blue–sky law

noun

Definition of blue–sky law

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

1911

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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