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§ 409-5-503 — Missouri Law | CourtGPT
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Missouri Legal Code

§ 409-5-503

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Title XXVI TRADE AND COMMERCE Chapter 409 • Effective - 01 Sep 2003, see footnote 409.5-503. Evidentiary burden. — (a) In a civil action or administrative proceeding under this act, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim. (b) In a criminal proceeding under this act, a person claiming an exception or exclusion from definition has the burden of injecting the issue pursuant to section 556.051*, and a person claiming an exemption or qualification as a federal covered security has the burden of proving the claim as an affirmative defense pursuant to section 556.056*. ­­-------- (L. 2003 H.B. 380) Effective 9-01-03, see § 409.7-701 *Sections 556.051 and 556.056 were repealed by S.B. 491, 2014, effective 1-01-17.