reglab/housing_qa huggingface dataset:
9-B ME Rev Stat § 243 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 24: ANTICOMPETITIVE OR DECEPTIVE PRACTICES|9-B §243. Tie-in arrangements

 §243. Tie-in arrangements 1.  Prohibition.  A financial institution authorized to do business in this State or a credit union authorized to do business in this State may not in any manner extend credit, lease or sell property, or furnish any service, or fix or vary the consideration for any of the foregoing on the condition, agreement, requirement or understanding:   A. That the customer obtain some additional or other credit, property or other service from such financial institution other than a loan, discount, deposit or trust service. This paragraph does not prohibit a tie-in involving insurance products that is permitted under Title 24-A;   [PL 1997, c. 315, §15 (AMD).]B. That the customer obtain some additional or other credit, property or service from a subsidiary of such financial institution, a financial institution holding company of such financial institution or from any other subsidiary of such financial institution holding company;   [PL 1999, c. 218, §7 (AMD).]C. That the customer provide some additional or other credit, property or service to such financial institution, other than those related to and usually provided in connection with a loan, discount, deposit or trust service;   [PL 1999, c. 218, §7 (AMD).]D. That the customer provide some additional or other credit, property or service to a subsidiary of such financial institution, a financial institution holding company of such financial institution or from any other subsidiary of such financial institution holding company; or   [PL 1999, c. 218, §7 (AMD).]E. That the customer may not obtain some additional or other credit, property or service from a competitor of such financial institution, a subsidiary of a competitor financial institution, a financial institution holding company of a competitor financial institution or any other subsidiary of such competitor financial institution holding company, other than a condition or requirement that such financial institution shall reasonably impose in a credit transaction to assure the soundness of the credit.   [PL 1999, c. 218, §7 (AMD).][PL 1999, c. 218, §7 (AMD).] 2.  Exceptions.  The superintendent may, pursuant to regulations issued in accordance with section 251, permit such exceptions to the prohibitions in subsection 1 as he considers will not be contrary to the public interest and the purposes of this section.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §32 (AMD). PL 1997, c. 315, §15 (AMD). PL 1999, c. 218, §7 (AMD).
9-B ME Rev Stat § 244 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 24: ANTICOMPETITIVE OR DECEPTIVE PRACTICES|9-B §244. Exemption

 §244. Exemption A financial institution authorized to do business in this State or credit union authorized to do business in this State subject to the provisions of this chapter is exempt from the provisions of Title 5, chapter 10.   [PL 2003, c. 322, §13 (AMD).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 2003, c. 322, §13 (AMD).
9-B ME Rev Stat § 251 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 25: ADMINISTRATIVE PROCEDURES|9-B §251. Rule-making

 §251. Rule-making Promulgation of rules of the bureau, and amendments thereto, shall conform to the requirements of the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter II.   [PL 1983, c. 182 (AMD).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §§7-A,8,9 (AMD). PL 1977, c. 694, §158 (RPR). PL 1983, c. 182 (AMD).
9-B ME Rev Stat § 253 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 25: ADMINISTRATIVE PROCEDURES|9-B §253. Criteria for decision-making

 §253. Criteria for decision-making The superintendent shall take into account, but is not limited to, the criteria set forth in this section in considering applications filed pursuant to section 252.   [PL 1997, c. 398, Pt. K, §6 (AMD).]1.  Public convenience and advantage.     A. The superintendent shall not approve an application unless he determines that the proposed transaction contributes to the financial strength and success of the financial institution or institutions concerned, and promotes the convenience and advantage of the public.   [PL 1975, c. 500, §1 (NEW).]B. Public convenience and advantage shall exist if the superintendent determines, based on all relevant evidence, information and materials, that public benefits, such as increased competition or gains in efficiency, outweigh possible adverse effects, such as decreased or unfair competition, undue concentration of resources, conflicts of interest, or unsafe or unsound practices.   [PL 1975, c. 500, §1 (NEW).][PL 1975, c. 500, §1 (NEW).] 2.  Basis for decision.  In addition to the standards set forth in subsection 1, the superintendent shall consider the following factors in determining whether the standard of public convenience and advantage has been met:   A. The character, ability and overall sufficiency of the management, including directors, or organizers, corporators and incorporators of a new financial institution;   [PL 1975, c. 500, §1 (NEW).]B. The adequacy of capital and financial resources of the institution or institutions concerned;   [PL 1975, c. 500, §1 (NEW).]C. The competitive abilities and future prospects of the institution or institutions concerned;   [PL 1975, c. 500, §1 (NEW).]D. The convenience and needs of the market area or areas to be served;   [PL 1975, c. 500, §1 (NEW).]E. The competitive effect of the proposed transaction on the price, availability and quality of services in the market area or areas to be served;   [PL 1975, c. 500, §1 (NEW).]F. The likely impact of the proposed transaction on other financial institutions in the market area or areas to be served; and   [PL 1975, c. 500, §1 (NEW).]G. The fairness and equities involved in any merger, consolidation, conversion or acquisition.   [PL 1975, c. 500, §1 (NEW).][PL 1975, c. 500, §1 (NEW).] 3.  Burden of proof.  In all cases, the burden of proving that public convenience and advantage will be promoted, and that the proposed transaction contributes to the financial strength and success of the institution or institutions concerned, shall rest with the applicant.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K6 (AMD).
9-B ME Rev Stat § 254 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 25: ADMINISTRATIVE PROCEDURES|9-B §254. Hearings by superintendent (REPEALED)

