In connection with an offer to sell or sale of a business opportunity, a person may not engage in any act, practice, or course of business or employ any device, scheme, or artifice to defraud that operates or would operate as a fraud or deceit on another person.

Added by Acts 1992, c. 4, § 2. Amended by Acts 1996, c. 517, § 1, eff. Oct. 1, 1996.

Formerly Art. 56, § 412.