02-032-516 Me. Code R. § 1

Current through 2024-51, December 18, 2024

Section 032-516-1 - Natural persons

For purposes of Sections 16403(2)(B) and 16405(2)(B) of the Maine Uniform Securities Act, the following are deemed a single client:

A natural person and:

1. Any minor child of the natural person;

2. Any relative, spouse, or relative of the spouse of the natural person who has the same principal residence;

3. All accounts of which the natural person and/or the persons referred to in this section are the only primary beneficiaries; and

4. All trusts of which the natural person and/or the persons referred to in this section are the only primary beneficiaries.

02-032 C.M.R. ch. 516, § 1