---
title: O.C.G.A. § 10-5-13. Denial, suspension, or revocation of exemption.
collection: code
id: 10-5-13
cite_as: O.C.G.A. § 10-5-13 (2025)
canonical_url: https://georgiacommons.org/code/10-5-13
md_url: https://georgiacommons.org/code/10-5-13.md
text_url: https://georgiacommons.org/code/10-5-13/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=757
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/10-5.md
previous: https://georgiacommons.org/code/10-5-12.md
next: https://georgiacommons.org/code/10-5-20.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / GEORGIA UNIFORM SECURITIES / EXEMPTIONS
---

# O.C.G.A. § 10-5-13. Denial, suspension, or revocation of exemption.

(a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order issued under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under subparagraph (C) of paragraph (3) or paragraph (7) or (8) of Code Section 10-5-10 or under Code Section 10-5-11 or an exemption or waiver created under Code Section 10-5-12 with respect to a specific security, transaction, or offer. An order issued under this Code section may be issued only pursuant to the procedures in subsection (d) of Code Section 10-5-25 or 10-5-73 and only prospectively.

(b) A person does not violate Code Section 10-5-20, 10-5-22 through 10-5-25, 10-5-53, or 10-5-59 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this Code section if the person did not know, and in the exercise of reasonable care could not have known, of the order.

## History

Code 1981, § 10-5-13, enacted by Ga. L. 2008, p. 381, § 1/SB 358.

## Law Reviews

For article, “The Georgia Uniform Securities Act of 2008: An Analysis of Significant Changes to Georgia’s Blue Sky Law,” see 14 (No. 6) Ga. St. B. J. 18 (2009).