(a) The fact that an application for registration under section 36b-62 has been filed or the fact that a business opportunity is effectively registered shall not constitute a finding by the commissioner that any document filed under sections 36b-60 to 36b-80, inclusive, is true, complete and not misleading. No such fact shall mean that said commissioner has passed in any way upon the merits of, or recommended or given approval to any business opportunity.
(b) No person shall make or cause to be made any representation inconsistent with subsection (a) of this section to any prospective purchaser-investor.
(P.A. 79-458, S. 10, 19; P.A. 97-22, S. 14.)
History: Sec. 36-512 transferred to Sec. 36b-69 in 1995; P.A. 97-22 made a technical change in Subsec. (a).
Structure Connecticut General Statutes
Title 36b - Connecticut Securities Law and Business Opportunity Investment Act
Chapter 672c - Business Opportunity Investment Act
Section 36b-61. (Formerly Sec. 36-504). - Definitions.
Section 36b-63. (Formerly Sec. 36-506). - Disclosure to purchaser-investor required.
Section 36b-64. (Formerly Sec. 36-507). - Surety bond or trust account.
Section 36b-65. (Formerly Sec. 36-508). - Exemptions.
Section 36b-66. (Formerly Sec. 36-509). - Contract to be in writing. Information required.
Section 36b-67. (Formerly Sec. 36-510). - Prohibited sales activities.
Section 36b-69. (Formerly Sec. 36-512). - Registration does not imply approval.
Section 36b-70. (Formerly Sec. 36-513). - Banking Commissioner to administer.
Section 36b-71. (Formerly Sec. 36-514). - Investigations. Powers of commissioner.
Section 36b-72. (Formerly Sec. 36-515). - Violations. Enforcement powers of commissioner. Remedies.
Section 36b-73. (Formerly Sec. 36-516). - Penalties.
Section 36b-74. (Formerly Sec. 36-517). - Contracts voidable, when. Purchaser-investor's remedies.
Section 36b-76. (Formerly Sec. 36-518). - Appeals.
Section 36b-77. (Formerly Sec. 36-519). - Commissioner to adopt regulations.
Section 36b-78. (Formerly Sec. 36-520). - Commissioner to keep register of applications.
Section 36b-79. (Formerly Sec. 36-521). - Renewal of registration. Amended disclosure document.
Section 36b-80. - False or misleading statements prohibited.