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KRS 292.530

Purpose of chapter

Known as the Securities Act

The act spans §§ 292–292 (93 sections).

Applied in 8 court decisions — leading case Herm v. Stafford (1981)

Most recently applied in Rosen v. Commonwealth, Public Protection Cabinet, Department of Financial Institutions (May 2014)

Effective: July 15, 2010 History: Amended 2010 Ky

How often courts cite this section

19771980199020002010201420
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(1) The purpose of this chapter is to:

(a) Protect investors by preventing investment fraud and related illegal conduct or, if this fraud or illegal conduct has already occurred, remedying, where possible, the harm done to investors through active implementation and application of this chapter's enforcement powers;

(b) Educate the investing public as to the best methods for making informed investment choices; and (c) Assist companies in their legitimate attempts to raise capital and transact in securities in Kentucky.

(2) In addition, this chapter shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it and to coordinate the interpretation and administration of this chapter with the related federal regulation.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.