C. Any security issued by and representing an interest in or a direct obligation of, or guaranteed by, any depository institution or depository institution holding company, the deposit accounts of which are insured by the Federal Deposit Insurance Corporation or any successor to this agency authorized by federal law or a deposit insurance fund expressly authorized by state law and supervised by a state governmental official or agency. This exemption does not apply to securities representing an interest in a depository institution that is required by law to have as its majority shareholder a mutual holding company, to securities convertible into those securities or to warrants, options or rights to purchase those securities;

Sec. 13. 32 MRSA §10502, sub-§2, as amended by PL 1997, c. 168, §§24 and 25, is further amended by amending the first paragraph to read:

2. Exempt transactions. The following transactions are exempted from sections section 10401 and 10504:

Sec. 14. 32 MRSA §10601, sub-§3, as amended by PL 1989, c. 542, §46, is further amended to read:

3. Oaths; subpoenas; production of matters. For purposes of any investigation or proceeding under this Act, the administrator or any officer or employee designated by rule or order, may administer oaths and affirmations, take evidence, issue subpoenas to require the attendance of witnesses, compel testimony and require the production of any matter, including, but not limited to, books, papers, correspondence, memoranda, agreements or other documents or records, which is relevant to the inquiry.

The administrator may require or permit any person to file a statement in writing, under oath or otherwise as the administrator may determine, as to the facts and circumstances concerning the matter to be investigated. It is unlawful to fail to provide promptly any written statement if requested.

Nothing in this subsection may prevent an individual from asserting the privilege against self-incrimination.

Sec. 15. 32 MRSA §10602, sub-§1, śC, as amended by PL 1991, c. 509, §35, is further amended to read: