Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS

9-B §162. Disclosure of financial records prohibited; exceptions - §162. Disclosure of financial records prohibited; exceptions A financial institution...

9-B §163. Subpoena, summons, warrant or court order - §163. Subpoena, summons, warrant or court order 1. Service. A...

9-B §164. Penalties - §164. Penalties 1. Violation. Any officer or employee of a...

Part 2: BUREAU OF FINANCIAL INSTITUTIONS

Chapter 21: ADMINISTRATION

9-B §211. Superintendent - §211. Superintendent 1. Appointment; term; qualifications. The activities of the...

9-B §212. Deputy superintendents and other personnel - §212. Deputy superintendents and other personnel 1. Deputy superintendents. A....

9-B §212-A. Securities Division (REPEALED) - §212-A. Securities Division (REPEALED) SECTION HISTORY PL 1985, c. 389,...

9-B §213. Prohibited relationships with supervised institutions - §213. Prohibited relationships with supervised institutions 1. Stockholder; payment from....

9-B §214. Revenues and expenses - §214. Revenues and expenses 1. Examination expenses. The expenses of...

9-B §215. Rules - §215. Rules The superintendent shall have the power to implement...

9-B §216. Advisory boards (REPEALED) - §216. Advisory boards (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §217. Annual reports to the Legislature - §217. Annual reports to the Legislature The superintendent shall report...

Chapter 22: EXAMINATIONS, RECORDS AND REPORTS

9-B §221. Examinations - §221. Examinations 1. Requirements. The superintendent shall examine each financial...

9-B §222. Reports and other information from supervised institutions - §222. Reports and other information from supervised institutions 1. General...

9-B §223. Publication and posting of reports - §223. Publication and posting of reports 1. Condition and income...

9-B §224. Records to be kept by supervised institutions - §224. Records to be kept by supervised institutions 1. Records...

9-B §225. Retention of financial institution records - §225. Retention of financial institution records 1. Superintendent's authority. All...

9-B §226. Confidentiality - §226. Confidentiality 1. Requirement. Except as provided in subsections 2...

9-B §226-A. Cooperative agreements - §226-A. Cooperative agreements The superintendent may enter into cooperative agreements...

9-B §227. Subpoena powers - §227. Subpoena powers The superintendent shall have the power and...

9-B §228. Report of violations - §228. Report of violations 1. Requirement. If, in the opinion...

Chapter 23: CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR

9-B §231. Cease and desist orders - §231. Cease and desist orders 1. Authority. The superintendent has...

9-B §232. Removal or prohibition of officer or director - §232. Removal or prohibition of officer or director The superintendent...

9-B §233. Enforcement by Superior Court - §233. Enforcement by Superior Court Orders issued by the superintendent...

9-B §234. Notice to Federal authorities - §234. Notice to Federal authorities 1. Requirement. In connection with...

9-B §235. Change of director or senior executive officer - §235. Change of director or senior executive officer 1. Definitions....

Chapter 24: ANTICOMPETITIVE OR DECEPTIVE PRACTICES

9-B §241. Anticompetitive or unfair practices - §241. Anticompetitive or unfair practices 1. Rules and regulations. A....

9-B §242. Deceptive advertising - §242. Deceptive advertising 1. Rules. The superintendent has authority to...

9-B §243. Tie-in arrangements - §243. Tie-in arrangements 1. Prohibition. A financial institution authorized to...

9-B §243-A. Electronic terminals; fees for and records of transactions - §243-A. Electronic terminals; fees for and records of transactions 1....

9-B §244. Exemption - §244. Exemption A financial institution authorized to do business in...

Chapter 25: ADMINISTRATIVE PROCEDURES

9-B §251. Rule-making - §251. Rule-making Promulgation of rules of the bureau, and amendments...

9-B §252. Decision-making - §252. Decision-making Decision-making of the bureau shall conform to the...

9-B §253. Criteria for decision-making - §253. Criteria for decision-making The superintendent shall take into account,...

9-B §254. Hearings by superintendent (REPEALED) - §254. Hearings by superintendent (REPEALED) SECTION HISTORY PL 1975, c....

9-B §255. Hearings on petition of 25 persons - §255. Hearings on petition of 25 persons 1. Alleged noncompliance...

9-B §256. Judicial review of superintendent's action - §256. Judicial review of superintendent's action Any person or organization...

Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS

Chapter 31: ORGANIZATION AND MANAGEMENT OF INVESTOR-OWNED INSTITUTIONS

9-B §311. Applicability of chapter - §311. Applicability of chapter The provisions of this chapter govern...

9-B §312. Permission to organize - §312. Permission to organize 1. Incorporators. [PL 1997, c. 398,...

9-B §312-A. Expedited authority - §312-A. Expedited authority Notwithstanding any other provision of law, the...

9-B §313. Organization (REPEALED) - §313. Organization (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §313-A. Certificate to commence business - §313-A. Certificate to commence business 1. Requirements. A corporation, limited...

9-B §314. Corporate finance (REPEALED) - §314. Corporate finance (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §314-A. Organizational documents - §314-A. Organizational documents 1. Financial institutions organized as corporations. The...

9-B §315. Stockhoders (REPEALED) - §315. Stockhoders (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §316. Board of directors (REPEALED) - §316. Board of directors (REPEALED) SECTION HISTORY PL 1975, c....

9-B §316-A. Governing body - §316-A. Governing body Except as provided in this section, the...

9-B §317. Officers and employees (REPEALED) - §317. Officers and employees (REPEALED) SECTION HISTORY PL 1975, c....

9-B §317-A. Officers - §317-A. Officers Except as provided in this section, the powers...

9-B §318. Dividends, distributions and withdrawals - §318. Dividends, distributions and withdrawals 1. Limitation. A financial institution...

9-B §319. Special provisions for subsidiary banks of mutual holding companies - §319. Special provisions for subsidiary banks of mutual holding companies...

Chapter 32: ORGANIZATION AND MANAGEMENT OF MUTUAL AND COOPERATIVE FINANCIAL INSTITUTIONS

9-B §321. Applicability of chapter - §321. Applicability of chapter The provisions of this chapter govern...

9-B §322. Permission to organize - §322. Permission to organize 1. Organizers. Any number of persons,...

9-B §323. Organization - §323. Organization Upon receipt of a certificate of public convenience...

9-B §324. Corporate finance - §324. Corporate finance 1. Initial capital deposits. A. The initial...

