Evidentiary burden. (a) In a civil action or administrative proceeding under this act, a person claiming an exemption, exception, preemption, or exclusion has the burden to prove the applicability of the claim. (b) In a criminal proceeding under this act, a person claiming an exemption, exception, preemption, or exclusion has the burden of going forward with evidence of the claim.
Evidentiary burden
W.S. § 17-4-503 — under Chapter 4 — Securities.
W.S. § 17-4-503