Public-domain · open source
OpenJurist

RCW 21.20.010

Unlawful offers, sales, purchases.

Known as the The Securities Act

The act spans §§ 21–21 (75 sections).

Applied in 101 court decisions — leading case 109 Wash. 2d 107 - Haberman v. Washington Public Power Supply System (1988)

Most recently applied in Fed. Home Loan Bank of Seattle v. Credit Suisse Sec. (USA) LLC (October 2019)

1959 c 282 s 1.

How often courts cite this section

19701980199020002010201990
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:

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

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

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