409.3-301. It is unlawful for a person to offer or sell a security inthis state unless:
(1) The security is a federal covered security;
(2) The security, transaction, or offer is exempted from registrationunder sections 409.2-201 to 409.2-203; or
(3) The security is registered under this act.
(L. 2003 H.B. 380)Effective 9-01-03