9-B §325. Corporators and members - §325. Corporators and members 1. Corporators of mutual financial institutions....

9-B §326. Board of directors - §326. Board of directors Except as provided in this section...

9-B §327. Officers and employees - §327. Officers and employees Except as provided in this section,...

Chapter 33: BRANCHES

9-B §331. Applicability of chapter; statewide branching - §331. Applicability of chapter; statewide branching 1. Applicability. The provisions...

9-B §332. Branch offices - §332. Branch offices 1. Approval of governing body. All or...

9-B §333. Limited-time, in-school or seasonal branch offices (REPEALED) - §333. Limited-time, in-school or seasonal branch offices (REPEALED) SECTION HISTORY...

9-B §334. Satellite facilities - §334. Satellite facilities 1. Superintendent's approval. A financial institution or...

9-B §335. Change of office location; closing of an office - §335. Change of office location; closing of an office 1....

9-B §336. Approval powers of superintendent - §336. Approval powers of superintendent 1. Notification required; application upon...

9-B §337. Real estate for offices and facilities - §337. Real estate for offices and facilities 1. Authority. A...

9-B §338. Operating hours: branch offices and facilities - §338. Operating hours: branch offices and facilities 1. Permissible operating...

9-B §339. Mobile branches and branches in other states (REPEALED) - §339. Mobile branches and branches in other states (REPEALED) SECTION...

9-B §339-A. Interstate branches and satellite facilities - §339-A. Interstate branches and satellite facilities 1. Interstate branches. Except...

Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM

9-B §341. Applicability of chapter; fees - §341. Applicability of chapter; fees 1. Applicability. The provisions of...

9-B §342. Conversion to new charter: federal to State; State to federal; out of state to State - §342. Conversion to new charter: federal to State; State to...

9-B §342-A. Authority for expedited conversion to new charter; federal to state - §342-A. Authority for expedited conversion to new charter; federal to...

9-B §343. Conversion of institutional charter - §343. Conversion of institutional charter A financial institution organized under...

9-B §344. Conversion: mutual ownership change - §344. Conversion: mutual ownership change With the superintendent's approval, and...

9-B §345. Conversion; investor to mutual ownership - §345. Conversion; investor to mutual ownership With the superintendent's approval,...

9-B §345-A. Authority for expedited charter conversions - §345-A. Authority for expedited charter conversions Notwithstanding any other provision...

9-B §345-B. Conversion; investor to investor ownership - §345-B. Conversion; investor to investor ownership With the superintendent's approval...

9-B §346. Change of institutional name - §346. Change of institutional name 1. Authorization; prohibitions. Any financial...

9-B §347. Effect of conversion or amendment; nonconforming activities - §347. Effect of conversion or amendment; nonconforming activities The financial...

Chapter 35: MERGERS, CONSOLIDATIONS AND ACQUISITIONS

9-B §351. Applicability of chapter; fees - §351. Applicability of chapter; fees 1. Applicability. The provisions of...

9-B §352. Mergers and consolidations; investor-owned institutions - §352. Mergers and consolidations; investor-owned institutions Any 2 or more...

9-B §353. Mergers and consolidations; mutual financial institutions - §353. Mergers and consolidations; mutual financial institutions Any 2 or...

9-B §354. Mergers and consolidations; investor-owned and mutual financial institutions - §354. Mergers and consolidations; investor-owned and mutual financial institutions 1....

9-B §354-A. Authority for expedited mergers and consolidations - §354-A. Authority for expedited mergers and consolidations Notwithstanding any other...

9-B §355. Acquisition of assets; assumption of liabilities - §355. Acquisition of assets; assumption of liabilities A financial institution...

9-B §355-A. Authority for expedited acquisitions - §355-A. Authority for expedited acquisitions Notwithstanding any other provision of...

9-B §356. Book value of assets (REPEALED) - §356. Book value of assets (REPEALED) SECTION HISTORY PL 1975,...

9-B §357. Effect of merger, consolidation, conversion or acquisition - §357. Effect of merger, consolidation, conversion or acquisition From and...

9-B §358. Nonconforming activities: cessation - §358. Nonconforming activities: cessation If, as a result of a...

Chapter 36: CONSERVATION, LIQUIDATION AND INSOLVENCY

9-B §361. Applicability of chapter - §361. Applicability of chapter Notwithstanding any other provisions of law,...

9-B §362. Payments restrained to preserve assets or protect depositors - §362. Payments restrained to preserve assets or protect depositors 1....

9-B §363. Conservation of assets (REPEALED) - §363. Conservation of assets (REPEALED) SECTION HISTORY PL 1975, c....

9-B §363-A. Conservation of assets - §363-A. Conservation of assets 1. Appointment of conservator. Whenever, in...

9-B §364. Voluntary liquidation - §364. Voluntary liquidation 1. Application to court. Whenever, in the...

9-B §365. Insolvency liquidation - §365. Insolvency liquidation 1. Injunction against insolvent institution. [PL 1991,...

9-B §366. Mutual institutions: insolvency; bylaws (REPEALED) - §366. Mutual institutions: insolvency; bylaws (REPEALED) SECTION HISTORY PL 1975,...

9-B §367. Additional authority in conservation and liquidation (REPEALED) - §367. Additional authority in conservation and liquidation (REPEALED) SECTION HISTORY...

9-B §367-A. Additional authority in conservation and liquidation - §367-A. Additional authority in conservation and liquidation 1. Attachments and...

9-B §368. Additional authority in liquidation - §368. Additional authority in liquidation 1. Rulemaking. The superintendent may...

9-B §368-A. FDIC; acquisition of stock - §368-A. FDIC; acquisition of stock The superintendent may waive the...

9-B §369. Judicial review - §369. Judicial review 1. Action by financial institution. A financial...

Chapter 37: INTERSTATE BRANCHING, MERGERS, CONSOLIDATIONS AND ACQUISITIONS

9-B §371. Applicability of chapter; fees - §371. Applicability of chapter; fees 1. Applicability. The provisions of...

9-B §372. Definitions - §372. Definitions As used in this chapter, unless the context...

9-B §373. Interstate combinations, branch acquisitions and de novo establishments - §373. Interstate combinations, branch acquisitions and de novo establishments 1....

9-B §374. Authority for expedited transactions - §374. Authority for expedited transactions Notwithstanding any other provision of...

9-B §375. Applicable concentration limits - §375. Applicable concentration limits Any interstate combination or branch acquisition...

