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ARKANSAS STATUTES AND CODES
§ 23-42-501 - Sale of unregistered nonexempt securities.
23-42-501. Sale of unregistered nonexempt securities.
It is unlawful for any person to offer or sell any security in this state unless:
(1) It is registered under this chapter;
(2) The security or transaction is exempted under 23-42-503 or 23-42-504; or
(3) It is a covered security.
It is unlawful for any person to offer or sell any security in this state unless:
(1) It is registered under this chapter;
(2) The security or transaction is exempted under 23-42-503 or 23-42-504; or
(3) It is a covered security.
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