S.C. Code Ann. § 35-1-503

Evidentiary burden

Known as the South Carolina Uniform Securities Act

The act spans §§ 35–35 (62 sections).

2005 Act No. 110, SECTION 1, eff January 1, 2006.

(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.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.