9-B §376. Activities of interstate branches - §376. Activities of interstate branches 1. Branches of financial institutions...

9-B §377. Corporate filing requirements - §377. Corporate filing requirements 1. Applicability of Title 13-C. An...

9-B §378. Effective date - §378. Effective date This chapter takes effect January 1, 1997....

Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS

Chapter 41: GENERAL POWERS

9-B §411. Applicability of chapter - §411. Applicability of chapter The provisions of this chapter set...

9-B §412. General corporate powers - §412. General corporate powers A financial institution organized under chapter...

9-B §412-A. Capital - §412-A. Capital 1. Requirement. Every financial institution shall establish and...

9-B §413. Borrowing - §413. Borrowing A financial institution may borrow money on such...

9-B §414. Deposits in financial institutions (REPEALED) - §414. Deposits in financial institutions (REPEALED) SECTION HISTORY PL 1975,...

9-B §415. Participation in public agencies - §415. Participation in public agencies To the extent authorized by...

9-B §416. Powers of federally chartered institutions - §416. Powers of federally chartered institutions Notwithstanding any other provisions...

9-B §417. Equity interest in Maine financial institutions - §417. Equity interest in Maine financial institutions A financial institution...

9-B §418. Acting as agent - §418. Acting as agent A financial institution or a financial...

9-B §419. Investment powers - §419. Investment powers 1. Investment and equity securities. A financial...

9-B §419-A. Property ownership - §419-A. Property ownership In addition to real estate owned for...

Chapter 42: DEPOSITS IN GENERAL

9-B §421. Applicability of chapter; tax exemption - §421. Applicability of chapter; tax exemption 1. Applicability. The sections...

9-B §421-A. General deposit powers - §421-A. General deposit powers Unless otherwise prohibited by state law,...

9-B §422. Insurance of deposits or accounts - §422. Insurance of deposits or accounts 1. Requirement. A financial...

9-B §422-A. Cash reserves on deposits and accounts - §422-A. Cash reserves on deposits and accounts 1. Requirement. A...

9-B §423. Demand deposits (REPEALED) - §423. Demand deposits (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §424. NOW accounts (REPEALED) - §424. NOW accounts (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §425. Computation of dividends and interest on deposits and accounts (REPEALED) - §425. Computation of dividends and interest on deposits and accounts...

9-B §426. Savings deposits or accounts: written notice of withdrawal - §426. Savings deposits or accounts: written notice of withdrawal 1....

9-B §427. Deposit or account transactions - §427. Deposit or account transactions 1. Minor's deposits or accounts....

9-B §428. Inactive deposits or accounts - §428. Inactive deposits or accounts All moneys in unclaimed accounts...

9-B §429. Residential mortgage escrow accounts - §429. Residential mortgage escrow accounts 1. Definition. As used in...

Chapter 43: LOANS IN GENERAL

9-B §431. Applicability of chapter - §431. Applicability of chapter The sections of this chapter govern...

9-B §431-A. Loan powers - §431-A. Loan powers 1. General loan authority. Unless otherwise prohibited...

9-B §432. Interest on loans - §432. Interest on loans 1. Interest absent in writing. The...

9-B §433. Fair credit extension - §433. Fair credit extension Every financial institution authorized to do...

9-B §434. Loan participations and purchases (REPEALED) - §434. Loan participations and purchases (REPEALED) SECTION HISTORY PL 1975,...

9-B §435. Minority of borrower - §435. Minority of borrower 1. Limitation on disability. The disability...

9-B §436. Open-end mortgages - §436. Open-end mortgages 1. Authorization; requirements. Any interest in real...

9-B §437. Repayment of noncommercial and consumer loans (REPEALED) - §437. Repayment of noncommercial and consumer loans (REPEALED) SECTION HISTORY...

9-B §438. Federal funds loans or sales (REPEALED) - §438. Federal funds loans or sales (REPEALED) SECTION HISTORY PL...

9-B §439. Attorneys (REPEALED) - §439. Attorneys (REPEALED) SECTION HISTORY PL 1979, c. 531 (NEW)....

9-B §439-A. Lending limits - §439-A. Lending limits 1. Definitions. As used in this section,...

Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES

9-B §441. Applicability of chapter - §441. Applicability of chapter The provisions of this chapter govern...

9-B §441-A. General powers - §441-A. General powers Unless otherwise prohibited or limited by this...

9-B §442. Trustee, self-employment retirement plans - §442. Trustee, self-employment retirement plans 1. Authorization; limitation. Financial institutions...

9-B §443. Services for customers - §443. Services for customers In addition to all customer services...

9-B §444. Credit cards (REPEALED) - §444. Credit cards (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §445. Service corporations - §445. Service corporations 1. Authorization. A financial institution may establish,...

9-B §446. Closely-related activities (REPEALED) - §446. Closely-related activities (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §446-A. Closely related activities - §446-A. Closely related activities A financial institution authorized to do...

9-B §447. Real estate appraisals; copies - §447. Real estate appraisals; copies A financial institution that imposes...

9-B §448. Insurance agency activities - §448. Insurance agency activities 1. Authorization. A financial institution authorized...

Chapter 45: RECORDS AND REPORTS

9-B §451. Applicability of chapter - §451. Applicability of chapter The provisions of this chapter apply...

9-B §452. Maintenance of records; accounting and assets - §452. Maintenance of records; accounting and assets 1. Safekeeping of...

9-B §453. Annual audits - §453. Annual audits 1. Selection of auditor. The governing body...

9-B §454. Destruction of deposit records - §454. Destruction of deposit records Any statement of account rendered...

Chapter 46: PROHIBITIONS

9-B §461. Applicability of chapter - §461. Applicability of chapter The provisions of this chapter setting...

9-B §462. Interlocks of directors, corporators and officers - §462. Interlocks of directors, corporators and officers 1. Prohibited interlocks....

9-B §463. Stock in Maine financial institutions (REPEALED) - §463. Stock in Maine financial institutions (REPEALED) SECTION HISTORY PL...

9-B §464. Loans on shares of stock - §464. Loans on shares of stock 1. Prohibition. A financial...

9-B §465. Loans to directors, corporators or officers (REPEALED) - §465. Loans to directors, corporators or officers (REPEALED) SECTION HISTORY...

9-B §465-A. Loans to stockholders, directors or officers - §465-A. Loans to stockholders, directors or officers 1. Authorization. A...

9-B §466. Unlawful acts - §466. Unlawful acts The acts set forth in this section...

