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2020 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 42 - Arkansas Securities Act
Subchapter 5 - Regulation of Transactions
§ 23-42-501. Sale of unregistered nonexempt securities
Universal Citation:
AR Code § 23-42-501 (2020)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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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