TITLE 9-B: FINANCIAL INSTITUTIONS
- Chapter 101: FINANCIAL INSTITUTION HOLDING COMPANIES
- 9-B §1011. Definitions
- 9-B §1012. Registration
- 9-B §1013. Acquisition of interests in financial institutions
- 9-B §1014. Closely-related activities
- 9-B §1015. Applications
- 9-B §1016. Reports and examinations
- 9-B §1017. Conformity with Federal procedures
- 9-B §1018. Exclusion
- 9-B §1019. Prohibitions
- 9-B §1019-A. Notification of superintendent; purchase of own shares
- 9-B §1020. Annual reports to the Legislature (REPEALED)
- Chapter 102: MUTUAL TRUST INVESTMENT COMPANIES
- 9-B §1021. Definition
- 9-B §1022. Authority to incorporate
- 9-B §1023. Application of general corporation law; articles of incorporation
- 9-B §1024. Corporate powers; stock ownership
- 9-B §1025. Purchase of stock by fiduciaries; authority and restrictions
- 9-B §1026. Powers of the superintendent
- Chapter 105: MUTUAL HOLDING COMPANY
- Chapter 107: MERCHANT BANKING
- Chapter 11: POLICY
- Chapter 121: NONDEPOSITORY TRUST COMPANIES
- 9-B §1211. General purpose and authority
- 9-B §1212. Organization of nondepository trust companies
- 9-B §1213. Capital
- 9-B §1213-A. Asset pledge
- 9-B §1214. Business of nondepository trust companies
- 9-B §1215. Holding companies of nondepository trust companies
- 9-B §1216. Rules
- Chapter 122: MERCHANT BANKS
- 9-B §1221. General purpose and authority
- 9-B §1222. Organization of merchant banks
- 9-B §1223. Capital
- 9-B §1223-A. Asset pledge
- 9-B §1224. Business of merchant banks; power; limitations
- 9-B §1225. Insider loans and investments
- 9-B §1226. Holding companies of merchant banks
- 9-B §1227. Rules
- Chapter 123: UNINSURED BANKS
- 9-B §1231. General authority and purpose
- 9-B §1232. Organization of uninsured banks
- 9-B §1233. Capital
- 9-B §1233-A. Asset pledge
- 9-B §1234. Cash reserves on deposits and accounts
- 9-B §1235. Lending limits
- 9-B §1236. Deposits
- 9-B §1237. Disclosure of uninsured status
- 9-B §1238. Rules
- 9-B §1239. Holding companies of uninsured banks
- Chapter 12: ADMINISTRATION
- Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES
- 9-B §1311. Definitions
- 9-B §1312. Branches and agencies of foreign banks
- 9-B §1313. Federal branches and agencies
- 9-B §1314. Powers of Maine branches and agencies
- 9-B §1315. Representative offices
- 9-B §1316. Trust activities
- 9-B §1317. Service of process
- 9-B §1318. Deposit requirements; asset requirements
- 9-B §1319. Record keeping and reporting
- 9-B §1320. Disclosure of lack of deposit insurance
- 9-B §1321. Notice of changes in name and location
- 9-B §1322. Change of control of foreign bank
- 9-B §1323. Voluntary closure of Maine branch, Maine agency or Maine representative office
- 9-B §1324. Conversions
- 9-B §1325. Assessment, examination and enforcement
- 9-B §1326. Involuntary termination of authority and receivership
- 9-B §1327. Interstate operations of Maine foreign banks
- 9-B §1328. Interstate operations of out-of-state foreign banks
- 9-B §1329. Rule-making authority
- Chapter 13: DEFINITIONS
- Chapter 14-A: BUSINESS DAYS AND HOURS OF OPERATION
- Chapter 14: HOLIDAYS
- Chapter 15: EMERGENCIES
- Chapter 16: CONFIDENTIAL FINANCIAL RECORDS
- Chapter 21: ADMINISTRATION
- 9-B §211. Superintendent
- 9-B §212. Deputy superintendents and other personnel
- 9-B §212-A. Securities Division (REPEALED)
- 9-B §213. Prohibited relationships with supervised institutions
- 9-B §214. Revenues and expenses
- 9-B §215. Rules
- 9-B §216. Advisory boards (REPEALED)
- 9-B §217. Annual reports to the Legislature