 §254. Hearings by superintendent (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §13 (AMD). PL 1977, c. 694, §163 (RP).
9-B ME Rev Stat § 255 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 25: ADMINISTRATIVE PROCEDURES|9-B §255. Hearings on petition of 25 persons

 §255. Hearings on petition of 25 persons 1.  Alleged noncompliance with this Title.  A group of 25 or more persons may join together and petition the superintendent as an interested party to hold a hearing if such group submits to the superintendent a written petition asserting they have reason to believe that a financial institution holding company or financial institution subject to the laws of this State is not complying with the standards of public convenience and advantage set forth in section 253, or that such institution has violated or is violating any provision of this Title or regulation issued pursuant thereto.   [PL 1975, c. 500, §1 (NEW).] 2.  Request for rule-making.  Any person may petition the superintendent to hold a rule-making proceeding for the purpose of promulgating such rules, regulations or amendments as may be proposed in his petition and may petition for a hearing on the proposed rule, regulation or amendment.   [PL 1977, c. 694, §164 (RPR).] 3.  Procedures for requesting hearing.  A petition for a hearing pursuant to this section shall be made in accordance with regulations promulgated by the superintendent.   [PL 1977, c. 694, §164 (RPR).] 4.  Grant or denial of request.  Unless the superintendent shall deem a petition filed pursuant to subsection 1 frivolous or not bona fide, he shall designate the petitioner or petitioners as an interested party and hold a hearing for the purpose set forth in the petition. If the request is a petition for rule-making, within 60 days after receipt of the petition, the superintendent shall either notify the petitioner in writing of its denial and the reasons therefor, or initiate appropriate rule-making proceedings.   [PL 1977, c. 694, §164 (RPR).] 5.  Treatment as interested party.  A group whose petition is granted by the superintendent shall be treated as a single interested party for all purposes of this chapter, unless otherwise determined by the superintendent.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1977, c. 694, §164 (AMD).
9-B ME Rev Stat § 256 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 2: BUREAU OF FINANCIAL INSTITUTIONS|Chapter 25: ADMINISTRATIVE PROCEDURES|9-B §256. Judicial review of superintendent's action

 §256. Judicial review of superintendent's action Any person or organization affected adversely by a rule, regulation, amendment, order or decision on an application promulgated by the superintendent, or affected adversely by the denial of a request for a hearing, may appeal from that action. Judicial review of any final action of the superintendent shall be in accordance with the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter VII.   [PL 1977, c. 694, §165 (RPR).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1977, c. 694, §165 (RPR).
9-B ME Rev Stat § 311 (2021)
2021 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

 §311. Applicability of chapter The provisions of this chapter govern the organization and management of financial institutions operating as corporations, limited liability companies, limited partnerships and limited liability partnerships. Unless otherwise indicated in this Title, the provisions of Title 13-C apply to financial institutions operating as corporations; Title 31, chapter 19 applies to financial institutions operating as limited partnerships; Title 31, chapter 21 applies to financial institutions operating as limited liability companies; and Title 31, chapter 15 applies to financial institutions operating as limited liability partnerships.   [PL 2009, c. 629, Pt. A, §3 (AFF); PL 2009, c. 629, Pt. B, §1 (AMD).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1991, c. 670, §3 (AMD). PL 1997, c. 398, §C2 (AMD). RR 2001, c. 2, §B7 (COR). RR 2001, c. 2, §B58 (AFF). PL 2005, c. 543, §D1 (AMD). PL 2005, c. 543, §D18 (AFF). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2009, c. 629, Pt. B, §1 (AMD).
9-B ME Rev Stat § 312-A (2021)
2021 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 §312-A. Expedited authority

