§16503. Evidentiary burden
1. 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 exemption, exception, preemption or exclusion.
[PL 2005, c. 65, Pt. A, §2 (NEW).]
2. Criminal. In a criminal proceeding under this chapter, a person claiming an exemption, exception, preemption or exclusion has the burden to prove by a preponderance of the evidence any such affirmative defense.
[PL 2005, c. 65, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 65, §A2 (NEW).
Structure Maine Revised Statutes
TITLE 32: PROFESSIONS AND OCCUPATIONS
Chapter 135: MAINE UNIFORM SECURITIES ACT
Subchapter 5: FRAUD AND LIABILITIES
32 §16502. Prohibited conduct in providing investment advice
32 §16504. Filing of sales and advertising literature
32 §16506. Misrepresentations concerning licensing, registration or exemption
32 §16511. Right to rescission applicable to sales of viatical or life settlement contracts