Section 032-532-3 - ExemptionAn Internet offer by, or on behalf of, an issuer is exempt from the registration requirements of Subchapter 3 of the Maine Uniform Securities Act, provided that:
1. The Internet offer prominently and conspicuously indicates in the offer and on the cover page of any offering document and on any subscription agreement document either: A. That the securities are not being offered to persons in Maine; orB. In which specific states, other than Maine, the securities are being offered;2. The offer is not otherwise directed to any person in Maine by, or on behalf of, the issuer of the securities; and3. No sale of the issuer's securities is made in Maine as a direct or indirect result of the Internet offering: A. Until the securities being offered are registered under Subchapter 3 of the Maine Uniform Securities Act, and a final prospectus or other offering document is delivered to Maine investors prior to any sales; orB. Unless the sale is exempt from the registration provisions of the Maine Uniform Securities Act.02-032 C.M.R. ch. 532, § 3