 §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).
9-B ME Rev Stat § 313 (2021)
2021 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 §313. Organization (REPEALED)

 §313. Organization (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1987, c. 81, §§7,8 (AMD). PL 1997, c. 398, §C9 (RP).
9-B ME Rev Stat § 313-A (2021)
2021 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 §313-A. Certificate to commence business

 §313-A. Certificate to commence business 1.  Requirements.  A corporation, limited liability company, limited partnership or limited liability partnership that has received a certificate of public convenience and advantage to conduct business as a financial institution may not commence business until the superintendent certifies in writing that the required capital has actually been paid in and that all other terms and conditions contained in the certificate of public convenience and advantage have been satisfied.   [PL 1997, c. 398, Pt. C, §10 (NEW).] 2.  Failure to commence business.  The following provisions apply to an entity authorized to conduct business as a financial institution that fails to commence business.   A. Any corporation, limited liability company, limited partnership or limited liability partnership authorized to conduct business as a financial institution that fails to commence business as a financial institution within one year after receiving a certificate of public convenience and advantage forfeits that certificate and any other certificate to commence business and shall cease all activities. The superintendent shall certify to the Secretary of State that the certificate of public convenience and advantage and any certificate to commence business have been forfeited so that the institution's organizational documents may be terminated by the Secretary of State.   [PL 1997, c. 398, Pt. C, §10 (NEW).]B. Upon a forfeiture pursuant to paragraph A, the subscribers to the stock of the institution are entitled to a return of any amounts they have paid to the institution as consideration for its shares. The original incorporators shall bear the expenses incurred in the organization.   [PL 1997, c. 398, Pt. C, §10 (NEW).]C. Upon the failure to commence business within one year and the forfeiture of the certificate of public convenience and advantage and any other certificate to commence business, the corporation, limited liability company, limited partnership or limited liability partnership or the organizers of the entity may not submit another application for permission to conduct business as a financial institution under section 312 for at least one year from the date of this forfeiture.   [PL 1997, c. 398, Pt. C, §10 (NEW).]D. Notwithstanding the time limitation in paragraph A, the superintendent may extend the period in which business must be commenced for a period not to exceed 6 months upon written application by the institution setting forth the reasons for the extension. If an extension is granted by the superintendent, the superintendent shall notify the Secretary of State.   [PL 1997, c. 398, Pt. C, §10 (NEW).][PL 1997, c. 398, Pt. C, §10 (NEW).] SECTION HISTORY PL 1997, c. 398, §C10 (NEW).
9-B ME Rev Stat § 314 (2021)
2021 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 §314. Corporate finance (REPEALED)

 §314. Corporate finance (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §C11 (RP).
9-B ME Rev Stat § 315 (2021)
2021 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 §315. Stockhoders (REPEALED)

 §315. Stockhoders (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §35 (AMD). PL 1997, c. 398, §C13 (RP).
9-B ME Rev Stat § 316 (2021)
2021 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 §316. Board of directors (REPEALED)

 §316. Board of directors (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §36 (AMD). PL 1983, c. 63, §1 (AMD). PL 1983, c. 480, §§B9,211 (AMD). PL 1985, c. 642, §§1,2 (AMD). PL 1987, c. 81, §9 (AMD). PL 1993, c. 257, §1 (AMD). PL 1997, c. 182, §§A2,3 (AMD). PL 1997, c. 398, §C14 (RP).
9-B ME Rev Stat § 316-A (2021)
2021 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 §316-A. Governing body

