Sec. 36b-69. (Formerly Sec. 36-512). Registration does not imply approval.
Sec. 36b-69. (Formerly Sec. 36-512). Registration does not imply approval. (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).