29. Section 102(29): Self-regulatory organization: Prior Provision: RUSA Section 101(17). This definition was added by RUSA and is based on a counterpart provision in the American Law Institute Federal Securities Code. At the current time national securities exchanges are registered under Section 6 of the Securities Exchange Act of 1934; national securities associations under Section 15A; clearing agencies under Section 17A; and the Municipal Securities Rulemaking Board under Section 15B.

30. Section 102(30): Sign: No Prior Provision. This definition is intended to facilitate electronic signatures, to the extent permitted by Section 105.

31. Section 102(31): State: Prior Provisions: 1956 Act Section 401(m); RUSA Section 101(18). This is the standard definition used by the National Conference of Commissioners on Uniform State Laws. It does include territories and possessions of the United States, as well as the District of Columbia and Puerto Rico, but does not include foreign governments, their territories, or their possessions. In this Act "foreign" always refers to activity, a government, or person outside of the United States, not a different state within the United States.

Maine Comments

1. Section 16102(4)(B): The definition of "broker-dealer" in the Revised Maine Securities Act ("predecessor act") similarly excluded issuers, but explicitly stated that the exclusion does not apply to issuers "effecting transactions other than with respect to its own securities." Maine has not retained this explicit statement because it is clear that the issuer exclusion is not intended to apply to issuers that are effecting transactions other than with respect to their own securities.

2. Section 16102(11)(J-K): For these selected paragraphs, Maine has adopted a threshold of $5,000,000 (similar to the Revised Maine Securities Act) rather than the model Uniform Securities Act threshold of $10,000,000.