reglab/statecodes huggingface dataset:
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §431. Applicability of chapter

§431. Applicability of chapter
The sections of this chapter govern loans made by financial institutions subject to the provisions of this Title.   [PL 1997, c. 398, Pt. I, §20 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I20 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §431-A. Loan powers

§431-A. Loan powers
1.  General loan authority.
Unless otherwise prohibited by state law, a financial institution may make, sell, purchase, arrange, participate in, invest in or otherwise deal in loans or extensions of credit, as defined in section 439-A, for any purpose.
[PL 1997, c. 398, Pt. I, §21 (NEW).]
2.  Written loan policy.
A financial institution's governing body shall establish a written loan policy, which must be reviewed and ratified at least annually, that addresses at a minimum, the following:
A. Individual lending officer authority;   [PL 1997, c. 398, Pt. I, §21 (NEW).]
B. Loan mix and diversification;   [PL 1997, c. 398, Pt. I, §21 (NEW).]
C. Loan quality parameters; and   [PL 1997, c. 398, Pt. I, §21 (NEW).]
D. Delegation of authority to officers and committees responsible for administering the portfolio.   [PL 1997, c. 398, Pt. I, §21 (NEW).]
[PL 1997, c. 398, Pt. I, §21 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I21 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §432. Interest on loans

§432. Interest on loans
1.  Interest absent in writing.
The maximum legal rate of interest on a loan made by a financial institution, in the absence of an agreement in writing establishing a different rate, shall be 6 percent per year.
[PL 1975, c. 500, §1 (NEW).]
2.  Interest: noncommercial or consumer loans.
A. The legal rate of interest, whether set forth in writing or not, on a noncommercial or consumer loan, shall be established in accordance with and subject to the limitations set forth in Title 9-A.
A loan made by a financial institution which is secured by a first mortgage on real estate shall not be within the interest limitations set forth in Title 9-A; provided that the security interest in real estate is not given for purpose of evading said Title 9-A.   [PL 1975, c. 500, §1 (NEW).]
[PL 1975, c. 500, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §433. Fair credit extension

§433. Fair credit extension
Every financial institution authorized to do business in this State shall be subject to and shall comply with the provisions of Title 5, sections 4595 to 4598 providing for the fair extension of credit by lenders in this State.   [PL 1975, c. 500, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §434. Loan participations and purchases (REPEALED)

§434. Loan participations and purchases
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 785, §1 (AMD). PL 1997, c. 398, §I22 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §435. Minority of borrower

§435. Minority of borrower
1.  Limitation on disability.
The disability of minority of any person otherwise eligible for a loan, or guaranty or insurance of a loan, pursuant to the Act of Congress entitled the "Servicemen's Readjustment Act", 38 U.S.C. § 1801 et seq., as amended, and of the minor spouse of any eligible veteran, in connection with any transaction entered into pursuant to said Act of Congress, shall not affect the binding effect of any obligation incurred by such eligible person or spouse as an incident to any such transaction, including incurring of indebtedness and acquiring, encumbering, selling, releasing or conveying property, or any interest therein, if all or part of any such obligation be guaranteed or insured by the Government or the Administrator of Veterans' Affairs pursuant to said Act and amendments thereto; or if the Administrator be the creditor, by reason of a loan or a sale pursuant to said Act and amendments.
[PL 1975, c. 500, §1 (NEW).]
2.  No additional rights.
This section shall not create, or render enforceable any other or greater rights or liabilities than would exist if neither such person nor such spouse was a minor.
[PL 1975, c. 500, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §437. Repayment of noncommercial and consumer loans (REPEALED)

§437. Repayment of noncommercial and consumer loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I23 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §438. Federal funds loans or sales (REPEALED)

§438. Federal funds loans or sales
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 429, §9 (AMD). PL 1997, c. 398, §I24 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 43: LOANS IN GENERAL › 9-B §439. Attorneys (REPEALED)

