Maine § 20-A §11482 Exemption from registration

Maine Statutes

§ 20-A §11482 — Exemption from registration

Maine § 20-A §11482

Title 20-AEDUCATION

Part 5POST-SECONDARY EDUCATION

Ch. 417-EMAINE EDUCATION SAVINGS PROGRAM

This text of Maine § 20-A §11482 (Exemption from registration) 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. 20-A, § 20-A §11482 (2026).

Text

A participation agreement offered pursuant to this chapter is not a security as defined in Title 32, section 16102, subsection 28. The authority may obtain written advice of legal counsel or written advice from the United States Securities and Exchange Commission, or both, that the offering of a participation agreement is not subject to federal securities laws but is in compliance with those laws and is not in violation of other applicable laws.

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A participation agreement offered pursuant to this chapter is not a security as defined in Title 32, section 16102, subsection 28. The authority may obtain written advice of legal counsel or written advice from the United States Securities and Exchange Commission, or both, that the offering of a participation agreement is not subject to federal securities laws but is in compliance with those laws and is not in violation of other applicable laws.