17-12a503. Evidentiary burden.

17-12a503

Chapter 17.--CORPORATIONS Article 12a.--UNIFORM SECURITIES ACT

      17-12a503.   Evidentiary burden. (a) Civil. In a civil action or administrative proceeding under this act, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim.

      (b)   Criminal. In a criminal proceeding under this act, a person claiming an exemption, exception, preemption, or exclusion has the burden of going forward with evidence of the claim.

      History:   L. 2004, ch. 154, § 32; July 1, 2005.