§ 39-73-350. Applicability of sections 39-73-20, 39-73-50, and 39-73-60 to persons who sell, buy, or offer to sell or buy commodities.
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§ 39-73-350. Applicability of sections 39-73-20, 39-73-50, and 39-73-60 to persons who sell, buy, or offer to sell or buy commodities in state.
(A)Sections 39-73-20, 39-73-50, and 39-73-60 apply to persons who:
(1)sell or offer to sell when an offer to:
(a)sell is made in this State; or
(b)buy is made and accepted in this State;
(2)buy or offer to buy when an offer to:
(a)buy is made in this State; or
(b)sell is made and accepted in this State.
(B)For the purpose of this section, an offer to sell or buy is made in this State, whether or not either party is then present in this State, when the offer:
(1)originates from this State; or
(2)is directed by the offeror to this State and received at the place to which it is directed, or at a post office in this State for a mailed offer.
(C)For the purpose of this section, an offer to buy or sell is accepted in this State when acceptance:
(1)is communicated to the offeror in this State;
(2)previously has not been communicated to the offeror, orally or in writing, outside this State, and acceptance is communicated to the offeror in this State, whether or not either party is then present in this State, when the offeree directs it to the offeror in this State, reasonably believing the offeror to be in this State and it is received at the place to which it is directed or at a post office in this State for a mailed acceptance.
(D)An offer to sell or to buy is not made in this State when:
(1)the publisher circulates or there is circulated on his behalf in this State a bona fide newspaper or other publication of general, regular, and paid circulation which is not published in this State or which is published in this State but has had more than two-thirds of its circulation outside this State during the past twelve months; and
(2)a radio or television program or other electronic communication originating outside this State is received in this State. A radio or television program, or other electronic communication, is considered as having originated in this State if either the broadcast studio or the originating source of transmission is located in this State, unless:
(a)the program or communication is syndicated and distributed from outside this State for redistribution to the general public in this State;
(b)the program or communication is supplied by a radio, television, or other electronic network with the electronic signal originating from outside this State for redistribution to the general public in this State;
(c)the program or communication is an electronic communication that originates outside this State and is captured for redistribution to the general public in this State by a community antenna or cable, radio, cable television, or other electronic system; or
(d)the program or communication consists of an electronic communication that originates in this State, but which is not intended for distribution to the general public in this State.