Terms Used In Maine Revised Statutes > Title 22 > Subtitle 2 > Part 4 > Chapter 403-A - Direct Primary Care Service Agreements

• Clearing corporation: means :
  (i) A person that is registered as a "clearing agency" under the federal securities laws;
  (ii) A federal reserve bank; or
  (iii) Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including adoption of rules, are subject to regulation by a federal or state governmental authority. See Maine Revised Statutes Title 11 Sec. 8-1102
• Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A
• Financial asset: except as otherwise provided in section 8?1103, means:
  (i) A security;
  (ii) An obligation of a person or a share, participation or other interest in a person or in property or an enterprise of a person that is, or is of a type, dealt in or traded on financial markets or that is recognized in any area in which it is issued or dealt in as a medium for investment; or
  (iii) Any property that is held by a securities intermediary for another person in a securities account if the securities intermediary has expressly agreed with the other person that the property is to be treated as a financial asset under this Article. See Maine Revised Statutes Title 11 Sec. 8-1102
• Security: except as otherwise provided in section 8?1103, means an obligation of an issuer or a share, participation or other interest in an issuer or in property or an enterprise of an issuer:
  (i) That is represented by a security certificate in bearer or registered form or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;
  (ii) That is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests or obligations; and
  (iii) That:

  (A) Is, or is of a type, dealt in or traded on securities exchanges or securities markets; or

  (B) Is a medium for investment and by its terms expressly provides that it is a security governed by this Article. See Maine Revised Statutes Title 11 Sec. 8-1102
• Security certificate: means a certificate representing a security. See Maine Revised Statutes Title 11 Sec. 8-1102