§ 51-23-19 — Scope of this chapter

1. Sections 51-23-03, 51-23-06, and 51-23-07 apply to persons who sell or offer to sell
when an offer to sell is made in this state or an offer to buy is made and accepted in
this state.
2. Sections 51-23-03, 51-23-06, and 51-23-07 apply to persons who buy or offer to buy
when an offer to buy is made in this state or an offer to sell is made and accepted in
this state.
3. For the purpose of this section, an offer to sell or to buy is made in this state, whether
or not either party is then present in this state, when the offer originates from this state,
or is directed by the offeror to this state and received at the place to which it is directed
or at any post office in this state in the case of a mailed offer.

4. For the purpose of this section, an offer to buy or to sell is accepted in this state when
acceptance is communicated to the offeror in this state, and has not previously been
communicated to the offeror, orally or in writing, outside this state; and acceptance is
communicated to the offeror in this state, whether or not either party is then present in
this state, when the offeree directs it to the offeror in this state, reasonably believing
the offeror to be in this state, and it is received at the place to which it is directed, or at
any post office in this state in the case of a mailed acceptance.
5. An offer to sell or to buy is not made in this state when:
a. The publisher circulates or there is circulated on the publisher's behalf in this
state any bona fide newspaper or other publication of general, regular, and paid
circulation which is not published in this state or which is published in this state
but has had more than two-thirds of its circulation outside this state during the
past twelve months; or
b. A radio or television program originating outside this state is received in this state.