9-B §467. Outside business interests - §467. Outside business interests 1. Acting as broker-dealer prohibited. [PL...

9-B §468. Restrictions on transactions with affiliates - §468. Restrictions on transactions with affiliates 1. Definitions. As used...

9-B §469. Fundamental change in asset composition - §469. Fundamental change in asset composition 1. Requirement of prior...

Chapter 47: TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS

9-B §471. General - §471. General A financial institution may act as trustee, executor,...

9-B §472. Notice - §472. Notice A financial institution shall provide the superintendent 60...

9-B §473. Trust assets - §473. Trust assets 1. Separation of trust assets. Except as...

9-B §474. Bond - §474. Bond A surety is not necessary on the bond...

9-B §475. Rulemaking - §475. Rulemaking The superintendent may adopt rules governing the trust...

9-B §476. Transfer of fiduciary relationships to and from affiliated financial institutions - §476. Transfer of fiduciary relationships to and from affiliated financial...

Part 5: SAVINGS BANKS

Chapter 51: CAPITAL AND CASH RESERVE (REPEALED)

9-B §511. Applicable law; powers (REPEALED) - §511. Applicable law; powers (REPEALED) SECTION HISTORY PL 1975, c....

9-B §512. Undivided profits (REPEALED) - §512. Undivided profits (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §513. Guaranty fund (REPEALED) - §513. Guaranty fund (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §514. Cash reserve (REPEALED) - §514. Cash reserve (REPEALED) SECTION HISTORY PL 1975, c. 500,...

Chapter 52: DEPOSITS (REPEALED)

9-B §521. Deposits in general (REPEALED) - §521. Deposits in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §522. Classification and amounts (REPEALED) - §522. Classification and amounts (REPEALED) SECTION HISTORY PL 1975, c....

9-B §523. Dividends and interest on deposits and accounts (REPEALED) - §523. Dividends and interest on deposits and accounts (REPEALED) SECTION...

9-B §524. Trust assets (REPEALED) - §524. Trust assets (REPEALED) SECTION HISTORY PL 1983, c. 89,...

9-B §525. Deposits of fiduciaries and other officials (REPEALED) - §525. Deposits of fiduciaries and other officials (REPEALED) SECTION HISTORY...

9-B §526. Pledge of assets for deposits (REPEALED) - §526. Pledge of assets for deposits (REPEALED) SECTION HISTORY PL...

Chapter 53: LOANS (REPEALED)

9-B §531. Loans in general (REPEALED) - §531. Loans in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §532. Real estate mortgage loans (REPEALED) - §532. Real estate mortgage loans (REPEALED) SECTION HISTORY PL 1975,...

9-B §533. Other mortgage loans (REPEALED) - §533. Other mortgage loans (REPEALED) SECTION HISTORY PL 1975, c....

9-B §534. Other loans (REPEALED) - §534. Other loans (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §534-A. Commercial loans (REPEALED) - §534-A. Commercial loans (REPEALED) SECTION HISTORY PL 1981, c. 646,...

9-B §534-B. Individual borrower loan limitations (REPEALED) - §534-B. Individual borrower loan limitations (REPEALED) SECTION HISTORY PL 1987,...

9-B §535. Loan participations (REPEALED) - §535. Loan participations (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §536. Other prudent loans (REPEALED) - §536. Other prudent loans (REPEALED) SECTION HISTORY PL 1975, c....

9-B §537. Additional loans authorized by superintendent (REPEALED) - §537. Additional loans authorized by superintendent (REPEALED) SECTION HISTORY PL...

9-B §538. Miscellaneous loans (REPEALED) - §538. Miscellaneous loans (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §539. Aggregate limitation on loans (REPEALED) - §539. Aggregate limitation on loans (REPEALED) SECTION HISTORY PL 1975,...

9-B §539-A. Commercial lines of credit (REPEALED) - §539-A. Commercial lines of credit (REPEALED) SECTION HISTORY PL 1983,...

Chapter 54: REAL PROPERTY OWNERSHIP (REPEALED)

9-B §541. Real estate investment in general (REPEALED) - §541. Real estate investment in general (REPEALED) SECTION HISTORY PL...

9-B §542. Real estate other than for offices (REPEALED) - §542. Real estate other than for offices (REPEALED) SECTION HISTORY...

9-B §543. Housing development real estate (REPEALED) - §543. Housing development real estate (REPEALED) SECTION HISTORY PL 1975,...

Chapter 55: INVESTMENTS IN SECURITIES (REPEALED)

9-B §551. Investments in general (REPEALED) - §551. Investments in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §552. Government unit bonds (REPEALED) - §552. Government unit bonds (REPEALED) SECTION HISTORY PL 1975, c....

9-B §553. Corporate securities (REPEALED) - §553. Corporate securities (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §554. Financial institution stock and other obligations (REPEALED) - §554. Financial institution stock and other obligations (REPEALED) SECTION HISTORY...

9-B §555. Other stock investments (REPEALED) - §555. Other stock investments (REPEALED) SECTION HISTORY PL 1975, c....

9-B §556. Other prudent securities (REPEALED) - §556. Other prudent securities (REPEALED) SECTION HISTORY PL 1975, c....

9-B §557. Retention of unauthorized securities (REPEALED) - §557. Retention of unauthorized securities (REPEALED) SECTION HISTORY PL 1975,...

9-B §558. Change in investment limitations (REPEALED) - §558. Change in investment limitations (REPEALED) SECTION HISTORY PL 1975,...

9-B §559. Subsidiary companies (REPEALED) - §559. Subsidiary companies (REPEALED) SECTION HISTORY PL 1975, c. 500,...

Chapter 55-A: INVESTMENT IN SECURITIES (REPEALED)

9-B §559-A. Investments in general (REPEALED) - §559-A. Investments in general (REPEALED) SECTION HISTORY PL 1987, c....

9-B §559-B. Retention of unauthorized securities (REPEALED) - §559-B. Retention of unauthorized securities (REPEALED) SECTION HISTORY PL 1987,...

9-B §559-C. Subsidiary companies (REPEALED) - §559-C. Subsidiary companies (REPEALED) SECTION HISTORY PL 1987, c. 405,...

9-B §559-D. Common and preferred stock (REPEALED) - §559-D. Common and preferred stock (REPEALED) SECTION HISTORY PL 1987,...

