C.M.R. 02, 032, ch. 534
Current through 2024-51, December 18, 2024
Summary: The Maine Uniform Securities Act contains two private offering exemptions at 32 M.R.S.A. §16202(14) and (15) that are limited in their application to a single issue sold to a limited number of purchasers who are present in this State during any 12 consecutive months. This rule articulates standards for calculating the number of purchasers of a particular offering and describes factors that are relevant to a determination of whether an offering is a single issue or whether two purportedly separate offerings will be deemed to be integrated.
C.M.R. 02, 032, ch. 534
December 31, 2005 - filing 2005-509
NON-SUBSTANTIVE CORRECTIONS:
February 23, 2006 - punctuation of Section 3 heading only
STATUTORY AUTHORITY: 32 M.R.S.A. §16605