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Searching 2019-2020 Session

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.)