blue sky law Hear it!

blue sky law definition - legal

n

The popular name for the statute, found in every state, that regulates within the state the sale of corporate securities to the public. These laws are the statesÂ’ counterpart to the federal securities acts. See securities acts.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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