Chapter 56: ADDITIONAL POWERS (REPEALED)

9-B §561. Powers in general (REPEALED) - §561. Powers in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §562. Federal Reserve membership (REPEALED) - §562. Federal Reserve membership (REPEALED) SECTION HISTORY PL 1975, c....

9-B §563. Federal Home Loan Bank membership (REPEALED) - §563. Federal Home Loan Bank membership (REPEALED) SECTION HISTORY PL...

9-B §564. Promissory notes; bills of exchange (REPEALED) - §564. Promissory notes; bills of exchange (REPEALED) SECTION HISTORY PL...

9-B §565. Borrowing (REPEALED) - §565. Borrowing (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §566. Bond (REPEALED) - §566. Bond (REPEALED) SECTION HISTORY PL 1983, c. 89, §2...

9-B §567. Trusts (REPEALED) - §567. Trusts (REPEALED) SECTION HISTORY PL 1983, c. 89, §2...

9-B §568. Executor, guardian, etc. (REPEALED) - §568. Executor, guardian, etc. (REPEALED) SECTION HISTORY PL 1983, c....

Chapter 57: PROHIBITIONS (REPEALED)

9-B §571. Prohibitions in general (REPEALED) - §571. Prohibitions in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §572. Use of the word "saving" (REPEALED) - §572. Use of the word "saving" (REPEALED) SECTION HISTORY PL...

Part 6: TRUST COMPANIES

Chapter 61: CAPITAL AND CASH RESERVE (REPEALED)

9-B §611. Applicable law; powers (REPEALED) - §611. Applicable law; powers (REPEALED) SECTION HISTORY PL 1975, c....

9-B §612. Guaranty Fund (REPEALED) - §612. Guaranty Fund (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §613. Cash reserve (REPEALED) - §613. Cash reserve (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §614. Federal Reserve membership (REPEALED) - §614. Federal Reserve membership (REPEALED) SECTION HISTORY PL 1975, c....

9-B §615. Liability of stockholders (REPEALED) - §615. Liability of stockholders (REPEALED) SECTION HISTORY PL 1975, c....

Chapter 62: DEPOSITS (REPEALED)

9-B §621. Deposits in general (REPEALED) - §621. Deposits in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §622. Pledge of assets for deposits (REPEALED) - §622. Pledge of assets for deposits (REPEALED) SECTION HISTORY PL...

9-B §623. Trust assets (REPEALED) - §623. Trust assets (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §624. Deposits by fiduciaries and other officials (REPEALED) - §624. Deposits by fiduciaries and other officials (REPEALED) SECTION HISTORY...

9-B §625. Deposits of securities (REPEALED) - §625. Deposits of securities (REPEALED) SECTION HISTORY PL 1975, c....

9-B §626. Federal Housing Administration and Maine Housing Authority mortgages and debentures as collateral (REPEALED) - §626. Federal Housing Administration and Maine Housing Authority mortgages and...

Chapter 63: LOANS (REPEALED)

9-B §631. Loans in general (REPEALED) - §631. Loans in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §632. Loans and security (REPEALED) - §632. Loans and security (REPEALED) SECTION HISTORY PL 1975, c....

9-B §633. Individual borrower loan limitations (REPEALED) - §633. Individual borrower loan limitations (REPEALED) SECTION HISTORY PL 1975,...

9-B §634. Guaranteed loans (REPEALED) - §634. Guaranteed loans (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §635. Investments secured by mortgages under the G. I. Bill of Rights (REPEALED) - §635. Investments secured by mortgages under the G. I. Bill...

9-B §636. Commercial lines of credit (REPEALED) - §636. Commercial lines of credit (REPEALED) SECTION HISTORY PL 1975,...

Chapter 64: PROPERTY OWNERSHIP (REPEALED)

9-B §641. Real and personal property (REPEALED) - §641. Real and personal property (REPEALED) SECTION HISTORY PL 1975,...

Chapter 65: INVESTMENTS IN SECURITIES (REPEALED)

9-B §651. Investments in general (REPEALED) - §651. Investments in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §652. Stock in Federal Reserve Bank; Federal Deposit Insurance Corporation (REPEALED) - §652. Stock in Federal Reserve Bank; Federal Deposit Insurance Corporation...

9-B §653. Subsidiary companies (REPEALED) - §653. Subsidiary companies (REPEALED) SECTION HISTORY PL 1975, c. 500,...

Chapter 66: ADDITIONAL POWERS (REPEALED)

9-B §661. Powers in general (REPEALED) - §661. Powers in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §662. Bond (REPEALED) - §662. Bond (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §663. Trusts (REPEALED) - §663. Trusts (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §664. Executor, guardian, etc. (REPEALED) - §664. Executor, guardian, etc. (REPEALED) SECTION HISTORY PL 1975, c....

9-B §665. Acting as an agent. (REPEALED) - §665. Acting as an agent. (REPEALED) SECTION HISTORY PL 1975,...

9-B §666. Bills or drafts (REPEALED) - §666. Bills or drafts (REPEALED) SECTION HISTORY PL 1975, c....

Chapter 67: PROHIBITIONS (REPEALED)

9-B §671. Prohibitions in general (REPEALED) - §671. Prohibitions in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §672. Surety bond business prohibited (REPEALED) - §672. Surety bond business prohibited (REPEALED) SECTION HISTORY PL 1975,...

9-B §673. Use of word "bank" (REPEALED) - §673. Use of word "bank" (REPEALED) SECTION HISTORY PL 1975,...

Chapter 68: SUBSIDIARY TRUST COMPANIES (REPEALED)

9-B §681. Definitions (REPEALED) - §681. Definitions (REPEALED) SECTION HISTORY PL 1985, c. 328, §5...

9-B §682. Organization of subsidiary trust companies (REPEALED) - §682. Organization of subsidiary trust companies (REPEALED) SECTION HISTORY PL...

9-B §683. Business of subsidiary trust companies; limitation on powers (REPEALED) - §683. Business of subsidiary trust companies; limitation on powers (REPEALED)...

9-B §684. Trust offices (REPEALED) - §684. Trust offices (REPEALED) SECTION HISTORY PL 1985, c. 328,...

9-B §685. Interstate banking (REPEALED) - §685. Interstate banking (REPEALED) SECTION HISTORY PL 1985, c. 328,...

9-B §686. Transfer of fiduciary relationships from affiliated banks to subsidiary trust companies (REPEALED) - §686. Transfer of fiduciary relationships from affiliated banks to subsidiary...