§439. Attorneys
(REPEALED)
SECTION HISTORY
PL 1979, c. 531 (NEW). PL 1983, c. 150, §2 (AMD). PL 1985, c. 311, §6 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §441. Applicability of chapter

§441. Applicability of chapter
The provisions of this chapter govern the services and incidental activities offered by financial institutions.   [PL 1997, c. 398, Pt. I, §27 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I27 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §441-A. General powers

§441-A. General powers
Unless otherwise prohibited or limited by this Title or rules adopted by the superintendent, a financial institution has and may exercise all powers necessary or convenient to effect the purposes for which the financial institution is organized or to further the businesses in which the financial institution is lawfully engaged.   [PL 1997, c. 398, Pt. I, §28 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I28 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §442. Trustee, self-employment retirement plans

§442. Trustee, self-employment retirement plans
1.  Authorization; limitation.
Financial institutions may act as trustee under a retirement plan established pursuant to the Act of Congress entitled "Self-employed Individuals Retirement Act of 1962," as amended; an individual retirement arrangement pursuant to the "Employee Retirement Income Security Act of 1974," as amended; a simplified employee pension plan pursuant to the "Revenue Act of 1978," as amended; or any similar qualified retirement plan pursuant to federal law. This section in no way limits the authority granted to trust departments of financial institutions.
[PL 1997, c. 398, Pt. I, §29 (AMD).]
2.  Loss of status as qualified plan.
In the event that any such retirement plan, which in the judgment of the institution constitutes a qualified plan under either said Self-employed Individuals Retirement Act of 1962; the Employee Retirement Income Security Act of 1974; a simplified employee pension plan pursuant to the "Revenue Act of 1978," as amended; or any similar qualified retirement plan pursuant to federal law, and the regulations promulgated thereunder at the time the trust or account was established and accepted by the institution, is determined subsequently not to be such a qualified plan or ceases subsequently to be such a qualified plan, in whole or in part, the institution may nevertheless continue to act as trustee of any deposit theretofore made under such plan and to dispose of the same in accordance with the directions of the depositor and the beneficiaries thereof.
[PL 1985, c. 588, §2 (AMD).]
3.  Segregation not required.
No institution, with respect to the deposits made under this section, shall be required to segregate such deposits from its other deposits except as may be required under federal law establishing such plans; provided that the institution shall keep appropriate records showing in proper detail all transactions engaged in under the authority of this section.
[PL 1975, c. 500, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1977, c. 39 (AMD). PL 1985, c. 588, §§1,2 (AMD). PL 1997, c. 398, §I29 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §444. Credit cards (REPEALED)

§444. Credit cards
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I33 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §445. Service corporations

§445. Service corporations
1.  Authorization.
A financial institution may establish, acquire or invest in the equity interest, obligations or other securities of a service corporation, as defined in section 131, or otherwise participate in or utilize the service of such a corporation. A service corporation may be owned by one or more institutions engaged in the business of banking.
[PL 2005, c. 82, §10 (AMD).]
2.  Limitations.
The stock of a service corporation formed pursuant to this section may be owned only by institutions engaged in the business of banking. The maximum amount of investment in any one such service corporation may not exceed 20% of the institution's total capital and reserves or its total surplus account. The aggregate investment of a financial institution in all service corporations may not exceed 50% of its total capital and reserves or its total surplus account. For purposes of applying the legal lending limit prescribed in this Title, a financial institution's investment in a service corporation, if majority owned, must be consolidated with the financial institution on a line-for-line basis proportionate to the financial institution's ownership interest in the service corporation.
[PL 1997, c. 22, §13 (AMD).]
3.  Records.
The books and accounts of a service corporation involving any financial institution shall be kept in such manner and form as the superintendent may prescribe; and any agreement between a financial institution and such corporation shall provide that such books and accounts may be examined by the superintendent or his designee.
[PL 1975, c. 500, §1 (NEW).]
4.  Ownership.
[PL 1997, c. 22, §14 (RP).]
5.  Exception for debt-acquired real property.
[PL 1997, c. 22, §15 (RP).]
6.  Notice required.
A financial institution seeking to invest in one or more service corporations shall notify the superintendent in writing at least 30 days prior to such investment.
A. [PL 2017, c. 143, §3 (RP).]
B. [PL 2017, c. 143, §3 (RP).]
[PL 2017, c. 143, §3 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §§20,21 (AMD). PL 1983, c. 63, §§3-4 (AMD). PL 1991, c. 386, §§12-15 (AMD). PL 1997, c. 22, §12 (AMD). PL 1997, c. 22, §13 (AMD). PL 1997, c. 22, §14 (AMD). PL 1997, c. 22, §15 (AMD). PL 1997, c. 22, §16 (AMD). PL 2005, c. 82, §10 (AMD). PL 2017, c. 143, §3 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §446. Closely-related activities (REPEALED)

