Itis unlawful for a person to offer or sell a security in this state unless one of the following applies: 1. The security is a federal covered security. 2. The security, transaction, or offer is exempted from registration under sections 502.201 through 502.203. 3. The security is registered under this chapter. [SS15, §1920-u15; C24, 27, §8561, 8563; C31, 35, §8581-c11; C39, §8581.11; C46, 50, 54, 58, 62, 66, 71, 73, 75, §502.11; C77, 79, 81, §502.301]
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