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 Code Sections
10-5-10 through
10-5-12; or
(3) The security is registered under this chapter.
Added by 2008 Ga. Laws 528,§ 1, eff. 7/1/2009.