{"data":{"id":"us-md/md.-code-corporations-and-associations-11-301","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 11–301","heading":"","body":"It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:\n(1) Employ any device, scheme, or artifice to defraud;\n(2) Make any untrue statement of a material fact or 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\n(3) Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit on any person.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=11-301","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"d05ee6d75c45c107512764ca731baefe82e0cf953414ad6abfaffde344ebb714","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-11-209","next":"us-md/md.-code-corporations-and-associations-11-302"},"notice":"GroundRules: Original legal text. Not legal advice."}