68  Misleading statements and
omissions.  No officer, agent, or employee of any company, and no other
person may knowingly authorize, direct, or aid in the publication,
advertisement, distribution, or circulation of any false statement or
representation concerning any project offered for sale or lease, and no person
may issue, circulate, publish, or distribute any advertisement, pamphlet,
prospectus, or letter concerning any project which contains any written
statement that is false or which contains an untrue statement of a material
fact or omits to state a material fact necessary in order to make the
statements therein made in the light of the circumstances under which they are
made not misleading. [L 1977, c 98, pt of §2]



 



Case Notes



 



  Proof of scienter not required.  588 F. Supp. 889.