LD 509
pg. 178
Page 177 of 183 An Act To Adopt the Maine Uniform Securities Act Page 179 of 183
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LR 441
Item 1

 
(1) Any interest in property owned by the public
charity or any wholly owned subsidiary, the net
proceeds of which are paid solely to the public charity
or any wholly owned subsidiary; or

 
(2) Money or monetary equivalents owned by a public
charity or any wholly owned subsidiary in exchange for
an interest in property, including securities as
defined in Title 32, section 10501 16102, subsection 18
28, to be held by the public charity or any wholly
owned subsidiary;

 
Sec. C-3. 5 MRSA §10051, sub-§1, as amended by PL 2003, c. 505, §1, is
further amended to read:

 
1. Jurisdiction. Except as provided in section 10004; Title
8, section 279-B; Title 10, section 8003; Title 20-A, sections
10712 and 10713; Title 29-A; and Title 32, chapters 2-B, 105 and
114 and 135, the District Court has exclusive jurisdiction upon
complaint of any agency or, if the licensing agency fails or
refuses to act within a reasonable time, upon complaint of the
Attorney General to revoke or suspend licenses issued by the
agency and has original jurisdiction upon complaint of an agency
to determine whether renewal or reissuance of a license of that
agency may be refused.

 
Sec. C-4. 9-A MRSA §3-506, as amended by PL 1987, c. 129, §62, is
further amended to read:

 
§3-506. Limitation

 
This Part shall does not apply to any transaction covered by
section 8-204, nor shall does it apply to any sale, by any dealer
or agent or salesman of a registered dealer, registered pursuant
to Title 32, chapter 105 135, of stocks, bonds, debentures or
securities representing stocks, bonds or debentures registered
pursuant to Title 32, chapter 105 135 or expressly exempt from
registration thereof.

 
Sec. C-5. 9-B MRSA §1053, sub-§4, ¶B, as enacted by PL 1993, c. 257,
§6, is amended to read:

 
B. Offers or sales that are exempt from registration by
virtue of Title 32, section 10502, subsection 2, paragraph
L, N or R 16202, subsections 16, 19 or 26.

 
Sec. C-6. 10 MRSA §1210-B, sub-§3, as enacted by PL 2001, c. 471, Pt.
E, §2, is amended to read:


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