TITLE XXXVIII
SECURITIES

CHAPTER 421-B
UNIFORM SECURITIES ACT

ARTICLE 5
Fraud and Liabilities

Section 421-B:5-503

    421-B:5-503 Evidentiary Burden. –
(a) Civil. In a civil action or administrative proceeding under this chapter, 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 chapter, a person claiming an exemption, exception, preemption, or exclusion has the burden of going forward with evidence of the claim.

Source. 2015, 273:1, eff. Jan. 1, 2016.