Neither the fact that an application for registration under RCW 21.20.050, a registration statement under RCW 21.20.180 or 21.20.210 has been filed, nor the fact that a person or security is effectively registered, constitutes a finding by the director that any document filed under this chapter is true, complete, and not misleading. Neither any such fact nor the fact that an exemption or exception is available for a security or a transaction means that the director has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, security, or transaction. It is unlawful to make, or cause to be made, to any prospective purchaser, customer, or client any representation inconsistent with this section.
RCW 21.20.360
Filing, registration, statement, exemption not conclusive as to truth or completeness—Unlawful representations.
Known as the The Securities Act
The act spans §§ 21–21 (75 sections).
Applied in 6 court decisions — leading case 108 Wash. 2d 262 - Bailey v. Town of Forks (1988)
Most recently applied in Halleran v. Nu West, Inc. (September 2004)
2016 c 61 s 11; 1975 1st ex.s. c 84 s 21; 1959 c 282 s 36.
How often courts cite this section
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.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.