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W. Va. Code § 32-1-101

Sales and purchases

Known as the Uniform Securities Act

The act spans §§ 32–32 (33 sections).

Applied in 5 court decisions — leading case 171 W. Va. 137 - State v. Fairchild (1982)

Most recently applied in Kosnoski v. R Howley (September 1992)

How often courts cite this section

19821990199220
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: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.