LD 509
pg. 55
Page 54 of 183 An Act To Adopt the Maine Uniform Securities Act Page 56 of 183
Download Bill Text
LR 441
Item 1

 
B.__A general solicitation or general advertising is not
made in connection with the offer to sell or sale of the
securities;

 
C.__A commission or other remuneration is not paid or given,
directly or indirectly, to a person other than a broker-
dealer licensed under this chapter or an agent licensed
under this chapter for soliciting a prospective purchaser in
this State; and

 
D.__The issuer reasonably believes that all the purchasers
in this State, other than those designated in subsection 13,
are purchasing for investment;

 
15.__Limited private offering transactions, Maine issuer.__A
sale or an offer to sell securities of a corporation, limited
partnership or limited liability company organized under the laws
of this State or any issuer determined by the administrator by
order to have its principal place of business in this State, if
the transaction is part of a single issue in which:

 
A.__Not more than 25 purchasers are present in this State
during any 12 consecutive months, other than those
designated in subsection 13;

 
B.__A general solicitation or general advertising is not
made in connection with the offer to sell or sale of the
securities;

 
C.__A commission or other remuneration is not paid or given,
directly or indirectly, to a person other than a broker-
dealer licensed under this chapter or an agent licensed
under this chapter for soliciting a prospective purchaser in
this State;

 
D.__The issuer reasonably believes that all the purchasers
in this State, other than those designated in subsection 13,
are purchasing for investment;

 
E.__The issuer files with the administrator a notification
for exemption that must be in such form as may be prescribed
by the administrator by order or by routine technical rule,
as defined in Title 5, chapter 375, subchapter 2-A; and

 
F.__The issuer provides a copy of the notification of exemption
to each offeree of securities sold in reliance on this exemption,
which must contain such legends as the administrator prescribes,
notifying the offeree that the securities have not been
registered with the administrator, that they may be considered
restricted securities and that


Page 54 of 183 Top of Page Page 56 of 183