§312-A. Expedited authority
Notwithstanding any other provision of law, the superintendent may grant a certificate of public convenience and advantage for a corporation, limited liability company, limited partnership or limited liability partnership to conduct business as a financial institution effective immediately if the superintendent determines that such action is necessary for the protection of depositors or the public. This action may be taken only in conjunction with transactions processed under section 354‑A or 355‑A. [PL 1997, c. 398, Pt. C, §8 (AMD).]
SECTION HISTORY
PL 1991, c. 34, §1 (NEW). PL 1997, c. 398, §C8 (AMD).
Structure Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS
Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS
Chapter 31: ORGANIZATION AND MANAGEMENT OF INVESTOR-OWNED INSTITUTIONS
9-B §311. Applicability of chapter
9-B §312. Permission to organize
9-B §312-A. Expedited authority
9-B §313. Organization (REPEALED)
9-B §313-A. Certificate to commence business
9-B §314. Corporate finance (REPEALED)
9-B §314-A. Organizational documents
9-B §315. Stockhoders (REPEALED)
9-B §316. Board of directors (REPEALED)
9-B §317. Officers and employees (REPEALED)
9-B §318. Dividends, distributions and withdrawals
9-B §319. Special provisions for subsidiary banks of mutual holding companies