South Carolina Statutes
§ 35-1-503 — Evidentiary burden.
(a)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 claim.
(b)In a criminal proceeding under this chapter, 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
HISTORY: 2005 Act No. 110, SECTION 1, eff January 1, 2006.
Nearby Sections
15
§ 35-1-101
Short title.§ 35-1-102
Definitions.§ 35-1-103
References to federal statutes.§ 35-1-104
References to federal agencies.§ 35-1-105
Electronic records and signatures.§ 35-1-201
Exempt securities.§ 35-1-202
Exempt transactions.§ 35-1-203
Additional exemptions and waivers.§ 35-1-301
Securities registration requirement.§ 35-1-302
Notice filing.§ 35-1-303
Securities registration by coordination.§ 35-1-305
Securities registration filings.