{"data":{"id":"us-vt/9-v.s.a.-5301","jurisdiction":"us-vt","citation":"9 V.S.A. § 5301","heading":"Securities registration requirement","body":"It is unlawful for a person to offer or sell a security in this State unless:\n(1) the security is a federal covered security;\n(2) the security, transaction, or offer is exempted from registration under sections 5201 through 5203 of this chapter; or\n(3) the security is registered under this chapter.","path":["Title 9: Commerce and Trade","Chapter 150: Securities Act","Subchapter 003: REGISTRATION OF SECURITIES AND NOTICE FILING OF FEDERAL COVERED SECURITIES"],"source_url":"https://legislature.vermont.gov/statutes/section/09/150/05301","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:50:21Z","sha256":"bc7960fb22b2c9d229f6b3be3577a24839eea7d78d20931ec2a7226bc6de328c","source_id":"us-vt","stale":false,"prev":"us-vt/9-v.s.a.-5204","next":"us-vt/9-v.s.a.-5302"},"notice":"GroundRules: Original legal text. Not legal advice."}