Section 451.2503 - Civil action or administrative proceeding; burden of proof.
UNIFORM SECURITIES ACT (2002) (EXCERPT)
Act 551 of 2008
451.2503 Civil action or administrative proceeding; burden of proof.
Sec. 503.
(1) 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 exemption, exception, preemption, or exclusion.
(2) 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: 2008, Act 551, Eff. Oct. 1, 2009