§446. Closely-related activities
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §§21-A (AMD). PL 1997, c. 22, §§17,18 (AMD). PL 1997, c. 398, §I34 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES › 9-B §447. Real estate appraisals; copies

§447. Real estate appraisals; copies
A financial institution that imposes a fee on a person for the cost of an appraisal of any real estate shall furnish to the person, at no cost, one copy of the appraisal upon request, if the request is made within 90 days after the financial institution has provided notice of action taken on the application for credit or the date of the closing, whichever is later, or 90 days after the application is withdrawn.   [PL 1999, c. 150, §8 (AMD).]
SECTION HISTORY
PL 1987, c. 265, §2 (NEW). PL 1999, c. 150, §8 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 45: RECORDS AND REPORTS › 9-B §451. Applicability of chapter

§451. Applicability of chapter
The provisions of this chapter apply to financial institutions organized under chapters 31 and 32 and establish minimum record-keeping requirements for these financial institutions.   [PL 1997, c. 398, Pt. I, §36 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I36 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 45: RECORDS AND REPORTS › 9-B §452. Maintenance of records; accounting and assets

§452. Maintenance of records; accounting and assets
1.  Safekeeping of assets and records.
Every financial institution shall make provisions to secure the safekeeping of the financial institution's assets and its books, accounts and records and shall keep them separate and apart from the assets or property of others. A financial institution may use the services of other entities when reasonably appropriate to accomplish the duties imposed by this section.
[PL 1997, c. 398, Pt. I, §37 (AMD).]
2.  Books and accounting.
The clerk or treasurer of every financial institution, or such other officer as may be designated in the bylaws or by a duly recorded vote of its directors, shall cause the books and accounts of the financial institution to be kept in accordance with generally accepted accounting principles unless the superintendent otherwise prescribes. The superintendent may prescribe the manner and form of keeping such books and accounts, which need not be uniform.
[PL 1997, c. 398, Pt. I, §37 (AMD).]
3.  Assets.
[PL 1997, c. 398, Pt. I, §37 (RP).]
4.  Fair value.
The superintendent may require any of the assets of a financial institution to be charged down to such sum as in the superintendent's judgment represents its fair value.
[PL 1997, c. 398, Pt. I, §37 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I37 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 45: RECORDS AND REPORTS › 9-B §453. Annual audits

