| 释义 |
blue-sky lawnounA law regulating the sale of securities, intended to protect the public from fraud.Since bond indentures do not incorporate into themselves provisions of fraudulent, conveyance law, state corporation law, blue-sky law or the law of fraud, violations of these laws do not result in an Event of Default....- New York's legislature was one of the last to pass a blue-sky law, letting through a deliberately enfeebled version.
- By 1933, all but one state had passed blue sky laws; today, all fifty states, the District of Columbia, Guam, and Puerto Rico have blue sky laws in force.
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