Maine § 10 §1109 Acquisition of gasoline and heating oil assets

Maine Statutes

§ 10 §1109 — Acquisition of gasoline and heating oil assets

Maine·Title 10 COMMERCE AND TRADE·Part 3 REGULATION OF TRADE·Ch. 201 MONOPOLIES AND PROFITEERING

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Prohibition. A person may not acquire, directly or indirectly, from a business engaged in gasoline sales or heating oil sales in this State, without prior notice as required under subsection 3:

3.Report. The person acquiring stock or assets under subsection 2 shall provide notice of this acquisition to the Department of the Attorney General at least 90 days prior to the date of acquisition. That period may be shortened with the consent of the Attorney General.

4.Confidentiality. Information received by the Department of the Attorney General as a result of this reporting requirement is confidential.

5.Penalty. Violation of this section is a civil violation

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1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Prohibition.
A person may not acquire, directly or indirectly, from a business engaged in gasoline sales or heating oil sales in this State, without prior notice as required under subsection 3:
3.
Report.
The person acquiring stock or assets under subsection 2 shall provide notice of this acquisition to the Department of the Attorney General at least 90 days prior to the date of acquisition. That period may be shortened with the consent of the Attorney General.
4.
Confidentiality.
Information received by the Department of the Attorney General as a result of this reporting requirement is confidential.
5.
Penalty.
Violation of this section is a civil violation for which a civil penalty not to exceed $50,000 may be assessed.

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Legislative History

PL 1989, c. 750 (NEW). PL 1991, c. 488 (AMD). PL 1993, c. 719, §2 (AMD). PL 1993, c. 719, §12 (AFF). PL 1995, c. 65, §A13 (AMD). PL 1995, c. 65, §§A153,C15 (AFF). PL 2023, c. 538, §§3, 4 (AMD).