LD 509
pg. 17
Page 16 of 183 An Act To Adopt the Maine Uniform Securities Act Page 18 of 183
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LR 441
Item 1

 
manager pursuant to the trust or other agreement or instrument
under which the security is issued;

 
B.__The issuer of an equipment trust certificate or similar
security serving the same purpose is the person by which the
property is or will be used or to which the property or
equipment is or will be leased or conditionally sold or that
is otherwise contractually responsible for ensuring payment
of the certificate;

 
C.__The issuer of a fractional undivided interest in an oil,
gas or other mineral lease or in payments out of production
under a lease, right or royalty is the owner of an interest
in the lease or in payments out of production under a lease,
right or royalty, whether whole or fractional, that creates
fractional interests for the purpose of sale; or

 
D.__The issuer of a fractional or pooled interest in a
viatical or life settlement contract is the person who
creates, for the purpose of sale, the fractional or pooled
interest. The issuer of a viatical or life settlement
contract that is not fractionalized or pooled is the person
effecting the transaction with the investor in such a
contract but does not include a broker-dealer or sales
representative.

 
18.__Nonissuer transaction; nonissuer distribution. "Nonissuer
transaction" or "nonissuer distribution" means a transaction or
distribution not directly or indirectly for the benefit of the
issuer.

 
19.__Offer to purchase. "Offer to purchase" includes an
attempt or offer to obtain, or solicitation of an offer to sell,
a security or interest in a security for value.__"Offer to
purchase" does not include a tender offer that is subject to
Section 14(d) of the federal Securities Exchange Act of 1934, 15
United States Code, Section 78n(d).

 
20.__Person. "Person" means an individual; corporation;
business trust; estate; trust; partnership; limited liability
company; association; joint venture; government; governmental
subdivision, agency or instrumentality; public corporation; or
any other legal or commercial entity.

 
21.__Place of business. "Place of business" of a broker-
dealer, an investment adviser or a federal covered investment
adviser means:

 
A.__An office at which the broker-dealer, investment adviser or
federal covered investment adviser regularly provides


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