§453. Annual audits
1.  Selection of auditor.
The governing body of a financial institution subject to the provisions of this Title shall employ an independent public accountant or accountants at least annually.
[PL 1997, c. 398, Pt. I, §38 (AMD).]
2.  Duties of the auditor.
The accountant or auditor selected in subsection 1 shall analyze the books, accounts, notes, mortgages, securities and operating systems of the institution in such manner as in his judgment will result in an audit which, together with the internal auditing and accounting procedures of the institution, comports with generally accepted accounting standards for the protection of depositors, members or stockholders and the efficient operation of the institution. The accountant or auditor shall make a written report of the condition of the institution to the president and chairman of the board, for the board, in such manner and to such extent as said accountant or auditor may deem necessary or proper, and said accountant or auditor shall supply such additional information obtained from his audit as the board may direct.
[PL 1975, c. 500, §1 (NEW).]
3.  Superintendent's comment on audit.
The superintendent shall, in the course of his regular official examination of the institution and at such other times as he deems advisable, investigate the work of such accountant or auditor to determine its adequacy for the purposes set forth in subsection 2. In determining the adequacy of such an audit, the superintendent shall take into account the internal auditing and accounting procedures established by such institution. If the superintendent determines that the audit is inadequate, he shall report forthwith his findings, with instructions, in writing to the directors, who shall, within 30 days thereafter, comply therewith.
[PL 1975, c. 500, §1 (NEW).]
4.  Audit limiting liability.
Whenever the directors of a financial institution shall have provided for such audit or audits by the method prescribed and, in the case of the employment, election or appointment of an accountant or auditor by them, shall have taken such action to remedy conditions as may be deemed reasonably necessary in the light of the information disclosed by any report of said accountant or auditor, and shall have complied with all reasonable recommendations of the superintendent relative thereto within the time hereinbefore prescribed, they shall not be personally liable for any loss suffered by such institution due to any subsequent wrongdoing by any officer or employee of the institution, in the absence of other facts indicating negligence on the part of said directors.
[PL 1975, c. 500, §1 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I38 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 45: RECORDS AND REPORTS › 9-B §454. Destruction of deposit records

§454. Destruction of deposit records
Any statement of account rendered by a financial institution to a depositor or any account book or passbook that has been written up by the financial institution to show the condition of the depositor's account and accompanied by vouchers that are the basis for debit entries to the account are deemed finally adjusted and settled and are conclusively presumed to be correct after a period of 6 years from rendition if the depositor has not questioned the correctness of the account. The depositor is thereafter barred from questioning the account. This section may not be construed to relieve the depositor from the duty now imposed by law of exercising due diligence in the examination of such account and vouchers, if any, when rendered by the financial institution and of immediate notification to the financial institution upon discovery of any error in such account, nor from the legal consequences of neglect of such duty, nor to prevent the application of Title 11 to cases governed by Title 11. Accordingly, financial institutions are not required to preserve or keep their records or files relating to these accounts and vouchers for a longer period than 6 years.   [PL 1997, c. 398, Pt. I, §39 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §I39 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §461. Applicability of chapter

§461. Applicability of chapter
The provisions of this chapter setting forth acts and practices that are prohibited apply to all financial institutions, universal banks, limited purpose banks, credit unions and financial institution holding companies subject to the laws of this State and are in addition to the prohibitions in this Title.   [PL 1999, c. 546, §1 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1999, c. 218, §24 (AMD). PL 1999, c. 546, §1 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §462. Interlocks of directors, corporators and officers

§462. Interlocks of directors, corporators and officers
1.  Prohibited interlocks.
Except as provided in subsections 2 and 3, no person who is a director, corporator, officer or employee of a financial institution, credit union or financial institution holding company authorized to do business in this State shall serve as a director, corporator, officer or employee of any other such financial institution, credit union or financial institution holding company authorized to do business in this State.
[PL 1975, c. 500, §1 (NEW).]
2.  Exceptions.
The prohibitions contained in subsection 1 shall not apply to the situation where directors, officers or employees of subsidiaries of financial institutions and subsidiaries of financial institution holding companies who may also be directors, officers or employees of the parent financial institution holding company, or of other subsidiaries of such holding company.
[PL 1975, c. 500, §1 (NEW).]
3.  Grandfather provision.
The prohibitions contained in subsection 1 shall not apply to any person who is presently serving in such multiple offices until October 3, 1976.
[PL 1975, c. 500, §1 (NEW).]
4.  Waiver.
The superintendent may grant a waiver of the prohibition contained in subsection 1 upon request by an affected party. A waiver may be granted only in situations involving a financial institution, credit union or financial institution holding company and a limited purpose bank and for good cause shown when there is no conflict resulting from competition between institutions. The superintendent may withdraw a waiver granted under this subsection upon reasonable written notice to the affected party.
[PL 1999, c. 546, §2 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1999, c. 546, §2 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §463. Stock in Maine financial institutions (REPEALED)