- Chapter 22: EXAMINATIONS, RECORDS AND REPORTS
- 9-B §221. Examinations
- 9-B §222. Reports and other information from supervised institutions
- 9-B §223. Publication and posting of reports
- 9-B §224. Records to be kept by supervised institutions
- 9-B §225. Retention of financial institution records
- 9-B §226. Confidentiality
- 9-B §226-A. Cooperative agreements
- 9-B §227. Subpoena powers
- 9-B §228. Report of violations
- Chapter 23: CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR
- Chapter 24: ANTICOMPETITIVE OR DECEPTIVE PRACTICES
- Chapter 25: ADMINISTRATIVE PROCEDURES
- Chapter 31: ORGANIZATION AND MANAGEMENT OF INVESTOR-OWNED INSTITUTIONS
- 9-B §311. Applicability of chapter (WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/11)
- 9-B §311. Applicability of chapter (WHOLE SECTION TEXT EFFECTIVE 7/1/11)
- 9-B §312. Permission to organize
- 9-B §312-A. Expedited authority
- 9-B §313. Organization (REPEALED)
- 9-B §313-A. Certificate to commence business
- 9-B §314. Corporate finance (REPEALED)
- 9-B §314-A. Organizational documents
- 9-B §315. Stockhoders (REPEALED)
- 9-B §316. Board of directors (REPEALED)
- 9-B §316-A. Governing body
- 9-B §317. Officers and employees (REPEALED)
- 9-B §317-A. Officers
- 9-B §318. Dividends, distributions and withdrawals
- 9-B §319. Special provisions for subsidiary banks of mutual holding companies
- Chapter 32: ORGANIZATION AND MANAGEMENT OF MUTUAL AND COOPERATIVE FINANCIAL INSTITUTIONS
- Chapter 33: BRANCHES
- 9-B §331. Applicability of chapter; statewide branching
- 9-B §332. Branch offices
- 9-B §333. Limited-time, in-school or seasonal branch offices (REPEALED)
- 9-B §334. Satellite facilities
- 9-B §335. Change of office location; closing of an office
- 9-B §336. Approval powers of superintendent
- 9-B §337. Real estate for offices and facilities
- 9-B §338. Operating hours: branch offices and facilities
- 9-B §339. Mobile branches and branches in other states (REPEALED)
- 9-B §339-A. Interstate branches and satellite facilities
- Chapter 34: CHANGES IN CHARTER AND OWNERSHIP FORM
- 9-B §341. Applicability of chapter; fees
- 9-B §342. Conversion to new charter: federal to State; State to federal; out of state to State
- 9-B §342-A. Authority for expedited conversion to new charter; federal to state
- 9-B §343. Conversion of institutional charter
- 9-B §344. Conversion: mutual ownership change
- 9-B §345. Conversion; investor to mutual ownership
- 9-B §345-A. Authority for expedited charter conversions
- 9-B §345-B. Conversion; investor to investor ownership
- 9-B §346. Change of institutional name
- 9-B §347. Effect of conversion or amendment; nonconforming activities
- Chapter 35: MERGERS, CONSOLIDATIONS AND ACQUISITIONS
- 9-B §351. Applicability of chapter; fees
- 9-B §352. Mergers and consolidations; investor-owned institutions
- 9-B §353. Mergers and consolidations; mutual financial institutions
- 9-B §354. Mergers and consolidations; investor-owned and mutual financial institutions
- 9-B §354-A. Authority for expedited mergers and consolidations
- 9-B §355. Acquisition of assets; assumption of liabilities
- 9-B §355-A. Authority for expedited acquisitions
- 9-B §356. Book value of assets (REPEALED)
- 9-B §357. Effect of merger, consolidation, conversion or acquisition
- 9-B §358. Nonconforming activities: cessation
- Chapter 36: CONSERVATION, LIQUIDATION AND INSOLVENCY
- 9-B §361. Applicability of chapter
- 9-B §362. Payments restrained to preserve assets or protect depositors
