Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
032 - OFFICE OF SECURITIES
Chapter 534 - LIMITED PRIVATE OFFERING EXEMPTIONS; PURCHASERS PRESENT IN THIS STATE AND SINGLE ISSUE
Current through 2024-13, March 27, 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.
STATUTORY AUTHORITY: 32 M.R.S.A. §16605
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