292.313 Applicability of specified provisions to sales transactions

292.313 Applicability of specified provisions to sales transactions.

(1) KRS 292.320(1), 292.330, 292.340, 292.450, and 292.480 apply to persons who sell

or offer to sell when an offer to sell is made in this state, or an offer to buy is made

and accepted in this state.

(2) KRS 292.320(1), 292.330, and 292.450 apply to persons who buy or offer to buy

when an offer to buy is made in this state, or an offer to sell is made and accepted in

this state.

(3) For the purpose of this section, an offer to sell or to buy is made in this state,

whether or not either party is then present in this state, when the offer originates

from this state or is directed by the offeror to this state and received at the place to

which it is directed (or at any post office in this state in the case of a mailed offer).

(4) For the purpose of this section, an offer to buy or to sell is accepted in this state

when acceptance is communicated to the offeror in this state and has not previously

been communicated to the offeror, orally or in writing, outside this state; and

acceptance is communicated to the offeror in this state, whether or not either party

is then present in this state, when the offeree directs it to the offeror in this state

reasonably believing the offeror to be in this state and it is received at the place to

which it is directed (or at any post office in this state in the case of a mailed

acceptance).

(5) An offer to sell or to buy is not made in this state when the publisher circulates or

there is circulated on his behalf in this state any bona fide newspaper or other

publication of general, regular, and paid circulation which is not published in this

state, or which is published in this state but has had more than two-thirds (2/3) of its

circulation outside this state during the past twelve (12) months, or a radio or

television program originating outside this state is received in this state.

(6) Subsections (2), (3), and (4) of KRS 292.320, as well as KRS 292.330 and 292.450

so far as investment advisers or investment adviser representatives are concerned,

apply when any act instrumental in effecting prohibited conduct is done in this state,

whether or not either party is then present in this state.