| | | 8. Section 16102(32): Maine reinstates a definition of | | "viatical or life settlement contract." Viatical settlement | | contracts were defined in the predecessor act; this new | | definition conforms to the nomenclature used in the Viatical and | | Life Settlements Act (the Maine Revised Statutes, Title 24-A, | | chapter 85). |
|
| | | §16103.__References to federal statutes |
|
| | | Securities Act of 1933, 15 United States Code, Section 77a et | | seq., Securities Exchange Act of 1934, 15 United States Code, | | Section 78a et seq., Public Utility Holding Company Act of 1935, | | 15 United States Code, Section 79 et seq., Investment Company Act | | of 1940, 15 United States Code, Section 80a-1 et seq., Investment | | Advisers Act of 1940, 15 United States Code, Section 80b-1 et | | seq., Employee Retirement Income Security Act of 1974, 29 United | | States Code, Section 1001 et seq., National Housing Act, 12 | | United States Code, Section 1701 et seq., Commodity Exchange Act, | | 7 United States Code, Section 1 et seq., Internal Revenue Code, | | 26 United States Code, Section 1 et seq., Securities Investor | | Protection Act of 1970, 15 United States Code, Section 78aaa et | | seq., Securities Litigation Uniform Standards Act of 1998, 112 | | Stat. 3227, Small Business Investment Act of 1958, 15 United | | States Code, Section 661 et seq. and Electronic Signatures in | | Global and National Commerce Act, 15 United States Code, Section | | 7001 et seq. mean those federal laws of those names, those | | statutes and the rules and regulations adopted under those laws | | and statutes, as amended. |
|
| | | Prior Provisions: 1956 Act Section 401(k); RUSA Section | | 101(15). |
|
| | | 1. There are a large number of references to other laws in | | this Act, particularly to the federal securities laws identified | | in Section 103, and to rules adopted by the Securities and | | Exchange Commission under those laws. One of the main objectives | | of this Act is to take account of those provisions in the federal | | laws that are preemptive, and to coordinate with other, | | nonpreemptive provisions of the federal laws where coordination | | between federal and state securities law is in the public | | interest. |
|
| | | 2. Section 12(d) of the Uniform Statute and Rule Construction | | Act, adopted by NCCUSL in 1995, provides: "A statute or rule that | | incorporates by reference a statute or rule of another | | jurisdiction does not incorporate a later enactment or adoption | | or amendment of the other statute or rule." Nevertheless, it is | | not uncommon for States to permit later |
|
|
