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S.C. Code Ann. § 35-1-505

Misleading filings

Known as the South Carolina Uniform Securities Act

The act spans §§ 35–35 (62 sections).

2005 Act No. 110, SECTION 1, eff January 1, 2006.

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.

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