Maine Revised Statutes
Chapter 123: UNINSURED BANKS
9-B §1235. Lending limits

§1235. Lending limits
An uninsured bank's lending limit is governed by section 439-A or rules adopted under section 439-A, except that loans or extensions of credit to a person are limited to 15% of total capital.   [PL 1997, c. 398, Pt. J, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §J2 (NEW).

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Structure Maine Revised Statutes

Maine Revised Statutes

TITLE 9-B: FINANCIAL INSTITUTIONS

Part 12: SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS

Chapter 123: UNINSURED BANKS

9-B §1231. General authority and purpose

9-B §1232. Organization of uninsured banks

9-B §1233. Capital

9-B §1233-A. Asset pledge

9-B §1234. Cash reserves on deposits and accounts

9-B §1235. Lending limits

9-B §1236. Deposits

9-B §1237. Disclosure of uninsured status

9-B §1238. Rules

9-B §1239. Holding companies of uninsured banks