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Definition of blue-sky law in US English: blue-sky lawnoun A law regulating the sale of securities, intended to protect the public from fraud. Example sentencesExamples - Probably a lot of bucket shop operators had the same reaction to states which passed blue sky laws requiring securities disclosure.
- New York's legislature was one of the last to pass a blue-sky law, letting through a deliberately enfeebled version.
- Since bond indentures do not incorporate into themselves provisions of fraudulent, conveyance law, state corporation law, blue-sky law or the law of fraud, violations of these laws do not result in an Event of Default.
- In the U.S. Kansas was the first state to pass a blue sky law in 1911.
- By 1933, all but one state had passed blue sky laws; today, all fifty states, the District of Columbia, Guam, and Puerto Rico have blue sky laws in force.
Definition of blue-sky law in US English: blue-sky lawnoun A law regulating the sale of securities, intended to protect the public from fraud. Example sentencesExamples - In the U.S. Kansas was the first state to pass a blue sky law in 1911.
- New York's legislature was one of the last to pass a blue-sky law, letting through a deliberately enfeebled version.
- By 1933, all but one state had passed blue sky laws; today, all fifty states, the District of Columbia, Guam, and Puerto Rico have blue sky laws in force.
- Since bond indentures do not incorporate into themselves provisions of fraudulent, conveyance law, state corporation law, blue-sky law or the law of fraud, violations of these laws do not result in an Event of Default.
- Probably a lot of bucket shop operators had the same reaction to states which passed blue sky laws requiring securities disclosure.
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