The following securities are exempted from Sections 35-1-50, 35-1-810, and 35-1-1100:
- (1) Domestic government securities. Any security, including a revenue obligation, issued or guaranteed by the United States, any state, any political subdivision of a state or any agency or corporate or other instrumentality of one or more of the foregoing, or any certificate of deposit for any of the foregoing;
- (2) Foreign government securities. Any security issued or guaranteed by Canada, any Canadian province, any political subdivision of any such province, any agency or corporate or other instrumentality of one or more of the foregoing or any other foreign government with which the United States currently maintains diplomatic relations, if the security is recognized as a valid obligation by the issuer or guarantor;
- (3) Securities of banks, trusts and savings institutions. Any security issued by and representing an interest in or a debt of, or guaranteed by, any bank organized under the laws of the United States or any bank, savings institution, or trust company organized and supervised under the laws of any state;
- (4) Securities of federal savings and loan and similar associations. Any security issued by and representing an interest in or a debt of, or guaranteed by, any federal savings and loan association, or any building and loan or similar association, organized under the laws of any state and authorized to do business in this State;
- (5) Securities of federal or state credit unions. Any security issued or guaranteed by any federal credit union or any credit union, industrial loan association, or similar association organized and supervised under the laws of this State;
- (6) Securities of public service companies. Any security issued or guaranteed by any railroad, other common carrier, public utility or holding company which is (a) subject to the jurisdiction of the Interstate Commerce Commission, (b) a registered holding company under the Public Utility Holding Company Act of 1935 or a subsidiary of such a company within the meaning of that act, (c) regulated in respect of its rates and charges by a governmental authority of the United States or any state or (d) regulated in respect of the issuance or guarantee of the security by a governmental authority of the United States, any state, Canada or any Canadian province;
- (7) Securities listed on stock exchanges. Any security listed or approved for listing upon notice of issuance on the New York Stock Exchange, the American Stock Exchange, the Midwest Stock Exchange, the NASDAQ/National Market System, or that other securities exchange as the securities commissioner by regulation may designate, any other security of the same issuer which is of senior or substantially equal rank, any security called for by subscription rights or warrants so listed or approved, or any warrant or right to purchase or subscribe to any of the foregoing;
- (8) Securities of religious, charitable, and trade organizations. Any security issued by any person organized and operated not for private profit but exclusively for religious, educational, benevolent, charitable, fraternal, social, athletic, or reformatory purposes, or as a chamber of commerce or trade or professional association;
- (9) Short-term commercial paper. Any commercial paper which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions and which evidences an obligation to pay cash within nine months of the date of issuance, exclusive of days of grace, or any renewal of such paper which is likewise limited, or any guarantee of such paper or of any such renewal;
- (10) Employees' investment plans. Any investment contract issued in connection with an employees' stock purchase, savings, pension, profit-sharing, or similar benefit plan if the securities commissioner is notified in writing thirty days before the inception of the plan; and
- (11) Securities of state cooperatives. Any security issued by a cooperative association organized under the laws of this State.