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