§71-1-505. Misleading filings.
124 words·~1 min read·
/ok/title-71-securities/71-1-505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is unlawful and shall be deemed a Class C2 felony offense for a person to make or cause to be made, in a record that is used in an action or proceeding or filed under this act, a statement that, at the time and in the light of the circumstances under which it is made, is false or misleading in a material respect, or, in connection with the statement, to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it was made, not false or misleading. Added by Laws 2003, c. 347, § 33, eff. July 1, 2004. Amended by Laws 2025, c. 486, § 293, eff. Jan. 1, 2026.