§417. Equity interest in Maine financial institutions
A financial institution authorized to do business in this State may acquire more than 5% of the equity interest of any other financial institution authorized to do business in this State or of a Maine financial institution holding company with the prior approval of the superintendent. [PL 1997, c. 398, Pt. I, §9 (AMD).]
SECTION HISTORY
PL 1983, c. 55, §1 (NEW). PL 1983, c. 597, §1 (AMD). PL 1997, c. 398, §I9 (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 Deposits in financial institutions (REPEALED)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