Offer or sale of securities, lawful; conditions.

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49:3-60 Offer or sale of securities, lawful; conditions.

13. It is unlawful for any security to be offered or sold in this State unless:

(a) The security or transaction is exempt under section 3 of P.L.1967, c.93 (C.49:3-50);

(b) (Deleted by amendment, P.L.1997, c.276.)

(c) (Deleted by amendment, P.L. 1985, c. 405.)

(d) (Deleted by amendment, P.L.1985, c. 405.)

(e) The security is registered under this act; or

(f) It is a federal covered security for which a notice filing and fees have been submitted as required by section 14 of this act (C.49:3-60.1).

L.1967,c.93,s.13; amended 1985, c.405, s.6; 1997, c.276, s.13.


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