17-12a204.Denial, suspension, revocation, condition
or limitation of exemptions.
(a) Except with respect to a federal covered security
or a transaction involving a federal covered security, an order
under this act may deny, suspend application of, condition, limit,
or revoke an exemption created under
K.S.A. 17-12a201 (3)(C), (7) or
(8)
or 17-12a202, and amendments thereto, or an exemption or
waiver
created under
K.S.A. 17-12a203, and amendments thereto, with
respect to
a specific security, transaction, or offer. An order under this
section may be issued only pursuant to the procedures in K.S.A. 17-12a306(d) or
17-12a604, and amendments thereto, and only
prospectively.
(b) Knowledge of order required. A person does not violate
K.S.A. 17-12a301, 17-12a303 through 17-12a306, 17-12a504 or 17-12a510, and
amendments
thereto, by an offer to sell, offer to
purchase, sale, or purchase effected after the entry of an order issued under
this section if the person did not know, and in the exercise of reasonable
care could not have known, of the order.
17-12a204.Denial, suspension, revocation, condition
or limitation of exemptions.
(a) Except with respect to a federal covered security
or a transaction involving a federal covered security, an order
under this act may deny, suspend application of, condition, limit,
or revoke an exemption created under
K.S.A. 17-12a201 (3)(C), (7) or
(8)
or 17-12a202, and amendments thereto, or an exemption or
waiver
created under
K.S.A. 17-12a203, and amendments thereto, with
respect to
a specific security, transaction, or offer. An order under this
section may be issued only pursuant to the procedures in K.S.A. 17-12a306(d) or
17-12a604, and amendments thereto, and only
prospectively.
(b) Knowledge of order required. A person does not violate
K.S.A. 17-12a301, 17-12a303 through 17-12a306, 17-12a504 or 17-12a510, and
amendments
thereto, by an offer to sell, offer to
purchase, sale, or purchase effected after the entry of an order issued under
this section if the person did not know, and in the exercise of reasonable
care could not have known, of the order.
17-12a204.Denial, suspension, revocation, condition
or limitation of exemptions.
(a) Except with respect to a federal covered security
or a transaction involving a federal covered security, an order
under this act may deny, suspend application of, condition, limit,
or revoke an exemption created under
K.S.A. 17-12a201 (3)(C), (7) or
(8)
or 17-12a202, and amendments thereto, or an exemption or
waiver
created under
K.S.A. 17-12a203, and amendments thereto, with
respect to
a specific security, transaction, or offer. An order under this
section may be issued only pursuant to the procedures in K.S.A. 17-12a306(d) or
17-12a604, and amendments thereto, and only
prospectively.
(b) Knowledge of order required. A person does not violate
K.S.A. 17-12a301, 17-12a303 through 17-12a306, 17-12a504 or 17-12a510, and
amendments
thereto, by an offer to sell, offer to
purchase, sale, or purchase effected after the entry of an order issued under
this section if the person did not know, and in the exercise of reasonable
care could not have known, of the order.