Alaska Statutes
Alaska Stat. § 34.55.006 (2026)
Fraudulent and prohibited practices
✓ current as of July 2026
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Sec. 34.55.006. Fraudulent and prohibited practices.
It is unlawful for a person, in connection with the offer, sale, or purchase of subdivided land directly or indirectly, to knowingly
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit a statement of a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person.
It is unlawful for a person, in connection with the offer, sale, or purchase of subdivided land directly or indirectly, to knowingly
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit a statement of a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person.
Notes of Decisions
Cited in 1
case, 1982–1982 · leading case: State v. First Nat'l Bank of Anchorage, 660 P.2d 406 (Alaska 1982).
State v. First Nat'l Bank of Anchorage, 660 P.2d 406 (Alaska 1982). “The basis for the court's ruling was that AS 34.55.006, [5] the general antifraud section of ULSPA, could not be applied retroactively and Hausam had done nothing to affect land sales at Windsong after the effective date of that section, September 21, 1977.”
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