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66 chapters · 278 sections in this title.
9-B M.R.S. § 1021 Definition
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As used in this chapter, the term "mutual trust investment company" means a corporation which is an investment company as defined by an Act of Congress entitled "Investment Company Act of 1940", as amended; and incorporated in compliance with this chapter to constitute a medium f…
9-B M.R.S. § 1022 Authority to incorporate
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Any 5 or more state banks with trust powers, trust companies and national banks with trust powers located in this State are authorized to cause a mutual trust investment company to be organized and incorporated, subject to the approval of the superintendent and subject to such re…
9-B M.R.S. § 1023 Application of general corporation law; articles of incorporation
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1. Subject to Title 13-C. Except as otherwise provided in this chapter, such a mutual trust investment company must be incorporated under and is subject to Title 13‑C. 2. Incorporators. The incorporators subscribing to and acknowledging the articles of incorporation shall consist…
9-B M.R.S. § 1024 Corporate powers; stock ownership
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1. Ownership. The stock of a mutual trust investment company shall be owned only by State banks with trust powers, trust companies and national banks with trust powers located in this State, acting as fiduciaries, and their individual cofiduciaries, if any, but may be registered …