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Utah Code § 61-1-1

Fraud unlawful

Known as the Utah Uniform Securities Act

The act spans §§ 61-1-1 to 61-1-9 (58 sections).

Applied in 39 court decisions — leading case State v. Larsen (1993)

Most recently applied in v. Arapahoe Cnty. Court (July 2020)

Amended by Chapter 284, 1983 General Session

How often courts cite this section

1986199020002010202030
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 any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:

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

(2) make any 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 are made, not misleading; or

(3) engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

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