Arizona Statutes

§ 44-2033 — Burden of proof of exemptions

Arizona·Title 44 Arizona Revised Statutes·Ch. 12 SALES OF SECURITIES·Art. 16 Enforcement
In any action, civil or criminal, when a defense is based upon any exemption provided for in this chapter, the burden of proving the existence of the exemption shall be upon the party raising the defense, and it shall not be necessary to negative the exemption in any petition, complaint, information or indictment, laid or brought in any proceeding under this chapter.

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