UJI 14-4320. Defense; exempt security.1

An issue in this case is whether the security which was [sold] [offered for sale]2 [as charged in Count __________]3 was an exempt security and was not required to be registered under the New Mexico Uniform Securities Act. A security which is [issued by] [insured by] [guaranteed by]2 a __________________,4]2 [an option issued by __________________,4] [a __________________,4] is an exempt security and is not required to be registered under the New Mexico Uniform Securities Act. If you find that the security was [[issued by] [insured by] [guaranteed by]2 a __________________,4]2 [an option issued by __________________,4] [a __________________,4] you must find the defendant not guilty of the sale of an unregistered security [as charged in Count __________]3. The burden is on the state to prove beyond a reasonable doubt that the security [sold] [offered for sale]2 was not an exempt security.