In any proceeding under this chapter, civil, criminal, administrative, or judicial, the burden of proving an exemption under Section 61-1-14 or an exception from a definition under Section 61-1-13 is upon the person claiming the exemption or exception.
Utah Code § 61-1-14.5
Burden of proving exemption
Known as the Utah Uniform Securities Act
The act spans §§ 61-1-1 to 61-1-9 (58 sections).
Applied in 2 court decisions — leading case State v. Shepherd (1999)
Most recently applied in State v. Shepherd (October 1999)
Enacted by Chapter 284, 1983 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.