66-32-308 - Violations Penalties. - Tennessee Statutes

66-32-308. Violations Penalties.

(a)  Any person who willfully violates any provision of this part commits a misdemeanor. It is a misdemeanor for any person in connection with the offer or sale of any camping club contracts willfully to:

     (1)  Make any untrue or misleading statement of a material fact, or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading;

     (2)  Employ any device, scheme, or artifice to defraud; or

     (3)  Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

(b)  No indictment or information may be returned under this part more than two (2) years after the alleged violation.

[Acts 1985, ch. 303, § 8; T.C.A., § 47-18-408.]