(1) 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 Sections 75-71-201 through 75-71-203; or(3) The security is registered under this chapter.
(1) The security is a federal covered security;
(2) The security, transaction, or offer is exempted from registration under Sections 75-71-201 through 75-71-203; or
(3) The security is registered under this chapter.