Maine § 32 §16510 Rescission offers

Maine Statutes

§ 32 §16510 — Rescission offers

Maine § 32 §16510

Title 32PROFESSIONS AND OCCUPATIONS

Ch. 135MAINE UNIFORM SECURITIES ACT

This text of Maine § 32 §16510 (Rescission offers) 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. 32, § 32 §16510 (2026).

Text

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.

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

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.