§463. Stock in Maine financial institutions
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §22 (AMD). PL 1977, c. 152, §3 (AMD). PL 1979, c. 663, §42 (AMD). PL 1983, c. 55, §2 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §464. Loans on shares of stock

§464. Loans on shares of stock
1.  Prohibition.
A financial institution shall not make loans or discounts on the security of the shares of its own capital stock or the capital stock of its parent holding company or its subsidiaries, if any, nor shall an institution be the purchaser or holder of any such shares unless necessary to prevent loss upon a debt previously contracted for in good faith, and all stock so acquired shall be disposed of at public or private sale within one year after its acquisition, in accordance with such requirements as the superintendent deems appropriate.
[PL 1975, c. 500, §1 (NEW).]
2.  Extension of time for disposition of shares.
The time for disposition of shares acquired in subsection 1 may be extended by the superintendent for good cause shown, upon application in writing to the superintendent.
[PL 1975, c. 500, §1 (NEW).]
3.  Purchase of own shares.
Nothing in this section shall be construed as prohibiting an institution, with the prior written approval of the superintendent, from:
A. Redeeming shares of its capital stock of any type pursuant to provisions of its bylaws or articles of incorporation;   [PL 1977, c. 152, §4 (NEW).]
B. Purchasing shares of its capital stock of any type for the purpose of reducing its outstanding shares pursuant to provisions of its bylaws or articles of incorporation; or   [PL 1977, c. 152, §4 (NEW).]
C. Purchasing shares of any type of its own capital stock or the capital stock of its parent financial institution holding company pursuant to any stock option plan, stock bonus plan or other incentive plan for any or all directors, officers and employees duly adopted by the financial institution's board of directors.   [PL 1975, c. 546, §48 (AMD).]
[PL 1977, c. 564, §48 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1977, c. 152, §4 (AMD). PL 1977, c. 564, §48 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §465. Loans to directors, corporators or officers (REPEALED)

§465. Loans to directors, corporators or officers
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §23 (AMD). PL 1977, c. 152, §5 (AMD). PL 1981, c. 501, §§32,33 (AMD). PL 1981, c. 698, §24 (AMD). PL 1983, c. 56, §§1-3 (AMD). PL 1985, c. 83, §§2,3 (AMD). PL 1987, c. 405, §2 (AMD). PL 1991, c. 34, §9 (AMD). PL 1991, c. 681, §2 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §467. Outside business interests

§467. Outside business interests
1.  Acting as broker-dealer prohibited.
[PL 1997, c. 22, §20 (RP).]
2.  Other outside business interests.
A policy-making officer of a financial institution may not engage in, directly or indirectly, any other business or occupation without the consent of a majority of the directors, evidenced by a duly recorded resolution.
[PL 1991, c. 386, §16 (AMD).]
3.  Compliance.
Any person described in subsections 1 or 2 who is in violation of this section on the effective date hereof shall have two years from said effective date to comply with the requirements of subsections 1 and 2.
[PL 1975, c. 500, §1 (NEW).]
4.  Sale of annuities.
A financial institution or a credit union authorized to do business in this State may not arrange for the sale of annuities pursuant to section 443, subsection 11 with an insurance agent if that agent is a director of the financial institution or credit union or with an agency if a director is an owner or otherwise has a financial interest in the agency.
[PL 1993, c. 322, §2 (NEW).]
5.  Provision of names of persons purchasing annuities.
A financial institution or a credit union authorized to do business and to sell annuities in this State may not sell or provide to any individual or institution the name of any person that has purchased annuities from that financial institution or credit union.
[PL 1993, c. 322, §2 (NEW).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1989, c. 502, §D6 (AMD). PL 1991, c. 386, §16 (AMD). PL 1993, c. 322, §2 (AMD). PL 1997, c. 22, §20 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 46: PROHIBITIONS › 9-B §469. Fundamental change in asset composition

