LD 509
pg. 43
Page 42 of 183 An Act To Adopt the Maine Uniform Securities Act Page 44 of 183
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LR 441
Item 1

 
registration is required. Cf. Prelim. Note 6 to Regulation D
adopted under the Securities Act of 1933.

 
§16201. Exempt securities

 
The following securities are exempt from the requirements of
sections 16301 to 16306 and section 16504:

 
1.__United States Government, state and municipal securities.__
A security, including a revenue obligation or a separate security
as defined in 17 Code of Federal Regulations, 230.131 adopted
under the federal Securities Act of 1933, issued, insured or
guaranteed by the United States; by a state; by a political
subdivision of a state; by a public authority, agency or
instrumentality of one or more states; by a political subdivision
of one or more states; or by a person controlled or supervised by
and acting as an instrumentality of the United States under
authority granted by the Congress; or a certificate of deposit
for any of the foregoing;

 
2.__Foreign government securities.__A security issued, insured
or guaranteed by a foreign government with which the United
States maintains diplomatic relations, or any of its political
subdivisions, if the security is recognized as a valid obligation
by the issuer, insurer or guarantor;

 
3.__Depository institution and international banking
institution securities.__A security issued by and representing or
that will represent an interest in or a direct obligation of or
be guaranteed by:

 
A.__An international banking institution;

 
B.__A banking institution organized under the laws of the
United States; a member bank of the Federal Reserve System;
or a depository institution, a substantial portion of the
business of which consists or will consist of receiving
deposits or share accounts that are insured to the maximum
amount authorized by statute by the Federal Deposit
Insurance Corporation, the National Credit Union Share
Insurance Fund or a successor authorized by federal law or
exercising fiduciary powers that are similar to those
permitted for national banks under the authority of the
Comptroller of Currency pursuant to Section 1 of United
States Public Law 87-722, 12 United States Code, Section 92a
or a holding company of such a depository institution; or

 
C.__Any other depository institution, unless by rule or
order the administrator proceeds under section 16204;


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