§413. Borrowing
A financial institution may borrow money on such terms and conditions as it may determine, issue its notes, bonds and other obligations and secure any of its obligations by mortgage, pledge or other encumbrance of all or any part of its property. [PL 1997, c. 398, Pt. I, §4 (AMD).]
1. Capital notes or debentures.
[PL 1997, c. 398, Pt. I, §5 (RP).]
2. Mortgage-backed securities.
[PL 1997, c. 398, Pt. I, §6 (RP).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §19 (AMD). PL 1997, c. 22, §11 (AMD). PL 1997, c. 398, §§I4-6 (AMD).
Structure Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS
Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS
9-B §411. Applicability of chapter
9-B §412. General corporate powers
9-B §414. Deposits in financial institutions (REPEALED)
9-B §415. Participation in public agencies
9-B §416. Powers of federally chartered institutions