LD 509
pg. 44
Page 43 of 183 An Act To Adopt the Maine Uniform Securities Act Page 45 of 183
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LR 441
Item 1

 
4.__Insurance company securities.__A security issued by and
representing an interest in, or a debt of, or insured or
guaranteed by an insurance company authorized to do business in
this State;

 
5.__Common carriers and public utility securities.__A security
issued or guaranteed by a railroad, other common carrier, public
utility or public utility holding company that is:

 
A.__Regulated in respect to its rates and charges by the
United States or a state;

 
B.__Regulated in respect to the issuance or guarantee of the
security by the United States, a state, Canada or a Canadian
province or territory; or

 
C.__A public utility holding company registered under the
federal Public Utility Holding Company Act of 1935 or a
subsidiary of such a registered holding company within the
meaning of that Act;

 
6.__Federal covered securities.__A federal covered security
specified in Section 18(b)(1) of the federal Securities Act of
1933, 15 United States Code, Section 77r(b)(1) or by rule adopted
under that provision or a security listed or approved for listing
on another securities market specified by rule under this
chapter; a put or a call option contract, a warrant or a
subscription right on or with respect to such a federal covered
security; or an option or similar derivative security on a
security or an index of securities or foreign currencies issued
by a clearing agency registered under the federal Securities
Exchange Act of 1934 and listed or designated for trading on a
national securities exchange, a facility of a national securities
exchange or a facility of a national securities association
registered under the federal Securities Exchange Act of 1934 or
an offer or sale of the underlying security in connection with
the offer, sale or exercise of an option or other security that
was exempt when the option or other security was written or
issued; or an option or a derivative security designated by the
Securities and Exchange Commission under Section 9(b) of the
federal Securities Exchange Act of 1934, 15 United States Code,
Section 78i(b);

 
7.__Nonprofit organization securities.__A security issued by a
person organized and operated exclusively for religious,
educational, benevolent, fraternal, charitable, social, athletic
or reformatory purposes, or as a chamber of commerce, and not for
pecuniary profit, no part of the net earnings of which inures to
the benefit of a private stockholder or other person, or a
security of a company that is excluded from the definition of an


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