§469. Fundamental change in asset composition
1.  Requirement of prior approval.
A financial institution, without the prior written approval of the superintendent, may not change the composition of all or substantially all of its assets through sales or other dispositions of assets, through purchases or other acquisitions of assets or through other expansions of its operations.
[PL 2005, c. 83, §11 (NEW).]
2.  Considerations.
In determining whether to approve the change in the asset composition of a financial institution, the superintendent shall consider the purpose of the proposed transaction, its impact on the safety and soundness of the financial institution and any effect on the customers of the financial institution. If the superintendent concludes that a filing presents significant or novel policy, supervisory or legal issues, the superintendent may require an application to be filed in accordance with section 252.
[PL 2005, c. 83, §11 (NEW).]
3.  Exception.
Prior written approval is not required for a change in the composition of assets that is part of the financial institution's ordinary and ongoing core banking activities.
[PL 2005, c. 83, §11 (NEW).]
4.  Rules.
The superintendent may adopt rules defining a change in the composition of all or substantially all of a financial institution's assets and setting forth the factors to consider in determining what constitutes a fundamental change in assets. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.
[PL 2005, c. 83, §11 (NEW).]
SECTION HISTORY
PL 2005, c. 83, §11 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 47: TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS › 9-B §471. General

§471. General
A financial institution may act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates or in any other fiduciary capacity. Assets held in any fiduciary capacity must be segregated from the general assets of the financial institution and the financial institution shall keep a separate set of books and records showing in proper detail all transactions engaged in under this section. The trust activities of financial institutions are governed by this chapter and the Probate Code.   [PL 1997, c. 398, Pt. I, §41 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I41 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 47: TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS › 9-B §472. Notice

§472. Notice
A financial institution shall provide the superintendent 60 days' notice prior to conducting trust activities. The superintendent may prescribe the form and content of the notice, including, but not limited to, business plans, financial projections and management. Notice is not required if trust activities are limited to retirement plans established pursuant to the federal Self-employed Individuals Tax Retirement Act of 1962, Public Law 87-792, 76 Stat. 809, the Employee Retirement Income Security Act of 1974, 29 United States Code, Sections 1001-1461 (1997) or other acts if the retirement funds are invested exclusively in the deposit accounts of the financial institution.   [PL 1997, c. 398, Pt. I, §41 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I41 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 47: TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS › 9-B §474. Bond

§474. Bond
A surety is not necessary on the bond of the financial institution in its capacity as trustee, executor, administrator, conservator, guardian, assignee or receiver, or in any other capacity, unless the court or officer approving the bond requires it.   [PL 1997, c. 398, Pt. I, §41 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I41 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS › Chapter 47: TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS › 9-B §475. Rulemaking

§475. Rulemaking
The superintendent may adopt rules governing the trust activities of financial institutions. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II‑A.   [PL 1997, c. 398, Pt. I, §41 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I41 (NEW).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › 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. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 51: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §512. Undivided profits (REPEALED)

§512. Undivided profits
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 51: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §513. Guaranty fund (REPEALED)

§513. Guaranty fund
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1991, c. 34, §10 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 51: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §514. Cash reserve (REPEALED)

§514. Cash reserve
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §43 (AMD). PL 1981, c. 155, §5 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 52: DEPOSITS (REPEALED) › 9-B §521. Deposits in general (REPEALED)

§521. Deposits in general
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 52: DEPOSITS (REPEALED) › 9-B §522. Classification and amounts (REPEALED)

§522. Classification and amounts
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 22, §21 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 52: DEPOSITS (REPEALED) › 9-B §523. Dividends and interest on deposits and accounts (REPEALED)

§523. Dividends and interest on deposits and accounts
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 52: DEPOSITS (REPEALED) › 9-B §524. Trust assets (REPEALED)

§524. Trust assets
(REPEALED)
SECTION HISTORY
PL 1983, c. 89, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 52: DEPOSITS (REPEALED) › 9-B §525. Deposits of fiduciaries and other officials (REPEALED)

