47-31B-301. Securities registration requirement.

It is unlawful for a person to offer or sell a security in this state unless:

(1)    The security is a federal covered security;

(2)    The security, transaction, or offer is exempted from registration under §§ 47-31B-201 through 47-31B-203; or

(3)    The security is registered under this chapter.

Source: SL 2004, ch 278, § 10.