Indiana Statutes
§ 23-19-5-3 — Evidentiary burden
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 19 INDIANA UNIFORM SECURITIES ACT·Ch. 5 Fraud and Liabilities
(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.
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Legislative History
As added by P.L.27-2007, SEC.23.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"