1964

LAWS OF MARYLAND

[Ch. 311

(N) SECURITIES ACT OF 1933; SECURITIES EXCHANGE ACT
OF 1934.

"SECURITIES ACT OF 1933," AND "SECURITIES EXCHANGE
ACT OF 1934" MEAN THE FEDERAL STATUTES OF THOSE NAMES.

(0)   SECURITY.

(1)   "SECURITY" MEANS ANY:

(I)   NOTE;

(II)   STOCK;

(III)       TREASURY STOCK;

(IV)        BOND;

(V)       DEBENTURE;

(VI)        EVIDENCE OF INDEBTEDNESS;

(VII) CERTIFICATE OF INTEREST OR
PARTICIPATION IN ANY PROFIT-SHARING AGREEMENT;

(VIII) COLLATERAL-TRUST CERTIFICATE;

(IX)                PREORGANIZATION CERTIFICATE OR
SUBSCRIPTION;

(X)       TRANSFERABLE SHARE;

(XI)        INVESTMENT CONTRACT;

(XII)        VOTING-TRUST CERTIFICATE;

(XIII)        CERTIFICATE OF DEPOSIT FOR A SECURITY;

(XIV)                   CERTIFICATE OF INTEREST OR
PARTICIPATION IN AN OIL, GAS, OR MINING TITLE OR LEASE OR
IN PAYMENTS OUT OF PRODUCTION UNDER THE TITLE OR LEASE;
OR

(XV)           IN GENERAL,         INTEREST OR INSTRUMENT
COMMONLY KNOWN AS A "SECURITY"; OR

(XVI)                CERTIFICATE OF INTEREST OR
PARTICIPATION IN, TEMPORARY OR INTERIM CERTIFICATE FOR,
RECEIPT FOR, GUARANTEE OF, OR WARRANT OR RIGHT TO
SUBSCRIBE TO OR PURCHASE ANY OF THE PRECEDING.

(2)        "SECURITY" DOES NOT INCLUDE ANY INSURANCE
OR ENDOWMENT POLICY OR ANNUITY CONTRACT UNDER WHICH AN
INSURANCE COMPANY PROMISES TO PAY MONEY EITHER IN A LUMP