502A.19 - CHAPTER SCOPE.

        502A.19  CHAPTER SCOPE.         1.  Sections 502A.2, 502A.5, and 502A.6 apply to a person who      sells or offers to sell when either of the following occurs:         a.  An offer to sell is made in this state.         b.  An offer to buy is made and accepted in this state.         2.  Sections 502A.2, 502A.5, and 502A.6 apply to a person who buys      or offers to buy when either of the following occur:         a.  An offer to buy is made in this state.         b.  An offer to sell is made and accepted in this state.         3.  For the purpose of this section, an offer to sell or to buy is      made in this state, whether or not either party is then present in      this state, when either of the following occurs:         a.  The offer originates from this state.         b.  The offer is directed by the offeror to this state and      received at the place to which it is directed, or at any post office      in this state in the case of a mailed offer.         4.  For the purpose of this section, an offer to buy or to sell is      accepted in this state when the acceptance satisfies both of the      following conditions:         a.  The acceptance is communicated to the offeror in this      state.         b.  The acceptance has not previously been communicated to the      offeror, orally or in writing, outside this state; and acceptance is      communicated to the offeror in this state, whether or not either      party is then present in this state, when the offeree directs it to      the offeror in this state, reasonably believing the offeror to be in      this state and it is received at the place to which it is directed,      or at any post office in this state in the case of a mailed      acceptance.         5.  An offer to sell or to buy is not made in this state when      either of the following occurs:         a.  The publisher circulates or there is circulated on the      publisher's behalf in this state any bona fide newspaper or other      publication of general, regular, and paid circulation which is not      published in this state, or which is published in this state but has      had more than two-thirds of its circulation outside this state during      the past twelve months.         b.  A radio or television program originating outside this      state is received in this state.  
         Section History: Recent Form
         90 Acts, ch 1169, §18