SDCL § 47-31B-503: Evidentiary burden.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-31B. UNIFORM SECURITIES ACT OF 2002
(a) Civil. 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) Criminal. 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.
Collected 2026-09-03T15:18:57Z. Source file · JSON