LD 509
pg. 11
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LR 441
Item 1

 
investor are interwoven with those of either the person
offering the investment, a 3rd party or other investors; and

 
E.__Includes as an investment contract, among other
contracts, an interest in a limited partnership and a
limited liability company.

 
29.__Self-regulatory organization. "Self-regulatory
organization" means a national securities exchange registered
under the federal Securities Exchange Act of 1934, a national
securities association of broker-dealers registered under the
federal Securities Exchange Act of 1934, a clearing agency
registered under the federal Securities Exchange Act of 1934 or
the Municipal Securities Rulemaking Board established under the
federal Securities Exchange Act of 1934.

 
30.__Sign. "Sign" means, with present intent to authenticate
or adopt a record:

 
A.__To execute or adopt a tangible symbol; or

 
B.__To attach or logically associate with the record an
electronic symbol, sound or process.

 
31.__State. "State" means a state of the United States, the
District of Columbia, Puerto Rico, the United States Virgin
Islands or any territory or insular possession subject to the
jurisdiction of the United States.

 
32.__Viatical or life settlement contract. "Viatical or life
settlement contract" means a written agreement establishing the
terms under which compensation or anything of value will be paid,
which compensation or value is less than the expected death
benefit of the insurance policy or certificate, in return for the
assignment, transfer, sale, devise or bequest of the death
benefit or ownership of any portion of an insurance policy or
certificate of insurance.__"Viatical or life settlement
contract":

 
A.__Includes a contract for a loan or other financing
transaction secured primarily by an individual or group life
insurance policy other than a loan by a life insurance
company pursuant to the terms of the life insurance contract
or a loan secured by the cash value of a policy;

 
B.__Includes an agreement to transfer ownership or change
the beneficiary designation of an insurance policy at a
later date regardless of the date that compensation for the
transfer or change is paid; and

 
C.__Does not include:


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