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| TITLE 7 | BANKING AND SECURITIES |
| PART 7 | STATE SECURITIES BOARD |
| CHAPTER 105 | RULES OF PRACTICE IN CONTESTED CASES |
| RULE §105.11 | Burden of Proof |
The Staff will assume the burden of proving a prima facie case by a preponderance of the evidence based upon reasonable inferences drawn from the evidence presented, except that the burden of proof of an exemption shall be upon the party claiming the same. |
| Source Note: The provisions of this §105.11 adopted to be effective April 3, 2012, 37 TexReg 2165 |
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