2010 Georgia Code
TITLE 10 - COMMERCE AND TRADE
CHAPTER 5 - GEORGIA UNIFORM SECURITIES
ARTICLE 2 - EXEMPTIONS
§ 10-5-13 - Denial, suspension, or revocation of exemption
O.C.G.A.
10-5-13 (2010)
10-5-13. Denial, suspension, or revocation of exemption
(a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order issued under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under subparagraph (C) of paragraph (3) or paragraph (7) or (8) of Code Section
10-5-10 or under Code Section
10-5-11 or an exemption or waiver created under Code Section
10-5-12 with respect to a specific security, transaction, or offer. An order issued under this Code section may be issued only pursuant to the procedures in subsection (d) of Code Section
10-5-25 or
10-5-73 and only prospectively.
(b) A person does not violate Code Section
10-5-20,
10-5-22 through
10-5-25,
10-5-53, or
10-5-59 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this Code section if the person did not know, and in the exercise of reasonable care could not have known, of the order.
Graham Syfert - Jacksonville Lawyer