Conn. Gen. Stat. § 36b-16

Current with legislation from the 2024 Regular and Special Sessions effective through July 1, 2024.

Section 36b-16 - (Formerly Sec. 36-485). Registration of security prior to offer or sale required. Exceptions

No person shall offer or sell any security in this state unless (1) it is registered under sections 36b-2 to 36b-34, inclusive, (2) the security or transaction is exempted under section 36b-21, or (3) the security is a covered security provided such person complies with any applicable requirements in subsections (c), (d) and (e) of section 36b-21.

Conn. Gen. Stat. § 36b-16

(P.A. 77-482, S. 16; P.A. 81-292, S. 5; P.A. 89-220, S. 5; P.A. 97-220, S. 8, 15; P.A. 10-141, S. 11.)

Amended by P.A. 10-0141, S. 11 of the February 2010 Regular Session, eff. 6/7/2010.

Cited. 233 Conn. 304. Defendant's claim that her convictions under statute should be reversed because she reasonably relied on advice of legal counsel in selling unregistered securities is unavailing; offense of selling unregistered securities requires proof only that defendant intended to do the act prohibited by statute and no specific intent to violate the law is required. 256 C. 313. A note that does not require payment until expiration of a 9-month period does not fall within the exemptions from registration provided for in Sec. 36b-21. 77 Conn.App. 621.

See Sec. 3-123ee re exemption for Connecticut Home Care Trust Fund participation, offering and solicitation.