9-B §687. Applicable laws and regulations (REPEALED) - §687. Applicable laws and regulations (REPEALED) SECTION HISTORY PL 1985,...

Part 7: SAVINGS AND LOANS

Chapter 71: CAPITAL AND CASH RESERVE (REPEALED)

9-B §711. Applicable law; powers; name (REPEALED) - §711. Applicable law; powers; name (REPEALED) SECTION HISTORY PL 1975,...

9-B §712. Undivided profits (REPEALED) - §712. Undivided profits (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §713. Guaranty fund (REPEALED) - §713. Guaranty fund (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §714. Cash reserve (REPEALED) - §714. Cash reserve (REPEALED) SECTION HISTORY PL 1975, c. 500,...

Chapter 72: DEPOSITS (REPEALED)

9-B §721. Deposits in general (REPEALED) - §721. Deposits in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §722. Classification and amounts (REPEALED) - §722. Classification and amounts (REPEALED) SECTION HISTORY PL 1975, c....

9-B §723. Dividends and interest on share accounts and deposits (REPEALED) - §723. Dividends and interest on share accounts and deposits (REPEALED)...

9-B §724. Limitation upon accounts or deposits (REPEALED) - §724. Limitation upon accounts or deposits (REPEALED) SECTION HISTORY PL...

9-B §725. Withdrawals (REPEALED) - §725. Withdrawals (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §726. Retirement of accounts or deposits (REPEALED) - §726. Retirement of accounts or deposits (REPEALED) SECTION HISTORY PL...

9-B §727. Application of withdrawal value to indebtedness (REPEALED) - §727. Application of withdrawal value to indebtedness (REPEALED) SECTION HISTORY...

9-B §728. Deposits as legal investments of security for bonds (REPEALED) - §728. Deposits as legal investments of security for bonds (REPEALED)...

9-B §729. Trust assets (REPEALED) - §729. Trust assets (REPEALED) SECTION HISTORY PL 1983, c. 89,...

9-B §729-A. Deposits of fiduciaries and other officials (REPEALED) - §729-A. Deposits of fiduciaries and other officials (REPEALED) SECTION HISTORY...

Chapter 73: LOANS (REPEALED)

9-B §731. Loans in general (REPEALED) - §731. Loans in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §732. Real estate mortgage loans (REPEALED) - §732. Real estate mortgage loans (REPEALED) SECTION HISTORY PL 1975,...

9-B §733. Other mortgage loans (REPEALED) - §733. Other mortgage loans (REPEALED) SECTION HISTORY PL 1975, c....

9-B §734. Other loans (REPEALED) - §734. Other loans (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §734-A. Commercial loans (REPEALED) - §734-A. Commercial loans (REPEALED) SECTION HISTORY PL 1981, c. 646,...

9-B §734-B. Individual limitations (REPEALED) - §734-B. Individual limitations (REPEALED) SECTION HISTORY PL 1987, c. 405,...

9-B §735. Loan participations (REPEALED) - §735. Loan participations (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §736. Other prudent loans (REPEALED) - §736. Other prudent loans (REPEALED) SECTION HISTORY PL 1975, c....

9-B §737. Additional loans authorized by superintendent (REPEALED) - §737. Additional loans authorized by superintendent (REPEALED) SECTION HISTORY PL...

9-B §738. Miscellaneous loans (REPEALED) - §738. Miscellaneous loans (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §739. Aggregate limitation on loans (REPEALED) - §739. Aggregate limitation on loans (REPEALED) SECTION HISTORY PL 1975,...

9-B §739-A. Commercial lines of credit (REPEALED) - §739-A. Commercial lines of credit (REPEALED) SECTION HISTORY PL 1983,...

Chapter 74: REAL PROPERTY OWNERSHIP (REPEALED)

9-B §741. Real estate investments in general (REPEALED) - §741. Real estate investments in general (REPEALED) SECTION HISTORY PL...

9-B §742. Real estate other than for offices (REPEALED) - §742. Real estate other than for offices (REPEALED) SECTION HISTORY...

Chapter 75: INVESTMENTS IN SECURITIES (REPEALED)

9-B §751. Investments in general (REPEALED) - §751. Investments in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §752. Investments authorized for savings banks (REPEALED) - §752. Investments authorized for savings banks (REPEALED) SECTION HISTORY PL...

9-B §753. Federal Home Loan Bank obligations (REPEALED) - §753. Federal Home Loan Bank obligations (REPEALED) SECTION HISTORY PL...

9-B §754. Subsidiary companies (REPEALED) - §754. Subsidiary companies (REPEALED) SECTION HISTORY PL 1975, c. 500,...

Chapter 76: ADDITIONAL POWERS (REPEALED)

9-B §761. Powers in general (REPEALED) - §761. Powers in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §762. Expenses and service charges (REPEALED) - §762. Expenses and service charges (REPEALED) SECTION HISTORY PL 1975,...

9-B §763. Federal Home Loan Bank membership (REPEALED) - §763. Federal Home Loan Bank membership (REPEALED) SECTION HISTORY PL...

9-B §764. Account in Federal Reserve Bank (REPEALED) - §764. Account in Federal Reserve Bank (REPEALED) SECTION HISTORY PL...

9-B §765. Mutual association acting as an agent (REPEALED) - §765. Mutual association acting as an agent (REPEALED) SECTION HISTORY...

9-B §766. Borrowing (REPEALED) - §766. Borrowing (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §767. Bond (REPEALED) - §767. Bond (REPEALED) SECTION HISTORY PL 1983, c. 89, §4...

9-B §768. Trusts (REPEALED) - §768. Trusts (REPEALED) SECTION HISTORY PL 1983, c. 89, §4...

9-B §769. Executor, guardian, etc. (REPEALED) - §769. Executor, guardian, etc. (REPEALED) SECTION HISTORY PL 1983, c....

Chapter 77: PROHIBITIONS (REPEALED)

9-B §771. Prohibitions in general (REPEALED) - §771. Prohibitions in general (REPEALED) SECTION HISTORY PL 1975, c....

9-B §772. Business restrictions (REPEALED) - §772. Business restrictions (REPEALED) SECTION HISTORY PL 1975, c. 500,...

Part 8: CREDIT UNIONS

Chapter 81: ORGANIZATION AND FORMATION

9-B §811. Applicable law; powers - §811. Applicable law; powers 1. Organized under this Title. Every...

9-B §812. Permission to organize - §812. Permission to organize 1. Organizers. Any number of persons,...

