LD 509
pg. 82
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LR 441
Item 1

 
H.__Sharing and exchanging records, subject to section 16607;

 
I.__Formulating rules, statements of policy, guidelines,
forms and interpretative opinions and releases;

 
J.__ Formulating common systems and procedures;

 
K.__Notifying the public of proposed rules, forms,
statements of policy and guidelines;

 
L.__Attending conferences and other meetings among
securities regulators, which may include representatives of
governmental and private sector organizations involved in
capital formation, considered necessary or appropriate to
promote or achieve uniformity; and

 
M.__ Developing and maintaining a uniform exemption from
registration for small issuers and taking other steps to
reduce the burden of raising investment capital by small
businesses.

 
§16609.__Judicial review

 
1.__Judicial review of orders.__Notwithstanding Title 10,
section 8003, subsection 5, any person aggrieved by a final order
of the administrator may obtain judicial review of the order in
the Superior Court of Kennebec County by filing a petition in
accordance with Title 5, section 11001 and the Maine Rules of
Civil Procedure, Rule 80C.

 
2.__Judicial review of rules.__A rule adopted under this
chapter is subject to judicial review in accordance with the
Maine Administrative Procedure Act.

 
§16610.__Jurisdiction

 
1.__Sales and offers to sell.__The following sections do not
apply to a person that sells or offers to sell a security unless
the offer to sell or the sale is made in this State or the offer
to purchase or the purchase is made and accepted in this State:

 
A.__Section 16301;

 
B.__Section 16302;

 
C.__Section 16401, subsection 1;

 
D.__Section 16402, subsection 1;


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