LD 509
pg. 74
Page 73 of 183 An Act To Adopt the Maine Uniform Securities Act Page 75 of 183
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LR 441
Item 1

 
2.__Required records.__A registration statement and
accompanying records under this section must contain or be
accompanied by the following records in addition to the
information specified in section 16305 and a consent to service
of process complying with section 16611:

 
A.__A copy of the latest form of prospectus filed under the
federal Securities Act of 1933;

 
B.__If requested by the administrator, a copy of the
articles of incorporation and bylaws or their substantial
equivalents currently in effect; a copy of any agreement
with or among underwriters; a copy of any indenture or other
instrument governing the issuance of the security to be
registered; and a specimen, copy or description of the
security;

 
C.__Copies of any other information or any other records
filed by the issuer under the federal Securities Act of 1933
requested by the administrator; and

 
D.__An undertaking to forward each amendment to the federal
prospectus, other than an amendment that delays the
effective date of the registration statement, promptly after
it is filed with the Securities and Exchange Commission.

 
3.__Conditions for effectiveness of registration statement.__A
registration statement under this section becomes effective
simultaneously with or subsequent to the federal registration
statement when all the following conditions are satisfied:

 
A.__A stop order under subsection 4 or section 16306 or
issued by the Securities and Exchange Commission is not in
effect and a proceeding is not pending against the issuer
under section 16306; and

 
B.__The registration statement has been on file for at least
20 days or a shorter period provided by order issued under
this chapter.

 
4.__Notice of federal registration statement effectiveness.__
The registrant shall promptly notify the administrator in a
record of the date when the federal registration statement
becomes effective and the content of any price amendment and
shall promptly file a record containing the price amendment. If
the notice is not timely received, the administrator may issue a
stop order, without prior notice or hearing, retroactively
denying effectiveness to the registration statement or suspending
its effectiveness until compliance with this section. The
administrator shall promptly notify the registrant of an order by


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