reglab/housing_qa huggingface dataset:
9-B ME Rev Stat § 319 (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 §319. Special provisions for subsidiary banks of mutual holding companies

 §319. Special provisions for subsidiary banks of mutual holding companies 1.  Restriction.  A subsidiary bank established pursuant to a reorganization under chapter 105 must be organized as a corporation.   [PL 1997, c. 398, Pt. C, §17 (NEW).] 2.  Board of directors.  With respect to a subsidiary bank established pursuant to a reorganization under chapter 105 from and after the time that subsidiary bank includes stockholders other than the mutual holding company, the articles of incorporation of the subsidiary bank must be amended to provide for proportionate representation of the minority stockholders on the board of directors of the subsidiary bank based on the percentage of common stock owned by the minority stockholders in the aggregate relative to the total amount of common stock then issued and outstanding, except that the minority stockholder representatives on the board of directors of the subsidiary bank may not be fewer than 2. A director or officer of a mutual holding company or subsidiary bank or any affiliate of that company or institution is prohibited from serving as a designated minority stockholder representative on the board of directors of the subsidiary bank. Shares of stock of the subsidiary bank owned directly or indirectly by an individual director or officer of the mutual holding company are deemed to be owned by the mutual holding company for purposes of determining proportionate representation of minority stockholders on the board of directors of the subsidiary bank. Representatives of the mutual holding company that serve on the board of directors of the subsidiary bank must be selected in accordance with chapter 105.   [PL 1997, c. 398, Pt. C, §17 (NEW).] SECTION HISTORY PL 1997, c. 398, §C17 (NEW).
9-B ME Rev Stat § 321 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|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 the organization and management of financial institutions operating as mutual or cooperative financial institutions.   [PL 1997, c. 398, Pt. D, §2 (AMD).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §D2 (AMD).
9-B ME Rev Stat § 331 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §331. Applicability of chapter; statewide branching

 §331. Applicability of chapter; statewide branching 1.  Applicability.  The provisions of this chapter govern the establishment of a branch office or agency by a financial institution subject to the laws of this State.   [PL 1997, c. 398, Pt. E, §1 (AMD).] 2.  Statewide branching.  Subject to the conditions and limitations contained in this chapter, a financial institution may establish a branch anywhere within this State, except that a financial institution may not establish a branch within 1.5 miles of any location of an affiliate where the affiliate engages in commercial activity and may not conduct any commercial activity at any branch.   [PL 2007, c. 69, §2 (AMD).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §E1 (AMD). PL 2007, c. 69, §2 (AMD).
9-B ME Rev Stat § 332 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §332. Branch offices

 §332. Branch offices 1.  Approval of governing body.  All or any part of the business of a financial institution authorized pursuant to the provisions of this Title may be transacted in a branch or agency office. The financial institution's governing body is responsible for determining the scope of operations of each branch, including the services to be provided and the days and hours of operation. Customers must be provided reasonable advance notice of reduction in services or hours of operation.   [PL 1997, c. 398, Pt. E, §1 (AMD).] 2.  Superintendent's approval.   [PL 1999, c. 218, §11 (RP).] 2-A.  Superintendent's approval.  A financial institution may not establish a branch or agency office without the prior approval of the superintendent.   A. For a branch being established in the State by a financial institution, approval must be obtained pursuant to section 336, except that a financial institution that meets the minimum standards set forth in section 412-A or 831 and any rules adopted pursuant to these sections and is not under an enforcement action that requires the superintendent's prior approval of a branch establishment may establish a branch in this State without the prior approval of the superintendent. If the superintendent's approval is not required, the financial institution shall inform the superintendent at least 10 days prior to the proposed action. This notice must be accompanied by a recording fee not to exceed $100.   [PL 2017, c. 143, §1 (AMD).]B. For a branch being established by a financial institution outside of this State, but not in a foreign country, approval must be obtained pursuant to chapter 37 and section 336.   [PL 1999, c. 218, §12 (NEW).]C. For a branch being established by a financial institution outside of this State and in a foreign country, approval must be obtained pursuant to section 336.   [PL 1999, c. 218, §12 (NEW).][PL 2017, c. 143, §1 (AMD).] 3.  Bonded carrier.  The use of a financial institution employee or a bonded carrier to transport deposits to a financial institution, whether paid for by the customer or the financial institution, may not be construed as the establishment or operation of a branch. In the event a bonded carrier is used to transport deposits to a financial institution, the messenger must be considered the agent of the customer rather than of the financial institution. Deposits collected under this arrangement are not considered to have been received by the financial institution until they are actually delivered to a teller at the financial institution's premises.   [PL 1997, c. 398, Pt. E, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §E1 (AMD). PL 1999, c. 218, §§11,12 (AMD). PL 2017, c. 143, §1 (AMD).
9-B ME Rev Stat § 333 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §333. Limited-time, in-school or seasonal branch offices (REPEALED)

