LD 509
pg. 88
Page 87 of 94 PUBLIC Law Chapter 65 Page 89 of 94
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LR 441
Item 1

 
within one year after the effective date of this chapter pursuant
to an offering made in good faith before the effective date of this
chapter on the basis of an exemption available under the
predecessor act.

 
PART B

 
Sec. B-1. 24-A MRSA §2517, sub-§3 is enacted to read:

 
3.__The superintendent shall adopt rules regarding the
suitability of sales of annuities for the purpose of protecting
the consumer and furthering uniformity of laws with other states.__
Rules adopted pursuant to this section are routine technical
rules pursuant to Title 5, chapter 375, subchapter 2-A.

 
PART C

 
Sec. C-1. 4 MRSA §152, sub-§9, as amended by PL 2001, c. 229, §1, is
further amended to read:

 
9. Licensing jurisdiction. Except as provided in Title 5,
section 10004; Title 8, section 279-B; Title 10, section 8003,
subsection 5; Title 20-A, sections 10712 and 10713; Title 29-A;
Title 32, chapters 2-B, 105 and 114 and 135; and Title 35-A,
section 3132, exclusive jurisdiction upon complaint of an agency
or, if the licensing agency fails or refuses to act within a
reasonable time, upon complaint of the Attorney General to revoke
or suspend licenses issued by the agency. The District Court has
original jurisdiction upon complaint of a licensing agency to
determine whether renewal or reissuance of a license of that
agency may be refused. The District Court has original
concurrent jurisdiction to grant equitable relief in proceedings
initiated by an agency or the Department of the Attorney General
alleging any violation of a license or licensing laws or rules.

 
Notwithstanding any other provisions of law, a licensing agency
may not reinstate or otherwise affect a license suspended,
revoked or modified by the District Court pursuant to a complaint
filed by the Attorney General without the approval of the
Attorney General;

 
Sec. C-2. 5 MRSA §194-B, sub-§2, ¶B, as enacted by PL 2001, c. 550, Pt.
A, §2, is amended to read:

 
B. Sales or transfers for fair market value of:

 
(1) Any interest in property owned by the public charity or any
wholly owned subsidiary, the net


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