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.