Sec. 3. (a) In a civil action or administrative proceeding under this article, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim.
(b) In a criminal proceeding under this article, a person claiming an exemption, exception, preemption, or exclusion has the burden of going forward with evidence of the claim.
As added by P.L.27-2007, SEC.23.
Structure Indiana Code
Title 23. Business and Other Associations
Article 19. Indiana Uniform Securities Act
Chapter 5. Fraud and Liabilities
23-19-5-1. Fraudulent or Deceitful Acts
23-19-5-4. Sales and Advertising Literature Filing
23-19-5-5. Filing False or Misleading Statements
23-19-5-6. Filings Related to Fact of Registration; Unlawful Act