§419-A. Property ownership
In addition to real estate owned for offices and facilities pursuant to chapter 33, a financial institution may acquire all property, real, personal and mixed, by mortgage foreclosure, purchase or by any other means and may hold the property for investment purposes and may improve, develop, lease, contract, convey and otherwise exercise control over the property. [PL 1997, c. 398, Pt. I, §10 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I10 (NEW).
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 Deposits in financial institutions (REPEALED)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