In any proceeding under the Securities Act of Nebraska, the burden of proving an exemption or an exception from a definition shall be upon the person claiming it.
Neb. Rev. Stat. § 8-1121
Exemption or exception; burden of proof
Applied in 2 court decisions — leading case State v. Fries (1983)
Most recently applied in State v. Grutell (May 2020)
Laws 1965, c. 549, § 21, p. 1797; Laws 1998, LB 894, § 5.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.