South Dakota Statutes

§ 47-31B-503 — Evidentiary burden.

South Dakota·Title 47 CORPORATIONS·Ch. 47-31B UNIFORM SECURITIES ACT OF 2002
(a)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 claim.
(b)Criminal. 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

SL 2004, ch 278, § 31.

Nearby Sections

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