 §316-A. Governing body Except as provided in this section, the management and operations of a financial institution organized under this chapter are governed by Title 13-C; Title 31, chapter 19; Title 31, chapter 21; or Title 31, chapter 15, as appropriate, depending upon the organizational form of the financial institution operating under this chapter. The institution's organizational documents must address the powers and duties of the governing body.   [PL 2009, c. 629, Pt. A, §3 (AFF); PL 2009, c. 629, Pt. B, §2 (AMD).]1.  Number of directors.  The governing body of a financial institution must consist of at least 5 directors, except that the superintendent may approve fewer directors for good cause shown.   [PL 1999, c. 218, §10 (AMD).] 2.  Executive committee.  The governing body of a financial institution organized as a corporation may appoint by majority vote of the governing body an executive committee of no less than 5 members and may delegate to the committee the powers of the governing body in regard to the ordinary operations of the business of the institution. The superintendent may approve fewer members for good cause shown.   [PL 1997, c. 398, Pt. C, §15 (NEW).] 3.  Frequency of meetings.  A governing body of a financial institution organized as a corporation that has appointed an executive committee shall meet at least 6 times a year, including once each quarter, if the executive committee meets during the months in which the governing body does not meet. Minutes of executive committee meetings must be ratified by the governing body. The governing body of a financial institution organized as a corporation that has not appointed an executive committee or the governing body of any other financial institution shall meet at least monthly. The superintendent may approve less frequent meetings for good cause shown.   [PL 1997, c. 398, Pt. C, §15 (NEW).] SECTION HISTORY PL 1997, c. 398, §C15 (NEW). PL 1999, c. 218, §10 (AMD). RR 2001, c. 2, §B8 (COR). RR 2001, c. 2, §B58 (AFF). PL 2005, c. 543, §D2 (AMD). PL 2005, c. 543, §D18 (AFF). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2009, c. 629, Pt. B, §2 (AMD).
9-B ME Rev Stat § 317 (2021)
2021 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 §317. Officers and employees (REPEALED)

 §317. Officers and employees (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 170, §1 (AMD). PL 1979, c. 429, §6 (AMD). PL 1979, c. 663, §37 (AMD). PL 1981, c. 501, §30 (AMD). PL 1993, c. 257, §2 (AMD). PL 1997, c. 398, §C16 (RP).
9-B ME Rev Stat § 317-A (2021)
2021 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 §317-A. Officers

 §317-A. Officers Except as provided in this section, the powers and duties of officers of a financial institution organized under this chapter are governed by Title 13-C; Title 31, chapter 19; Title 31, chapter 21; or Title 31, chapter 15, as appropriate, depending upon the organizational form of the financial institution operating under this chapter. The institution's organizational documents must address the powers and duties of officers.   [PL 2009, c. 629, Pt. A, §3 (AFF); PL 2009, c. 629, Pt. B, §3 (AMD).]1.  Appointment.  The governing body of a financial institution shall appoint from its members or otherwise one or more officers to manage the day-to-day affairs of the institution. One of these officers must be designated the chief executive officer. The governing body shall report the name of the designated chief executive officer to the superintendent within 10 days of designation.   [PL 1997, c. 398, Pt. C, §17 (NEW).] 2.  Bonds.  The governing body of a financial institution shall require security for the fidelity and faithful performance of duties by its officers, employees and agents in an amount that the governing body considers necessary or that the superintendent requires. This security must consist of a bond executed by one or more surety companies authorized to transact business in this State. The superintendent may increase this amount from time to time as circumstances may require.   [PL 1997, c. 398, Pt. C, §17 (NEW).] SECTION HISTORY PL 1997, c. 398, §C17 (NEW). RR 2001, c. 2, §B9 (COR). RR 2001, c. 2, §B58 (AFF). PL 2005, c. 543, §D3 (AMD). PL 2005, c. 543, §D18 (AFF). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2009, c. 629, Pt. B, §3 (AMD).
9-B ME Rev Stat § 318 (2021)
2021 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 §318. Dividends, distributions and withdrawals

 §318. Dividends, distributions and withdrawals 1.  Limitation.  A financial institution organized pursuant to this chapter may not authorize dividends, distributions or withdrawals that reduce capital below the higher of the amount required under the certificate of public convenience and advantage or section 412-A without the prior approval of the superintendent.   [PL 1997, c. 398, Pt. C, §17 (NEW).] 2.  Form.  Dividends, distributions and withdrawals must be in cash or in additional shares, members' interests or partnership interests unless otherwise authorized by the superintendent.   [PL 1997, c. 398, Pt. C, §17 (NEW).] SECTION HISTORY PL 1997, c. 398, §C17 (NEW).