9 V.S.A. § 5503: Evidentiary burden
Where this section sits in the code
- Title 9: Commerce and Trade
- Chapter 150: Securities Act
- Subchapter 005: FRAUD AND LIABILITIES
(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.
Collected 2026-09-05T14:50:21Z. Source file · JSON