Me. Rev. Stat. tit. 32, § 16301 (2025)
It is unlawful for a person to offer or sell a security in this State unless:
1. Federal covered security The security is a federal covered security;
[PL 2005, c. 65, Pt. A, §2 (NEW).]
2. Exempt from registration The security, transaction or offer is exempted from registration under sections 16201 to 16203; or
[PL 2005, c. 65, Pt. A, §2 (NEW).]
3. Registered The security is registered under this chapter.
[PL 2005, c. 65, Pt. A, §2 (NEW).]
PL 2005, c. 65, §A2 (NEW).