§71-819. Fraud or deceit unlawful.
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/ok/title-71-securities/71-819·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 any person, in connection with the offer or sale of any business opportunity in this state, directly or indirectly:
1. To employ any device, scheme or artifice to defraud;
2. To make any untrue statement of a material fact or to omit to state 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. To engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person. Added by Laws 1985, c. 157, § 19, eff. Nov. 1, 1985. Amended by Laws 2025, c. 486, § 301, eff. Jan. 1, 2026.