(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 611 through 613; 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 611 through 613; or
(3) the security is registered under this chapter.