LD 509
pg. 13
Page 12 of 183 An Act To Adopt the Maine Uniform Securities Act Page 14 of 183
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LR 441
Item 1

 
10.__Guaranteed. "Guaranteed" means guaranteed as to payment
of all or substantially all of principal and interest or
dividends.

 
11.__Institutional investor. "Institutional investor" means
any of the following, whether acting for itself or for others in
a fiduciary capacity:

 
A.__A depository institution or international banking
institution;

 
B.__An insurance company;

 
C.__A separate account of an insurance company;

 
D.__An investment company as defined in the federal
Investment Company Act of 1940;

 
E.__A broker-dealer registered under the federal Securities
Exchange Act of 1934;

 
F.__An employee pension, profit-sharing or benefit plan if
the plan has total assets in excess of $10,000,000 or its
investment decisions are made by a named fiduciary, as
defined in the federal Employee Retirement Income Security
Act of 1974, that is a broker-dealer registered under the
federal Securities Exchange Act of 1934, an investment
adviser registered or exempt from registration under the
federal Investment Advisers Act of 1940, an investment
adviser registered under this chapter, a depository
institution or an insurance company;

 
G.__A plan established and maintained by a state, a
political subdivision of a state or an agency or
instrumentality of a state or a political subdivision of a
state for the benefit of its employees, if the plan has
total assets in excess of $10,000,000 or its investment
decisions are made by a duly designated public official or
by a named fiduciary, as defined in the federal Employee
Retirement Income Security Act of 1974, that is a broker-
dealer registered under the federal Securities Exchange Act
of 1934, an investment adviser registered or exempt from
registration under the federal Investment Advisers Act of
1940, an investment adviser registered under this chapter, a
depository institution or an insurance company;

 
H.__A trust, if it has total assets in excess of $10,000,000, its
trustee is a depository institution and its participants are
exclusively plans of the types identified


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