76-4-1222. Exemptions for certain securities and notes. Unless the method of disposition is adopted for the purpose of evasion of this part, the provisions of this part do not apply to offers or dispositions of:
     (1) securities currently registered with the securities commissioner of this state;
     (2) any interest in oil, gas, or other minerals or any royalty interest therein if the offers or dispositions of such interests are regulated as securities by the United States or by the securities commissioner of this state;
     (3) securities or units of interest issued by a real estate investment trust regulated under any state or federal statute;
     (4) evidences of indebtedness secured by a mortgage or deed of trust of real estate.

     History: En. Sec. 3, Ch. 97, L. 1969; R.C.M. 1947, 67-2119(part); amd. Sec. 8, Ch. 351, L. 1979.