Maine § 32 §16510 Rescission offers

Maine Statutes

§ 32 §16510 — Rescission offers

Maine·Title 32 PROFESSIONS AND OCCUPATIONS·Ch. 135 MAINE UNIFORM SECURITIES ACT

1.Requirements. A purchaser, seller or recipient of investment advice may not maintain an action under section 16509 if:

2.Form of offer. The administrator, by rule or order, may prescribe the form in which the information specified in subsection 1 must be contained in any offer made under subsection 1. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.

3.Statute of limitation tolled. If an offer is not performed in accordance with its terms, suit by the offeree under section 16509 is permitted without regard to this section, and the statute of limitations tolls from the time of receipt of the offer until 120 days after the rescission or settlement offer was to have been performed.

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1.
Requirements.
A purchaser, seller or recipient of investment advice may not maintain an action under section 16509 if:
2.
Form of offer.
The administrator, by rule or order, may prescribe the form in which the information specified in subsection 1 must be contained in any offer made under subsection 1. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.
3.
Statute of limitation tolled.
If an offer is not performed in accordance with its terms, suit by the offeree under section 16509 is permitted without regard to this section, and the statute of limitations tolls from the time of receipt of the offer until 120 days after the rescission or settlement offer was to have been performed.

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