9-B §813. Organization - §813. Organization Upon receipt of a permission to organize pursuant...

9-B §814. Membership requirements - §814. Membership requirements 1. Field of membership. "Field of membership"...

9-B §815. Supervision and examination - §815. Supervision and examination Credit unions are under the supervision...

9-B §816. Out-of-state credit unions - §816. Out-of-state credit unions 1. Approval and findings of superintendent....

9-B §817. Community development credit unions - §817. Community development credit unions 1. Designation. A credit union...

Chapter 82: POWERS

9-B §821. Powers in general - §821. Powers in general In addition to all services to...

9-B §822. Borrowing - §822. Borrowing 1. Limitation. A credit union may borrow moneys...

9-B §823. Services for members - §823. Services for members 1. Sale of negotiable checks and...

9-B §824. Participation in electronic funds transfer system - §824. Participation in electronic funds transfer system 1. Authorization. A...

9-B §825. Participation in public lotteries - §825. Participation in public lotteries A credit union may participate...

9-B §826. Offices and satellite facilities - §826. Offices and satellite facilities A credit union may establish,...

9-B §827. Accounts - §827. Accounts 1. Receipt of savings. Except as provided in...

9-B §828. Powers of federally chartered credit unions - §828. Powers of federally chartered credit unions Notwithstanding any other...

Chapter 83: FINANCIAL MANAGEMENT

9-B §831. Share capital and surplus - §831. Share capital and surplus 1. Amount and par value...

9-B §832. Guaranty fund (REPEALED) - §832. Guaranty fund (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §833. Dividends and interest - §833. Dividends and interest 1. Time for payment; method. [PL...

9-B §834. Fiscal year - §834. Fiscal year The fiscal year of a credit union...

9-B §835. Reports to superintendent (REPEALED) - §835. Reports to superintendent (REPEALED) SECTION HISTORY PL 1975, c....

9-B §836. Insurance of shares - §836. Insurance of shares 1. Requirement. Every credit union authorized...

Chapter 84: MANAGEMENT AND OPERATIONS

9-B §841. Management in general - §841. Management in general The management and operations of a...

9-B §842. Board of directors - §842. Board of directors The management and control of the...

9-B §843. Officers and employees - §843. Officers and employees 1. Election. A. The directors, at...

9-B §844. Supervisory committee or independent public accountant - §844. Supervisory committee or independent public accountant 1. Duties of...

9-B §845. Credit committee - §845. Credit committee 1. Powers and duties. If a credit...

9-B §846. Meetings of the members - §846. Meetings of the members 1. Time and notice. The...

9-B §847. Expulsion of members - §847. Expulsion of members 1. Grounds for expulsion. A manager...

9-B §848. Amendment of bylaws and charter - §848. Amendment of bylaws and charter 1. Procedure. Amendments of...

Chapter 85: LOANS

9-B §851. Loans in general - §851. Loans in general 1. Authorization. A credit union may...

9-B §852. Loan applications - §852. Loan applications 1. General procedures. All applications for loans...

9-B §853. Unsecured loans (REPEALED) - §853. Unsecured loans (REPEALED) SECTION HISTORY PL 1975, c. 500,...

9-B §854. Loans - §854. Loans 1. Authorization; limitations. It is the duty of...

9-B §855. Real estate mortgage loans - §855. Real estate mortgage loans 1. Limitations. A credit union...

9-B §856. Loans to other credit unions - §856. Loans to other credit unions Subject to the approval...

9-B §857. Lines of credit (REPEALED) - §857. Lines of credit (REPEALED) SECTION HISTORY PL 1975, c....

9-B §857-A. Lines of credit - §857-A. Lines of credit 1. Authorization; limitations. Subject to the...

9-B §858. Federal funds loans or sales - §858. Federal funds loans or sales A credit union may...

Chapter 86: INVESTMENTS

9-B §861. Investments in general - §861. Investments in general 1. Applicable law. In addition to...

9-B §862. Deposits, notes and bonds - §862. Deposits, notes and bonds A credit union may invest...

9-B §863. Real estate for office facilities - §863. Real estate for office facilities 1. Authorizing. A credit...

9-B §864. Service corporations - §864. Service corporations 1. Authorization. A credit union may invest,...

9-B §865. Additional authority - §865. Additional authority Credit unions organized under private or special...

Chapter 87: DISSOLUTION, MERGERS AND CONVERSIONS

9-B §871. Dissolution (REPEALED) - §871. Dissolution (REPEALED) SECTION HISTORY PL 1975, c. 500, §1...

9-B §871-A. Dissolution - §871-A. Dissolution 1. Voluntary dissolution. This subsection governs the voluntary...

9-B §871-B. Applicability of chapter - §871-B. Applicability of chapter Notwithstanding any other provisions of law,...

9-B §872. Mergers and consolidations - §872. Mergers and consolidations 1. Eligibility. A. A credit union...

9-B §872-A. Authority for expedited mergers, consolidations and acquisitions - §872-A. Authority for expedited mergers, consolidations and acquisitions Notwithstanding any...

9-B §873. Conversion: federal to State charter; out of state to State charter - §873. Conversion: federal to State charter; out of state to...

9-B §874. Conversion: State to federal charter - §874. Conversion: State to federal charter A credit union organized...

9-B §875. Conversion: change in type of state charter - §875. Conversion: change in type of state charter A credit...

9-B §876. Acquisitions - §876. Acquisitions A credit union organized under the laws of...

9-B §877. Fees for mergers, conversions and acquisitions - §877. Fees for mergers, conversions and acquisitions An application made...

Chapter 88: PROHIBITIONS

9-B §881. Prohibited practices - §881. Prohibited practices All credit unions organized pursuant to or...

9-B §882. Use of term "credit union" - §882. Use of term "credit union" 1. Use of term...

Part 9: INDUSTRIAL BANKS

Chapter 91: INDUSTRIAL BANKS

9-B §911. Definition - §911. Definition "Industrial bank" means a corporation organized under Title...

9-B §912. Capital and management - §912. Capital and management 1. Stock: classes; par value. The...

9-B §913. Powers - §913. Powers In addition to the powers conferred upon corporations...

9-B §914. Insurance of certificates of investment - §914. Insurance of certificates of investment Every industrial bank shall...

9-B §915. Mergers, consolidations and acquisitions - §915. Mergers, consolidations and acquisitions 1. Mergers and consolidations. An...