- 9-B §363. Conservation of assets (REPEALED)
- 9-B §363-A. Conservation of assets
- 9-B §364. Voluntary liquidation
- 9-B §365. Insolvency liquidation
- 9-B §366. Mutual institutions: insolvency; bylaws (REPEALED)
- 9-B §367. Additional authority in conservation and liquidation (REPEALED)
- 9-B §367-A. Additional authority in conservation and liquidation
- 9-B §368. Additional authority in liquidation
- 9-B §368-A. FDIC; acquisition of stock
- 9-B §369. Judicial review
- Chapter 37: INTERSTATE BRANCHING, MERGERS, CONSOLIDATIONS AND ACQUISITIONS
- 9-B §371. Applicability of chapter; fees
- 9-B §372. Definitions
- 9-B §373. Interstate combinations, branch acquisitions and de novo establishments
- 9-B §374. Authority for expedited transactions
- 9-B §375. Applicable concentration limits
- 9-B §376. Activities of interstate branches
- 9-B §377. Corporate filing requirements
- 9-B §378. Effective date
- Chapter 41: GENERAL POWERS
- 9-B §411. Applicability of chapter
- 9-B §412. General corporate powers
- 9-B §412-A. Capital
- 9-B §413. Borrowing
- 9-B §414. Deposits in financial institutions (REPEALED)
- 9-B §415. Participation in public agencies
- 9-B §416. Powers of federally chartered institutions
- 9-B §417. Equity interest in Maine financial institutions
- 9-B §418. Acting as agent
- 9-B §419. Investment powers
- 9-B §419-A. Property ownership
- Chapter 42: DEPOSITS IN GENERAL
- 9-B §421. Applicability of chapter; tax exemption
- 9-B §421-A. General deposit powers
- 9-B §422. Insurance of deposits or accounts
- 9-B §422-A. Cash reserves on deposits and accounts
- 9-B §423. Demand deposits (REPEALED)
- 9-B §424. NOW accounts (REPEALED)
- 9-B §425. Computation of dividends and interest on deposits and accounts (REPEALED)
- 9-B §426. Savings deposits or accounts: written notice of withdrawal
- 9-B §427. Deposit or account transactions
- 9-B §428. Inactive deposits or accounts
- 9-B §429. Residential mortgage escrow accounts
- Chapter 43: LOANS IN GENERAL
- 9-B §431. Applicability of chapter
- 9-B §431-A. Loan powers
- 9-B §432. Interest on loans
- 9-B §433. Fair credit extension
- 9-B §434. Loan participations and purchases (REPEALED)
- 9-B §435. Minority of borrower
- 9-B §436. Open-end mortgages
- 9-B §437. Repayment of noncommercial and consumer loans (REPEALED)
- 9-B §438. Federal funds loans or sales (REPEALED)
- 9-B §439. Attorneys (REPEALED)
- 9-B §439-A. Lending limits
- Chapter 44: SERVICES AND INCIDENTAL ACTIVITIES
- 9-B §441. Applicability of chapter
- 9-B §441-A. General powers
- 9-B §442. Trustee, self-employment retirement plans
- 9-B §443. Services for customers
- 9-B §444. Credit cards (REPEALED)
- 9-B §445. Service corporations
- 9-B §446. Closely-related activities (REPEALED)
- 9-B §446-A. Closely related activities
- 9-B §447. Real estate appraisals; copies
- 9-B §448. Insurance agency activities
- Chapter 45: RECORDS AND REPORTS
- Chapter 46: PROHIBITIONS
- 9-B §461. Applicability of chapter
- 9-B §462. Interlocks of directors, corporators and officers
- 9-B §463. Stock in Maine financial institutions (REPEALED)
- 9-B §464. Loans on shares of stock
- 9-B §465. Loans to directors, corporators or officers (REPEALED)
- 9-B §465-A. Loans to stockholders, directors or officers
- 9-B §466. Unlawful acts
- 9-B §467. Outside business interests
- 9-B §468. Restrictions on transactions with affiliates
- 9-B §469. Fundamental change in asset composition
- Chapter 47: TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS
- Chapter 51: CAPITAL AND CASH RESERVE
- Chapter 52: DEPOSITS
