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2012 Maine Revised Statutes
TITLE 10: COMMERCE AND TRADE
Chapter 212-C: REGULATION OF EXCHANGE FACILITATORS
10 §1399. Civil liability


10 ME Rev Stat § 1399 (2012 through 125th Legis) What's This?

Part 3: REGULATION OF TRADE

§1399. Civil liability

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.

[ 2009, c. 61, §1 (NEW) .]

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.

[ 2009, c. 61, §1 (NEW) .]

SECTION HISTORY

2009, c. 61, §1 (NEW).

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