§ 10-5-20 - Restrictions on sales of securities
O.C.G.A. 10-5-20 (2010)
10-5-20. Restrictions on sales of securities
It is unlawful for a person to offer or sell a security in this state unless:
(1) The security is a federal covered security;
(2) The security, transaction, or offer is exempted from registration under Code Sections 10-5-10 through 10-5-12; or
(3) The security is registered under this chapter.