The Vermont Statutes Online
Title 9 : Commerce and Trade
Chapter 150 : SECURITIES ACT
Subchapter 005 : FRAUD AND LIABILITIES
(Cite as: 9 V.S.A. § 5503)-
§ 5503. Evidentiary burden
(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. (Added 2005, No. 11, § 1, eff. July 1, 2006.)