§525. Deposits of fiduciaries and other officials
(REPEALED)
SECTION HISTORY
PL 1983, c. 89, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 52: DEPOSITS (REPEALED) › 9-B §526. Pledge of assets for deposits (REPEALED)

§526. Pledge of assets for deposits
(REPEALED)
SECTION HISTORY
PL 1991, c. 386, §17 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §531. Loans in general (REPEALED)

§531. Loans in general
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 405, §3 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §532. Real estate mortgage loans (REPEALED)

§532. Real estate mortgage loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 170, §3 (AMD). PL 1979, c. 429, §10 (AMD). PL 1979, c. 661, §4 (AMD). PL 1981, c. 159 (AMD). PL 1981, c. 501, §34 (AMD). PL 1985, c. 84, §§1,2 (AMD). PL 1987, c. 405, §§4-6 (AMD). PL 1991, c. 34, §11 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §533. Other mortgage loans (REPEALED)

§533. Other mortgage loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §534. Other loans (REPEALED)

§534. Other loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 405, §7 (RPR). PL 1991, c. 34, §12 (AMD). PL 1991, c. 386, §18 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §534-A. Commercial loans (REPEALED)

§534-A. Commercial loans
(REPEALED)
SECTION HISTORY
PL 1981, c. 646, §2 (NEW). PL 1987, c. 405, §8 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §534-B. Individual borrower loan limitations (REPEALED)

§534-B. Individual borrower loan limitations
(REPEALED)
SECTION HISTORY
PL 1987, c. 405, §9 (NEW). PL 1991, c. 34, §13 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §535. Loan participations (REPEALED)

§535. Loan participations
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1977, c. 152, §§5-A (AMD). PL 1981, c. 646, §3 (AMD). PL 1987, c. 405, §10 (AMD). PL 1991, c. 34, §14 (AMD). PL 1991, c. 386, §19 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §536. Other prudent loans (REPEALED)

§536. Other prudent loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §44 (AMD). PL 1987, c. 405, §11 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §537. Additional loans authorized by superintendent (REPEALED)

§537. Additional loans authorized by superintendent
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1981, c. 646, §4 (AMD). PL 1987, c. 405, §12 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §538. Miscellaneous loans (REPEALED)

§538. Miscellaneous loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1977, c. 152, §6 (AMD). PL 1979, c. 170, §4 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §539. Aggregate limitation on loans (REPEALED)

§539. Aggregate limitation on loans
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §§23-B (AMD). PL 1991, c. 386, §20 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 53: LOANS (REPEALED) › 9-B §539-A. Commercial lines of credit (REPEALED)

§539-A. Commercial lines of credit
(REPEALED)
SECTION HISTORY
PL 1983, c. 251, §1 (NEW). PL 1987, c. 405, §13 (AMD). RR 1991, c. 2, §24 (COR). PL 1991, c. 34, §15 (AMD). PL 1997, c. 22, §22 (AMD). PL 1997, c. 398, §K7 (RP). PL 1997, c. 683, §B4 (AMD).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › 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 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 54: REAL PROPERTY OWNERSHIP (REPEALED) › 9-B §542. Real estate other than for offices (REPEALED)

§542. Real estate other than for offices
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §45 (AMD). PL 1981, c. 646, §5 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 54: REAL PROPERTY OWNERSHIP (REPEALED) › 9-B §543. Housing development real estate (REPEALED)

§543. Housing development real estate
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §551. Investments in general (REPEALED)

§551. Investments in general
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §552. Government unit bonds (REPEALED)

§552. Government unit bonds
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §46 (AMD). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §553. Corporate securities (REPEALED)

§553. Corporate securities
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §47 (AMD). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §554. Financial institution stock and other obligations (REPEALED)

§554. Financial institution stock and other obligations
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §24 (AMD). PL 1979, c. 663, §48 (AMD). PL 1981, c. 646, §6 (AMD). PL 1983, c. 480, §B12 (AMD). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §555. Other stock investments (REPEALED)

