LD 509
pg. 3
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LR 441
Item 1

 
C.__A bank, credit union or savings institution if its
activities as a broker-dealer are limited to those specified
in Section 3(a)(4)(B)(i) to (vi) and (viii) to (x); Section
3(a)(5)(B); and Section 3(a)(5)(C) of the federal Securities
Exchange Act of 1934, 15 United States Code, Sections
78c(a)(4) and (5);

 
D.__An international banking institution; or

 
E.__Any other person the administrator excludes, by rule or
order, consistent with the public interest and protection of
investors. Rules adopted pursuant to this paragraph are
routine technical rules as defined in Title 5, chapter 375,
subchapter 2-A.

 
5.__Depository institution. "Depository institution" means:

 
A.__A bank; or

 
B.__A savings institution, trust company, credit union or
similar institution that is organized or chartered under the
laws of a state or of the United States, authorized to
receive deposits and supervised and examined by an official
or agency of a state or the United States if its deposits or
share accounts 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.

 
"Depository institution" does not include an insurance company or
other organization primarily engaged in the business of
insurance; a Morris Plan bank; or an industrial loan company.

 
6.__Federal covered investment adviser. "Federal covered
investment adviser" means a person registered under the federal
Investment Advisers Act of 1940.

 
7.__Federal covered security. "Federal covered security" means
a security that is, or upon completion of a transaction will be,
a covered security under Section 18(b) of the federal Securities
Act of 1933, 15 United States Code, Section 77r(b) or rules or
regulations adopted pursuant to that provision.

 
8.__Filing. "Filing" means the receipt under this chapter of a
record by the administrator or a designee of the administrator.

 
9.__Fraud; deceit; defraud. "Fraud," "deceit" and "defraud"
are not limited to common law deceit.


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