Neb. Rev. Stat. § 8-1121 : — BANKS AND BANKINGSECURITIES ACT OF NEBRASKA —1121 - Exemption or exception; burden of proof TEXT PDF In any proceeding under the Securities Act of Nebraska, the burden of proving an exemption or an exception from a definition shall be upon the person claiming it. Neb. Rev. Stat. § 8-1121 Laws 1965, c. 549, § 21, p. 1797; Laws 1998, LB 894, § 5.