SEC. 75-71-401. Registration or exemption required.

Except as provided for in Section 75-71-109 (a), it is unlawful for any person to offer or sell any security in the State of Mississippi unless (1) it is registered under this chapter or (2) the security or transaction is exempted under Article 3 of this chapter.

SOURCES: Laws, 1981, ch. 521, Sec. 301; 1987, ch. 477, Sec. 12, eff from and after July 1, 1987.

1997 Amendment:

SECTION 12. Section 75-71-401, Mississippi Code of 1972, is amended as follows:

 75-71-401. Except as provided for in Section 75-71-109(a), it is unlawful for any person to offer or sell any security in the State of Mississippi unless (1) it is registered under this chapter, * * * (2) the security or transaction is exempted under Article 3 of this chapter, or (3) it is a federal covered security.

SOURCE: 1997 Laws, Chapter 480, Sec. 12, HB1124, Effective AP-March 27, 1997.