 §333. Limited-time, in-school or seasonal branch offices (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1993, c. 492, §3 (AMD). PL 1997, c. 398, §E2 (RP).
9-B ME Rev Stat § 335 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §335. Change of office location; closing of an office

 §335. Change of office location; closing of an office 1.  Relocation.  A main office, branch or agency office of a financial institution may not be moved to a new location without the prior written approval of the superintendent, pursuant to section 336, except that a financial institution that meets the minimum standards set forth in section 412-A or 831 and any rules adopted pursuant to these sections and is not under an enforcement action that requires the superintendent's prior approval of a branch relocation may relocate a main office or branch in this State without the prior approval of the superintendent. If the superintendent's approval is not required, then the financial institution must inform the superintendent at least 10 days prior to the proposed action. This announcement must be accompanied by a recording fee not to exceed $100.   [PL 2017, c. 143, §2 (AMD).] 2.  Closing.  Any branch or agency office may be closed or discontinued with the prior written approval of the superintendent pursuant to section 336 after such public notice of the closing as the superintendent considers necessary.   [PL 1997, c. 398, Pt. E, §4 (AMD).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §E4 (AMD). PL 2017, c. 143, §2 (AMD).
9-B ME Rev Stat § 337 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §337. Real estate for offices and facilities

 §337. Real estate for offices and facilities 1.  Authority.  A financial institution may invest in improved or unimproved real estate, and in the erection or improvement of buildings thereon, together with, furniture, fixtures, equipment and capitalized leases on any fixed asset items for the purpose of providing offices or facilities for transaction of the institution's authorized business; and such buildings may include space for rental purposes.   [PL 1979, c. 429, §7 (AMD).] 2.  Limitations.  Real estate, furniture, fixtures, equipment and capitalized leases, combined, invested in pursuant to subsection 1 may not exceed 60% of the total capital. The superintendent may approve in writing, upon application by an institution and for good cause shown, a greater percentage.   [PL 1997, c. 398, Pt. E, §8 (AMD).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 429, §7 (AMD). PL 1997, c. 398, §E8 (AMD).
9-B ME Rev Stat § 338 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §338. Operating hours: branch offices and facilities

 §338. Operating hours: branch offices and facilities 1.  Permissible operating hours.  A financial institution authorized to do business in the State may permit any of its branch offices, facilities or walk-up or drive-up windows of its main office or branch offices to remain open, or open for limited functions only, during such hours as it may determine from time to time. Any hours in which said branch office, facility or walk-up or drive-up window of its main office or branch office is open for limited functions only after its main office is closed are, with respect to such institution, not considered to be part of a business day.   [PL 1999, c. 218, §14 (AMD).] 2.  Limitation on liability.  Any act authorized, required or permitted to be performed at or by, or with respect to, any such institution during hours at which said branch office, facility, or walk-up or drive-up window of its main office or branch office is open for limited functions only after its main office is closed may be so performed on the next succeeding business day, and no liability or loss of rights of any kind shall result from such delay.   [PL 1975, c. 500, §1 (NEW).] 3.  Validity of transactions.  Nothing in any law of this State shall in any manner whatsoever affect the validity of, or render void or voidable, the payment, certification or acceptance of a check or other negotiable instrument or any other transaction by a financial institution in this State because done or performed during such hours in which a branch office, facility, or walk-up or drive-up window of its main office or branch is open for limited functions only after its main office is closed.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §E9 (AMD). PL 1999, c. 218, §14 (AMD).
9-B ME Rev Stat § 339 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §339. Mobile branches and branches in other states (REPEALED)

 §339. Mobile branches and branches in other states (REPEALED)SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1977, c. 152, §2 (AMD). PL 1979, c. 429, §8 (AMD). PL 1985, c. 577 (RPR). PL 1987, c. 692, §3 (AMD). PL 1993, c. 492, §4 (AMD). PL 1997, c. 398, §E10 (RP).
9-B ME Rev Stat § 339-A (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 33: BRANCHES|9-B §339-A. Interstate branches and satellite facilities

