NRS 90.570

Offer, sale and purchase

Known as the Uniform Securities Act

The act spans §§ 90–90 (122 sections).

Applied in 13 court decisions — leading case 1 F. Supp. 2d 1096 - In Re Stratosphere Corp. Securities Litigation (1998)

Most recently applied in Thomas McDonald v. Steven Palacios (January 2018)

(Added to NRS by 1987, 2178; A 1989, 160)

How often courts cite this section

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.

In connection with the offer to sell, sale, offer to purchase or purchase of a security, a person shall not, directly or indirectly:

1. Employ any device, scheme or artifice to defraud;

2. Make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made not misleading in the light of the circumstances under which they are made; or

3. Engage in an act, practice or course of business which operates or would operate as a fraud or deceit upon a person.

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