blue-sky law

noun

Definition of blue-sky law 

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

First Known Use of blue-sky law

1911, in the meaning defined above

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The first known use of blue-sky law was in 1911

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blue-sky law

noun

Legal Definition of blue-sky law 

: 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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