(1) 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.
(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.