It is unlawful 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 chapter, 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 to make the statement made, in the light of the circumstances under which it was made, not false or misleading.
Idaho Code § 30-14-505
Misleading filings
Known as the Uniform Securities Act
The act spans §§ 30-14-101 to 30-14-703 (54 sections).
I.C., § 30-14 -505, as added by 2004, ch. 45, § 2, p. 169.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.