 §339-A. Interstate branches and satellite facilities 1.  Interstate branches.  Except as provided for in chapter 37, this Title may not be construed as permitting a financial institution to establish a branch office or facility in any state other than this State and a financial institution not authorized to do business in this State may not establish or operate a branch office or facility in this State.   A.   [PL 1995, c. 628, §19 (RP).]B.   [PL 1995, c. 628, §19 (RP).][PL 1995, c. 628, §19 (RPR).] 2.  Satellite facilities.   [PL 2001, c. 211, §10 (RP).] SECTION HISTORY PL 1987, c. 692, §4 (NEW). PL 1995, c. 628, §19 (RPR). PL 1997, c. 398, §E11 (AMD). PL 2001, c. 211, §10 (AMD).
9-B ME Rev Stat § 341 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|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 this chapter apply whenever a financial institution subject to the laws of this State seeks to convert or amend its charter in order to change its chartering authority, change to a different form of ownership or adopt a new corporate name for the institution.   [PL 1997, c. 398, Pt. F, §1 (AMD).] 2.  Fees.  An application made pursuant to section 342, subsection 1 or 2 or section 342-A, 343, 344, 345 or 345-A may not be considered complete by the superintendent unless accompanied by an application fee payable to the Treasurer of State to be credited and used as provided in section 214. The amount of the fee must be established by the superintendent according to different application requirements, but in no instance may it exceed $2,000.   [PL 1999, c. 218, §15 (AMD).] 3.  Superintendent's approval.  Following approval by the governing body for changes under section 342, subsection 1 or 2 or section 342-A, 343, 344 or 345, the financial institution shall forward to the superintendent for approval or disapproval, pursuant to the procedures and requirements of section 252, a certified copy of the authorizing resolution adopted by the governing body and such other information as considered necessary by the superintendent. If the superintendent disapproves the conversion plan, the superintendent shall state the reasons for the disapproval in writing and furnish them to the institution. The institution must be given an opportunity to amend the conversion plan to obviate the reasons for disapproval.   [PL 1999, c. 218, §16 (AMD).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1983, c. 201, §3 (AMD). PL 1997, c. 398, §F1 (AMD). PL 1999, c. 218, §§15,16 (AMD).
9-B ME Rev Stat § 342-A (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM|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 state Notwithstanding any other provision of law or any charter, certificate of organization, articles of association, articles of incorporation or bylaw of any participating institution, when a charter conversion is approved by the directors of a financial institution authorized to do business in this State and that charter conversion is necessary for the protection of depositors, shareholders or the public and following compliance with any applicable requirements of federal law, the superintendent may order that the charter conversion become effective immediately. Any person aggrieved by a charter conversion executed pursuant to this section is entitled to judicial review of the superintendent's order in accordance with Title 5, chapter 375, subchapter VII.   [PL 1997, c. 22, §9 (NEW).]SECTION HISTORY PL 1997, c. 22, §9 (NEW).
9-B ME Rev Stat § 345 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM|9-B §345. Conversion; investor to mutual ownership

 §345. Conversion; investor to mutual ownership With the superintendent's approval, and in accordance with the provisions of this section and rules adopted under this section, a financial institution organized under chapter 31 may convert to a financial institution organized under chapter 32, if this conversion is conducted in a manner fair and equitable to its investors, in the following manner.   [PL 1997, c. 398, Pt. F, §5 (AMD).]1.  Procedure.  The governing body must adopt and approve by a 2/3 vote a conversion plan that addresses conditions as the superintendent may require.   [PL 1997, c. 398, Pt. F, §5 (AMD).] 1-A.  Vote of investors.  The conversion plan, as approved by the superintendent, must be submitted to the investors for their approval at an annual meeting or at a special meeting called for that purpose. Approval requires a majority vote of investors, unless a higher percentage is required by the institution's organizational documents.   [PL 1997, c. 398, Pt. F, §5 (NEW).] 2.  Dissenting investor.  The rights of any investors not voting for the conversion plan are as set forth in section 352, subsection 5.   [PL 1997, c. 398, Pt. F, §5 (AMD).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §F5 (AMD).
9-B ME Rev Stat § 345-A (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM|9-B §345-A. Authority for expedited charter conversions

