Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
032 - OFFICE OF SECURITIES
Chapter 516 - DEFINITION OF CLIENT FOR PURPOSES OF INVESTMENT ADVISER LICENSING AND NOTICE FILING BY FEDERAL COVERED INVESTMENT ADVISERS
Section 032-516-1 - Natural persons
Universal Citation: 02 ME Code Rules ยง 032-516-1
Current through 2024-38, September 18, 2024
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.
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