Arkansas § 4-72-207 - Misleading and fraudulent schemes — Penalty — Prosecutions.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-72-207 — Misleading and fraudulent schemes — Penalty — Prosecutions., with citation guidance and answers to common questions.
§ 4-72-207. Misleading and fraudulent schemes — Penalty — Prosecutions.
It shall be unlawful for any person, directly or indirectly, in connection with the offer, sale, purchase, transfer, or assignment of any franchise in this state to knowingly: Employ any device, scheme, or artifice to defraud; Make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading; or Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person. Any violation of this section shall be a Class B felony. Prosecutions for offenses committed in violation of this section must be commenced within five (5) years from the date of the crime or within five (5) years from the date of the commission of the last overt act in furtherance of the scheme to defraud.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-72-207
What does Arkansas Code of 1987 Annotated § 4-72-207 cover?
Section 4-72-207 ("Misleading and fraudulent schemes — Penalty — Prosecutions.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 4-72-207?
A common citation format is "Arkansas Code of 1987 Annotated § 4-72-207" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-72-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.