9-B §916. Liquidations and conservation of assets - §916. Liquidations and conservation of assets Industrial banks shall be...

9-B §917. Superintendent's authority - §917. Superintendent's authority 1. Supervision and examination. An industrial bank...

9-B §918. Unlawful acts - §918. Unlawful acts No industrial bank authorized to do business...

9-B §919. Use of name "industrial bank" - §919. Use of name "industrial bank" No person, firm or...

Part 10: OTHER FINANCIAL ENTITIES

Chapter 101: FINANCIAL INSTITUTION HOLDING COMPANIES

9-B §1011. Definitions - §1011. Definitions As used in this chapter, unless the context...

9-B §1012. Registration - §1012. Registration 1. Requirements. Any company that controls one or...

9-B §1013. Acquisition of interests in financial institutions - §1013. Acquisition of interests in financial institutions 1. Superintendent's approval....

9-B §1014. Closely-related activities - §1014. Closely-related activities 1. Permissible activities. A Maine financial institution...

9-B §1015. Applications - §1015. Applications 1. Requirements. Except as provided in subsection 5,...

9-B §1016. Reports and examinations - §1016. Reports and examinations The superintendent may require any financial...

9-B §1017. Conformity with Federal procedures - §1017. Conformity with Federal procedures To the maximum extent consistent...

9-B §1018. Exclusion - §1018. Exclusion The superintendent may exclude financial institution holding companies...

9-B §1019. Prohibitions - §1019. Prohibitions 1. Prohibited practices. To the extent provided for...

9-B §1019-A. Notification of superintendent; purchase of own shares - §1019-A. Notification of superintendent; purchase of own shares A Maine...

9-B §1020. Annual reports to the Legislature (REPEALED) - §1020. Annual reports to the Legislature (REPEALED) SECTION HISTORY PL...

Chapter 102: MUTUAL TRUST INVESTMENT COMPANIES

9-B §1021. Definition - §1021. Definition As used in this chapter, the term "mutual...

9-B §1022. Authority to incorporate - §1022. Authority to incorporate Any 5 or more state banks...

9-B §1023. Application of general corporation law; articles of incorporation - §1023. Application of general corporation law; articles of incorporation 1....

9-B §1024. Corporate powers; stock ownership - §1024. Corporate powers; stock ownership 1. Ownership. The stock of...

9-B §1025. Purchase of stock by fiduciaries; authority and restrictions - §1025. Purchase of stock by fiduciaries; authority and restrictions 1....

9-B §1026. Powers of the superintendent - §1026. Powers of the superintendent 1. Rules and regulations. The...

Chapter 105: MUTUAL HOLDING COMPANY

9-B §1051. Purpose - §1051. Purpose This chapter authorizes mutual financial institutions to reorganize...

9-B §1052. Definitions - §1052. Definitions As used in this chapter, unless the context...

9-B §1053. Formation of mutual holding company - §1053. Formation of mutual holding company 1. Reorganization. Notwithstanding any...

9-B §1054. Corporate existence and powers - §1054. Corporate existence and powers 1. Legal existence. Upon the...

9-B §1055. Rules - §1055. Rules The superintendent shall adopt such rules as necessary...

9-B §1056. Reports and examinations - §1056. Reports and examinations All mutual financial institution holding companies...

Chapter 107: MERCHANT BANKING (REPEALED)

9-B §1101. Organization and structure of merchant banks (REPEALED) - §1101. Organization and structure of merchant banks (REPEALED) SECTION HISTORY...

9-B §1102. Business of merchant banks; powers; limitations (REPEALED) - §1102. Business of merchant banks; powers; limitations (REPEALED) SECTION HISTORY...

Part 12: SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS

Chapter 121: NONDEPOSITORY TRUST COMPANIES

9-B §1211. General purpose and authority - §1211. General purpose and authority A nondepository trust company is...

9-B §1212. Organization of nondepository trust companies - §1212. Organization of nondepository trust companies 1. Organization. A nondepository...

9-B §1213. Capital - §1213. Capital A nondepository trust company must have initial paid-in...

9-B §1213-A. Asset pledge - §1213-A. Asset pledge 1. Pledge requirement. The superintendent may require...

9-B §1214. Business of nondepository trust companies - §1214. Business of nondepository trust companies 1. General powers. A...

9-B §1215. Holding companies of nondepository trust companies - §1215. Holding companies of nondepository trust companies If the holding...

9-B §1216. Rules - §1216. Rules The superintendent may prescribe rules governing the activities...

Chapter 122: MERCHANT BANKS

9-B §1221. General purpose and authority - §1221. General purpose and authority A merchant bank is a...

9-B §1222. Organization of merchant banks - §1222. Organization of merchant banks 1. Organization. A merchant bank...

9-B §1223. Capital - §1223. Capital 1. Initial capital. [PL 1999, c. 539, §2...

9-B §1223-A. Asset pledge - §1223-A. Asset pledge 1. Pledge requirement. The superintendent may require...

9-B §1224. Business of merchant banks; power; limitations - §1224. Business of merchant banks; power; limitations 1. Business of...

9-B §1225. Insider loans and investments - §1225. Insider loans and investments The terms of any loans...

9-B §1226. Holding companies of merchant banks - §1226. Holding companies of merchant banks If the holding company...

9-B §1227. Rules - §1227. Rules The superintendent may prescribe rules governing the activities...

Chapter 123: UNINSURED BANKS

9-B §1231. General authority and purpose - §1231. General authority and purpose A financial institution that does...

9-B §1232. Organization of uninsured banks - §1232. Organization of uninsured banks 1. Organization. An uninsured bank...

9-B §1233. Capital - §1233. Capital An uninsured bank must have initial paid-in capital...

9-B §1233-A. Asset pledge - §1233-A. Asset pledge 1. Pledge requirement. The superintendent may require...

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

9-B §1235. Lending limits - §1235. Lending limits An uninsured bank's lending limit is governed...

9-B §1236. Deposits - §1236. Deposits An uninsured bank may not engage in retail...

9-B §1237. Disclosure of uninsured status - §1237. Disclosure of uninsured status 1. Sign that deposits not...

9-B §1238. Rules - §1238. Rules The superintendent may prescribe rules governing the activities...

9-B §1239. Holding companies of uninsured banks - §1239. Holding companies of uninsured banks If a holding company...

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Maine Revised Statutes TITLE 9-B: FINANCIAL INSTITUTIONS

Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS