North Dakota § 10-04-15 - Fraudulent practices
Full text of North Dakota North Dakota Century Code § 10-04-15 — Fraudulent practices, with citation guidance and answers to common questions.
§ 10-04-15. Fraudulent practices
It shall be a fraudulent practice and it shall be unlawful: 1. For any person knowingly to subscribe to, or make or cause to be made, any material false statement or representation in any application, financial statement, or other document or statement required to be filed under any provision of this chapter, or to omit to state any material statement or fact in any such document or statement which 2. 3. 4. is necessary in order to make the statements made, in light of the circumstances under which they are made, not misleading. For any person, in connection with the offer, sale, or purchase of any security, directly or indirectly, to: a. Employ any device, scheme, or artifice to defraud; b. 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 light of the circumstances under which they are made, not misleading; or c. Engage in any act, practice, or course of business which operates or would operate as a fraud or deception upon purchasers or the public. For any person that advises others for compensation, either directly or indirectly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or that, for compensation as part of a regular business, issues or promulgates analyses or reports relating to securities: a. To employ a device, scheme, or artifice to defraud another person; or b. To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person or the public. For any person, in connection with the offer, sale, or purchase of any security, or advising a person to offer, sell, or purchase any security, directly or indirectly, to effect a series of transactions creating actual or apparent active trading in any security, or to raise or depress the price of a security, for the purpose of inducing the purchase of the security.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 10-04-15
What does North Dakota Century Code § 10-04-15 cover?
Section 10-04-15 ("Fraudulent practices") is part of the North Dakota Century Code, the codified statutory law of North Dakota. 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 North Dakota § 10-04-15?
A common citation format is "North Dakota Century Code § 10-04-15" (North Dakota). 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 North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 10-04-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota 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 North Dakota.