§555. Other stock investments
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1977, c. 640, §1 (AMD). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §556. Other prudent securities (REPEALED)

§556. Other prudent securities
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1981, c. 646, §7 (AMD). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §557. Retention of unauthorized securities (REPEALED)

§557. Retention of unauthorized securities
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §558. Change in investment limitations (REPEALED)

§558. Change in investment limitations
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55: INVESTMENTS IN SECURITIES (REPEALED) › 9-B §559. Subsidiary companies (REPEALED)

§559. Subsidiary companies
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1987, c. 405, §14 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › 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. 405, §15 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55-A: INVESTMENT IN SECURITIES (REPEALED) › 9-B §559-B. Retention of unauthorized securities (REPEALED)

§559-B. Retention of unauthorized securities
(REPEALED)
SECTION HISTORY
PL 1987, c. 405, §15 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55-A: INVESTMENT IN SECURITIES (REPEALED) › 9-B §559-C. Subsidiary companies (REPEALED)

§559-C. Subsidiary companies
(REPEALED)
SECTION HISTORY
PL 1987, c. 405, §15 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 55-A: INVESTMENT IN SECURITIES (REPEALED) › 9-B §559-D. Common and preferred stock (REPEALED)

§559-D. Common and preferred stock
(REPEALED)
SECTION HISTORY
PL 1987, c. 405, §15 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §561. Powers in general (REPEALED)

§561. Powers in general
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §562. Federal Reserve membership (REPEALED)

§562. Federal Reserve membership
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1981, c. 698, §25 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §563. Federal Home Loan Bank membership (REPEALED)

§563. Federal Home Loan Bank membership
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1981, c. 698, §26 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §564. Promissory notes; bills of exchange (REPEALED)

§564. Promissory notes; bills of exchange
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §565. Borrowing (REPEALED)

§565. Borrowing
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §566. Bond (REPEALED)

§566. Bond
(REPEALED)
SECTION HISTORY
PL 1983, c. 89, §2 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §567. Trusts (REPEALED)

§567. Trusts
(REPEALED)
SECTION HISTORY
PL 1983, c. 89, §2 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 56: ADDITIONAL POWERS (REPEALED) › 9-B §568. Executor, guardian, etc. (REPEALED)

§568. Executor, guardian, etc.
(REPEALED)
SECTION HISTORY
PL 1983, c. 89, §2 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 57: PROHIBITIONS (REPEALED) › 9-B §571. Prohibitions in general (REPEALED)

§571. Prohibitions in general
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 5: SAVINGS BANKS › Chapter 57: PROHIBITIONS (REPEALED) › 9-B §572. Use of the word "saving" (REPEALED)

§572. Use of the word "saving"
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1985, c. 647, §8 (AMD). PL 1995, c. 628, §24 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › 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. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 6: TRUST COMPANIES › Chapter 61: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §612. Guaranty Fund (REPEALED)

§612. Guaranty Fund
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1991, c. 34, §16 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 6: TRUST COMPANIES › Chapter 61: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §613. Cash reserve (REPEALED)

§613. Cash reserve
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §49 (AMD). PL 1981, c. 155, §6 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 6: TRUST COMPANIES › Chapter 61: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §614. Federal Reserve membership (REPEALED)

§614. Federal Reserve membership
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §25 (AMD). PL 1981, c. 698, §27 (AMD). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 6: TRUST COMPANIES › Chapter 61: CAPITAL AND CASH RESERVE (REPEALED) › 9-B §615. Liability of stockholders (REPEALED)

§615. Liability of stockholders
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).
2023 Maine Revised Statutes › TITLE 9-B: FINANCIAL INSTITUTIONS › Part 6: TRUST COMPANIES › Chapter 62: DEPOSITS (REPEALED) › 9-B §621. Deposits in general (REPEALED)

§621. Deposits in general
(REPEALED)
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §K7 (RP).