N.D. Cent. Code § 10-04-08.3
This is the official text of N.D. Cent. Code § 10-04-08.3, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-04-08.3. Unlawful representations concerning registration or exemption
Official statutory text
10-04-08.3. Unlawful representations concerning registration or exemption
1. Neither the fact that an application for approval under section 10-04-05 or 10-04-06 or
registration under section 10-04-07.1, 10-04-07.2, 10-04-08, or 10-04-10 or a notice
filing under section 10-04-08.4 has been filed nor the fact that a security or person is
effectively approved or registered constitutes a finding by the commissioner 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 commissioner has passed in any way upon the merits or
qualifications of, or recommended or given approval to, any security, transaction, or
person.
2. It is unlawful to make, or cause to be made, to any prospective purchaser, customer,
or client any representation inconsistent with subsection 1.
1. Neither the fact that an application for approval under section 10-04-05 or 10-04-06 or
registration under section 10-04-07.1, 10-04-07.2, 10-04-08, or 10-04-10 or a notice
filing under section 10-04-08.4 has been filed nor the fact that a security or person is
effectively approved or registered constitutes a finding by the commissioner 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 commissioner has passed in any way upon the merits or
qualifications of, or recommended or given approval to, any security, transaction, or
person.
2. It is unlawful to make, or cause to be made, to any prospective purchaser, customer,
or client any representation inconsistent with subsection 1.
Status: in_force · Read it on the official government site
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