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Miss. Code Ann. § 75-71-501

General fraud

Known as the Mississippi Securities Act

The act spans §§ 75–75 (61 sections).

Applied in 3 court decisions — leading case Harrington v. Office of the Mississippi Secretary of State (2013)

Most recently applied in Watkins Development, LLC v. C. Delbert Hosemann, Jr. (March 2017)

Laws, 2009, ch. 528, § 1, eff from and after Jan. 1, 2010.

How often courts cite this section

2013201710
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.

It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:

(1) To employ a device, scheme, or artifice to defraud;

(2) To make an 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 were made, not misleading; or

(3) To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.