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66 chapters · 278 sections in this title.
9-B M.R.S. § 1211 General purpose and authority
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A nondepository trust company is a financial institution organized under the provisions of this Title whose activities are generally limited to trust or fiduciary matters. Unless otherwise indicated in this chapter or to the extent inconsistent with this chapter or with the gener…
9-B M.R.S. § 1212 Organization of nondepository trust companies
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1. Organization. A nondepository trust company must be organized pursuant to chapter 31. 1-A. Principal office in State. Except for a nondepository trust company organized prior to the effective date of this subsection, a nondepository trust company shall locate its principal off…
9-B M.R.S. § 1213 Capital
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A nondepository trust company must have initial paid-in capital in accordance with chapter 31 and shall maintain capital in accordance with section 412-A and any rules adopted under section 412-A, except the superintendent may establish different capital maintenance requirements …
9-B M.R.S. § 1213-A Asset pledge
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1. Pledge requirement. The superintendent may require a nondepository trust company to pledge readily marketable assets to the superintendent if the superintendent believes that circumstances warrant the action. The pledged assets must be United States dollar denominated, investm…