In any proceeding under this chapter, the burden of proving an exemption or an exception from a definition is upon the person claiming it.
Ark. Code Ann. § 23-42-506
Burden of proof of exemption
Known as the Arkansas Securities Act
The act spans §§ 23–23 (46 sections).
Applied in 2 court decisions — leading case Hunter v. State (1997)
Most recently applied in Hunter v. State (October 1997)
Acts 1959, No. 254, § 14; 1961, No. 248, § 7; A.S.A. 1947, § 67-1248.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.