 §345-A. Authority for expedited charter conversions Notwithstanding any other provision of law, or any organizational document of any participating institution, when a charter conversion is approved by the governing body of a financial institution authorized to do business in this State as a component of a plan of merger, consolidation or acquisition with another financial institution or financial institution holding company, regardless of this institution's or holding company's domicile, and following compliance with all applicable requirements of federal law, if any, the superintendent may order that the charter conversion become effective immediately. The superintendent may take such action if the superintendent believes that it is necessary for the protection of depositors or the public. Any person aggrieved by a charter conversion executed pursuant to this section is entitled to judicial review of the superintendent's order in accordance with the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter VII.   [PL 1997, c. 398, Pt. F, §6 (AMD).]SECTION HISTORY PL 1981, c. 539, §1 (NEW). PL 1987, c. 40, §1 (AMD). PL 1997, c. 398, §F6 (AMD).
9-B ME Rev Stat § 345-B (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM|9-B §345-B. Conversion; investor to investor ownership

 §345-B. Conversion; investor to investor ownership With the superintendent's approval and in accordance with the provisions of this section and rules adopted under this section, which are routine technical rules pursuant to Title 5, chapter 375, subchapter II-A, an equity financial institution organized under chapter 31 may convert its ownership structure to another type of ownership structure permissible under chapter 31 if this conversion is conducted in a manner fair and equitable to its investors, in the following manner.   [PL 1997, c. 398, Pt. F, §7 (NEW).]1.  Procedure.  The governing body must adopt and approve by a 2/3 vote a conversion plan that addresses conditions as the superintendent may require.   [PL 1997, c. 398, Pt. F, §7 (NEW).] 2.  Vote of investors.  The conversion plan, as approved by the superintendent, must be submitted to the investors for their approval at an annual meeting or at a special meeting called for that purpose. Approval requires a majority vote of investors, unless a higher percentage is required by the institution's organizational documents.   [PL 1997, c. 398, Pt. F, §7 (NEW).] 3.  Dissenting investors.  The rights of any investors not voting for the conversion plan are as set forth in section 352, subsection 5.   [PL 1997, c. 398, Pt. F, §7 (NEW).] SECTION HISTORY PL 1997, c. 398, §F7 (NEW).
9-B ME Rev Stat § 346 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM|9-B §346. Change of institutional name

 §346. Change of institutional name 1.  Authorization; prohibitions.  Any financial institution may change its corporate name to another name if the name selected is not the same or deceptively similar to the name of any other financial institution authorized to do business in this State.   [PL 1997, c. 398, Pt. F, §8 (AMD).] 2.  Requirements.  A change in the name of a financial institution requires compliance with the following requirements:   A. Approval pursuant to section 314-A or 325 by investors or mutual voters and the superintendent to amend the name set forth in the institution's organizational document; and   [PL 1997, c. 398, Pt. F, §8 (AMD).]B.   [PL 1997, c. 398, Pt. F, §8 (RP).]C. The superintendent shall notify forthwith the institution of the superintendent's decision; and, if the superintendent approves the name change, the superintendent shall file a certificate with the Secretary of State indicating approval.   [PL 1997, c. 398, Pt. F, §8 (AMD).][PL 1997, c. 398, Pt. F, §8 (AMD).] 3.  Effective date.  The name change shall become effective from the time of filing with the Secretary of State, or upon a date subsequent thereto if such date is fixed in the certificate, and shall become the corporate title of the institution thereafter.   [PL 1975, c. 500, §1 (NEW).] 4.  Continuing entity.  The adoption of a new name shall not affect the validity of any acts, transactions or documents wherein the former name was used. All deeds, mortgages, contracts, judgments, proceedings and records made, received, entered into, carried on, or done by an institution before adoption of the change of name, but wherein the institution is called by the name so subsequently adopted, shall be as valid as if the institution was called therein by the name set forth in its original articles of incorporation.   [PL 1975, c. 500, §1 (NEW).] SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §F8 (AMD).
9-B ME Rev Stat § 347 (2021)
2021 Maine Revised Statutes|TITLE 9-B: FINANCIAL INSTITUTIONS|Part 3: ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS|Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM|9-B §347. Effect of conversion or amendment; nonconforming activities

 §347. Effect of conversion or amendment; nonconforming activities The financial institution resulting from any action taken pursuant to the authority granted in this chapter is subject to the provisions of sections 357 and 358 and shall comply with the requirements of these sections and rules adopted under these sections.   [PL 1997, c. 398, Pt. F, §9 (AMD).]SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §F9 (AMD).