Maine § 10 §1399 Civil liability

Maine Statutes

§ 10 §1399 — Civil liability

Maine § 10 §1399

Title 10COMMERCE AND TRADE

Part 3REGULATION OF TRADE

Ch. 212-CREGULATION OF EXCHANGE FACILITATORS

This text of Maine § 10 §1399 (Civil liability) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 10, § 10 §1399 (2026).

Text

1.Claim on bonds, deposits or letters of credit. The administrator may file a claim on behalf of any client or clients on the bonds, deposits or letters of credit described in section 1397, subsection 1 to recover the damages as a result of financial loss or damages by reason of the failure of an exchange facilitator to comply with this chapter.

2.Civil action. A person may bring a civil action in a court of competent jurisdiction against an exchange facilitator for any violation of this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Claim on bonds, deposits or letters of credit.
The administrator may file a claim on behalf of any client or clients on the bonds, deposits or letters of credit described in section 1397, subsection 1 to recover the damages as a result of financial loss or damages by reason of the failure of an exchange facilitator to comply with this chapter.
2.
Civil action.
A person may bring a civil action in a court of competent jurisdiction against an exchange facilitator for any violation of this chapter.