No proxy statement, form of proxy, notice of meeting, information statement or any other written or oral communication subject to the provisions of this chapter shall contain any statement which at the time and in light of the circumstances is false or misleading with respect to any material fact, or which fails to state a fact necessary to make the statement true, or which fails to correct a statement in any earlier communication with respect to the same meeting which has become false or misleading.
31 Pa. Code § 23.6