It is unlawful for a person, in connection with the offer, sale, or purchase of subdivided land directly or indirectly, to knowingly
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit a statement of 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) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person.
Structure Alaska Statutes
Chapter 55. Uniform Land Sales Practices Act
Sec. 34.55.004. Administration.
Sec. 34.55.006. Fraudulent and prohibited practices.
Sec. 34.55.008. Prohibitions on dispositions of interests in subdivisions.
Sec. 34.55.010. Application for registration.
Sec. 34.55.012. Public offering statement.
Sec. 34.55.014. Inquiry and examination.
Sec. 34.55.016. Notice of filing and registration.
Sec. 34.55.018. Annual report.
Sec. 34.55.020. General powers and duties.
Sec. 34.55.022. Investigations and proceedings.
Sec. 34.55.024. Cease and desist orders.
Sec. 34.55.034. Interstate rendition.
Sec. 34.55.036. Service of process.