State Codes and Statutes
Statutes > Maryland > Business-regulation > Title-14 > Subtitle-1 > 14-127§ 14-127. False or misleading statement or omission of material fact.
(a) Prohibited act.- A person who sells a business opportunity may not, in a disclosure statement or amendment to it, willfully make a false or misleading statement of a material fact or willfully omit to state a material fact required or necessary to make the statements in a disclosure statement not misleading.
(b) Penalty.- A person who violates this section is guilty of a felony and, on conviction, is subject for each violation to a fine not exceeding $10,000 or imprisonment not exceeding 5 years or both.
[An. Code 1957, art. 56, § 415; 1992, ch. 4, § 2; ch. 26, § 4; 1996, ch. 517.]
