As Amended
SEC. 75-71-117. Unlawful representations concerning registration or exemption.
(a) Neither (1) the fact that an application for registration under Article 5 of this chapter or a registration statement under Article 7 of this chapter has been filed nor (2) the fact that a person or security is effectively registered constitutes a finding by the secretary of state that any document filed under this chapter is true, complete and not misleading. Neither any such fact nor the fact that an exemption or exception is available for a security or a transaction means that the secretary of state has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, security or transaction.
(b) It is unlawful to make, or cause to be made, to any prospective purchaser, customer, or client any representation inconsistent with subsection (a) of this section.
SOURCES: Laws, 1981, ch. 521, Sec. 405, eff from and after July 1, 1981.