58-13C-301: Securities registration requirement.

It is unlawful for a person to offer or sell a security in New Mexico unless:

A. the security is a federal covered security;

B. the security, transaction or offer is exempted from registration pursuant to Sections 201 [58-13C-201 NMSA 1978] through 203 [58-13C-203 NMSA 1978] of the New Mexico Uniform Securities Act; or

C. the security is registered pursuant to the New Mexico Uniform Securities Act.