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blue–sky law

noun

Definition of blue–sky law

  1. :  a law providing for the regulation of the sale of securities (such as stock)

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First Known Use of blue–sky law

1911

Law Dictionary

blue–sky law

noun

Legal Definition of blue–sky law

  1. :  a law providing for the regulation (as through registration) of the sale of securities (as stock) for the purpose of preventing fraud

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