Vermont § 5610 - Jurisdiction

§ 5610. Jurisdiction

• (a) Sections 5301 and 5302, subsections 5401(a), 5402(a), 5403(a), and 5404(a) and sections
  5501, 5506, 5509, and 5510 of this chapter do not apply to a person that sells or
  offers to sell a security unless the offer to sell or the sale is made in this State
  or the offer to purchases or the purchase is made and accepted in this State. (b) Subsections 5401(a), 5402(a), 5403(a), 5404(a), and sections 5501, 5506, 5509, and
  5510 of this chapter do not apply to a person that purchases or offers to purchase
  a security unless the offer to purchase or the purchase is made in this State or the
  offer to sell or the sale is made and accepted in this State. (c) For the purpose of this section, an offer to sell or to purchase a security is made
  in this State, whether or not either party is then present in this State, if the offer: (1) originates from within this State; or (2) is directed by the offeror to a place in this State and received at the place to which
  it is directed. (d) For the purpose of this section, an offer to purchase or to sell is accepted in this
  State, whether or not either party is then present in this State, if the acceptance: (1) is communicated to the offeror in this State and the offeree reasonably believes the
  offeror to be present in this State and the acceptance is received at the place in
  this State to which it is directed; and (2) has not previously been communicated to the offeror, orally or in a record, outside
  this State. (e) An offer to sell or to purchase is not made in this State when a publisher circulates
  or there is circulated on the publisher’s behalf in this State a bona fide newspaper
  or other publication of general, regular, and paid circulation that is not published
  in this State, or that is published in this State but has had more than two-thirds
  of its circulation outside this State during the previous 12 months or when a radio
  or television program or other electronic communication originating outside this State
  is received in this State. A radio or television program or other electronic communication
  is considered as having originated in this State if either the broadcast studio or
  the originating source of transmission is located in this State, unless: (1) the program or communication is syndicated and distributed from outside this State
  for redistribution to the general public in this State; (2) the program or communication is supplied by a radio, television, or other electronic
  network with the electronic signal originating from outside this State for redistribution
  to the general public in this State; (3) the program or communication is an electronic communication that originates outside
  this State and is captured for redistribution to the general public in this State
  by a community antenna or cable, radio, cable television, or other electronic system;
  or (4) the program or communication consists of an electronic communication that originates
  in this State, but which is not intended for distribution to the general public in
  this State. (f) Subsections 5403(a), 5404(a), and 5405(a) and sections 5502, 5505, and 5506 of this
  chapter apply to a person if the person engages in an act, practice, or course of
  business instrumental in effecting prohibited or actionable conduct in this State,
  whether or not either party is then present in this State. (g) This section does not limit the scope of personal jurisdiction to the extent such
  jurisdiction may be established pursuant to 12 V.S.A. § 913 (the Vermont “long arm” statute). (Added 2005, No. 11, § 1, eff. July 1, 2006.)