8-1121. Exemption or exception; burden of proof.
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/ne/chapter-8/8-1121A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In any proceeding under the Securities Act of Nebraska, the burden of proving an exemption or an exception from a definition shall be upon the person claiming it.
Defendant bears the burden of proving a claim of exemption when raising the issue as a defense to a charge of unlawful sale of unregistered securities. State v. Fries, 214 Neb. 874, 337 N.W.2d 398 (1983).