Maine § 6135. - Registration standards

Full text of Maine Maine Revised Statutes § 6135. — Registration standards, with citation guidance and answers to common questions.

§ 6135.. Registration standards

1.  Investigation.  Upon the filing of an application for registration, the administrator shall investigate the applicant with respect to:

A. The business records and the capital adequacy of the person seeking the registration;   [PL 1997, c. 155, Pt. A, §2 (NEW).]

B. The competence, experience, integrity and financial ability of any individual who:  

(1) Is a director, officer or supervisory employee of the business; or  

(2) Owns or controls the business; and   [PL 1997, c. 155, Pt. A, §2 (NEW).]

C. The record of the applicant or of any person referenced in paragraph B with respect to:  

(1) Any criminal activity;  

(2) Any fraud or other act of personal dishonesty;  

(3) Any act, omission or practice that constitutes a breach of a fiduciary duty; or  

(4) Any suspension or removal, by any agency or department of the United States or any state, from participation in the conduct of any federally or state-licensed or regulated business.   [PL 1997, c. 155, Pt. A, §2 (NEW).]

2.  Grounds for denial.  If the investigation under subsection 1 results in findings that the applicant is not properly qualified to conduct business under this subchapter, those findings are grounds for denial of the application.

Frequently Asked Questions About Maine § 6135.

What does Maine Revised Statutes § 6135. cover?

Section 6135. ("Registration standards") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Maine § 6135.?

A common citation format is "Maine Revised Statutes § 6135." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Maine law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.

How does Maine § 6135. apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Maine.