§ 10-5-20. Restrictions on Sales of Securities

It is unlawful for a person to offer or sell a security in this state unless:

1. The security is a federal covered security;
2. The security, transaction, or offer is exempted from registration under Code Sections 10-5-10 through 10-5-12; or
3. The security is registered under this chapter.

History. Code 1981, § 10-5-20 , enacted by Ga. L. 2008, p. 381, § 1/SB 358.