- 9-B §521. Deposits in general (REPEALED)
- 9-B §522. Classification and amounts (REPEALED)
- 9-B §523. Dividends and interest on deposits and accounts (REPEALED)
- 9-B §524. Trust assets (REPEALED)
- 9-B §525. Deposits of fiduciaries and other officials (REPEALED)
- 9-B §526. Pledge of assets for deposits (REPEALED)
- Chapter 53: LOANS
- 9-B §531. Loans in general (REPEALED)
- 9-B §532. Real estate mortgage loans (REPEALED)
- 9-B §533. Other mortgage loans (REPEALED)
- 9-B §534. Other loans (REPEALED)
- 9-B §534-A. Commercial loans (REPEALED)
- 9-B §534-B. Individual borrower loan limitations (REPEALED)
- 9-B §535. Loan participations (REPEALED)
- 9-B §536. Other prudent loans (REPEALED)
- 9-B §537. Additional loans authorized by superintendent (REPEALED)
- 9-B §538. Miscellaneous loans (REPEALED)
- 9-B §539. Aggregate limitation on loans (REPEALED)
- 9-B §539-A. Commercial lines of credit (REPEALED)
- Chapter 54: REAL PROPERTY OWNERSHIP
- Chapter 55-A: INVESTMENT IN SECURITIES
- Chapter 55: INVESTMENTS IN SECURITIES
- 9-B §551. Investments in general (REPEALED)
- 9-B §552. Government unit bonds (REPEALED)
- 9-B §553. Corporate securities (REPEALED)
- 9-B §554. Financial institution stock and other obligations (REPEALED)
- 9-B §555. Other stock investments (REPEALED)
- 9-B §556. Other prudent securities (REPEALED)
- 9-B §557. Retention of unauthorized securities (REPEALED)
- 9-B §558. Change in investment limitations (REPEALED)
- 9-B §559. Subsidiary companies (REPEALED)
- Chapter 56: ADDITIONAL POWERS
- 9-B §561. Powers in general (REPEALED)
- 9-B §562. Federal Reserve membership (REPEALED)
- 9-B §563. Federal Home Loan Bank membership (REPEALED)
- 9-B §564. Promissory notes; bills of exchange (REPEALED)
- 9-B §565. Borrowing (REPEALED)
- 9-B §566. Bond (REPEALED)
- 9-B §567. Trusts (REPEALED)
- 9-B §568. Executor, guardian, etc. (REPEALED)
- Chapter 57: PROHIBITIONS
- Chapter 61: CAPITAL AND CASH RESERVE
- Chapter 62: DEPOSITS
- 9-B §621. Deposits in general (REPEALED)
- 9-B §622. Pledge of assets for deposits (REPEALED)
- 9-B §623. Trust assets (REPEALED)
- 9-B §624. Deposits by fiduciaries and other officials (REPEALED)
- 9-B §625. Deposits of securities (REPEALED)
- 9-B §626. Federal Housing Administration and Maine Housing Authority mortgages and debentures as collateral (REPEALED)
- Chapter 63: LOANS
- 9-B §631. Loans in general (REPEALED)
- 9-B §632. Loans and security (REPEALED)
- 9-B §633. Individual borrower loan limitations (REPEALED)
- 9-B §634. Guaranteed loans (REPEALED)
- 9-B §635. Investments secured by mortgages under the G. I. Bill of Rights (REPEALED)
- 9-B §636. Commercial lines of credit (REPEALED)
- Chapter 64: PROPERTY OWNERSHIP
- Chapter 65: INVESTMENTS IN SECURITIES
- Chapter 66: ADDITIONAL POWERS
- Chapter 67: PROHIBITIONS
- Chapter 68: SUBSIDIARY TRUST COMPANIES
- 9-B §681. Definitions (REPEALED)
- 9-B §682. Organization of subsidiary trust companies (REPEALED)
- 9-B §683. Business of subsidiary trust companies; limitation on powers (REPEALED)
- 9-B §684. Trust offices (REPEALED)
- 9-B §685. Interstate banking (REPEALED)
- 9-B §686. Transfer of fiduciary relationships from affiliated banks to subsidiary trust companies (REPEALED)
- 9-B §687. Applicable laws and regulations (REPEALED)
- Chapter 71: CAPITAL AND CASH RESERVE
- Chapter 72: DEPOSITS
- 9-B §721. Deposits in general (REPEALED)
- 9-B §722. Classification and amounts (REPEALED)
- 9-B §723. Dividends and interest on share accounts and deposits (REPEALED)
- 9-B §724. Limitation upon accounts or deposits (REPEALED)
