PUBLIC Law Chapter 541

against the charity and its donors. Fair market value may be

established in any commercially acceptable fashion including a

comparison of the amount paid for similar goods and services by a

similar charity. Any promotional materials used by a commercial

co-venturer to disclose that a component of the purchase price of

the goods will accrue to the benefit of a charitable organization

must also state either the percentage of the purchase price or the

dollar amount to be remitted.__This section does not apply to a

national bank, a federal savings bank, a subsidiary of a national

bank or federal savings bank or any other financial institution or

credit union chartered under the laws of the United States or any

state and subject to supervision and regulation by a federal

financial regulatory agency.

Sec. 18. 9 MRSA зз5017 and 5018 are enacted to read:

з5017.__Denial or refusal to renew registration

The commissioner may deny or refuse to renew a registration
under this chapter for fraud, misrepresentation or deception on
an application for violation of any provision of statute or rule
adopted under this chapter.

з5018.__Rulemaking

The commissioner shall propose, revise, adopt and enforce
rules necessary to carry out this chapter.__Rules adopted
pursuant to this chapter are routine technical rules pursuant to
Title 5, chapter 375, subchapter 2-A.

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