- 9-B §725. Withdrawals (REPEALED)
- 9-B §726. Retirement of accounts or deposits (REPEALED)
- 9-B §727. Application of withdrawal value to indebtedness (REPEALED)
- 9-B §728. Deposits as legal investments of security for bonds (REPEALED)
- 9-B §729. Trust assets (REPEALED)
- 9-B §729-A. Deposits of fiduciaries and other officials (REPEALED)
- Chapter 73: LOANS
- 9-B §731. Loans in general (REPEALED)
- 9-B §732. Real estate mortgage loans (REPEALED)
- 9-B §733. Other mortgage loans (REPEALED)
- 9-B §734. Other loans (REPEALED)
- 9-B §734-A. Commercial loans (REPEALED)
- 9-B §734-B. Individual limitations (REPEALED)
- 9-B §735. Loan participations (REPEALED)
- 9-B §736. Other prudent loans (REPEALED)
- 9-B §737. Additional loans authorized by superintendent (REPEALED)
- 9-B §738. Miscellaneous loans (REPEALED)
- 9-B §739. Aggregate limitation on loans (REPEALED)
- 9-B §739-A. Commercial lines of credit (REPEALED)
- Chapter 74: REAL PROPERTY OWNERSHIP
- Chapter 75: INVESTMENTS IN SECURITIES
- Chapter 76: ADDITIONAL POWERS
- 9-B §761. Powers in general (REPEALED)
- 9-B §762. Expenses and service charges (REPEALED)
- 9-B §763. Federal Home Loan Bank membership (REPEALED)
- 9-B §764. Account in Federal Reserve Bank (REPEALED)
- 9-B §765. Mutual association acting as an agent (REPEALED)
- 9-B §766. Borrowing (REPEALED)
- 9-B §767. Bond (REPEALED)
- 9-B §768. Trusts (REPEALED)
- 9-B §769. Executor, guardian, etc. (REPEALED)
- Chapter 77: PROHIBITIONS
- Chapter 81: ORGANIZATION AND FORMATION
- Chapter 82: POWERS
- 9-B §821. Powers in general
- 9-B §822. Borrowing
- 9-B §823. Services for members
- 9-B §824. Participation in electronic funds transfer system
- 9-B §825. Participation in public lotteries
- 9-B §826. Offices and satellite facilities
- 9-B §827. Accounts
- 9-B §828. Powers of federally chartered credit unions
- Chapter 83: FINANCIAL MANAGEMENT
- Chapter 84: MANAGEMENT AND OPERATIONS
- 9-B §841. Management in general
- 9-B §842. Board of directors
- 9-B §843. Officers and employees
- 9-B §844. Supervisory committee or independent public accountant
- 9-B §845. Credit committee
- 9-B §846. Meetings of the members
- 9-B §847. Expulsion of members
- 9-B §848. Amendment of bylaws and charter
- Chapter 85: LOANS
- 9-B §851. Loans in general
- 9-B §852. Loan applications
- 9-B §853. Unsecured loans (REPEALED)
- 9-B §854. Loans
- 9-B §855. Real estate mortgage loans
- 9-B §856. Loans to other credit unions
- 9-B §857. Lines of credit (REPEALED)
- 9-B §857-A. Lines of credit
- 9-B §858. Federal funds loans or sales
- Chapter 86: INVESTMENTS
- Chapter 87: DISSOLUTION, MERGERS AND CONVERSIONS
- 9-B §871. Dissolution (REPEALED)
- 9-B §871-A. Dissolution
- 9-B §871-B. Applicability of chapter
- 9-B §872. Mergers and consolidations
- 9-B §872-A. Authority for expedited mergers, consolidations and acquisitions
- 9-B §873. Conversion: federal to State charter; out of state to State charter
- 9-B §874. Conversion: State to federal charter
- 9-B §875. Conversion: change in type of state charter
- 9-B §876. Acquisitions
- 9-B §877. Fees for mergers, conversions and acquisitions
- Chapter 88: PROHIBITIONS
- Chapter 91: INDUSTRIAL BANKS
- 9-B §911. Definition
- 9-B §912. Capital and management
- 9-B §913. Powers
- 9-B §914. Insurance of certificates of investment
- 9-B §915. Mergers, consolidations and acquisitions
- 9-B §916. Liquidations and conservation of assets
- 9-B §917. Superintendent's authority
- 9-B §918. Unlawful acts
- 9-B §919. Use of name "industrial bank"