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66 chapters · 278 sections in this title.
9-B M.R.S. § 1231 General authority and purpose
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A financial institution engaged in the business of banking that does not accept retail deposits and for which insurance of deposits by the FDIC is not required may be organized pursuant to chapter 31. Unless otherwise indicated in this chapter, an uninsured bank has all the power…
9-B M.R.S. § 1232 Organization of uninsured banks
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1. Organization. An uninsured bank must be organized pursuant to chapter 31. 1-A. Principal office in State. Except for an uninsured bank organized prior to the effective date of this subsection, an uninsured bank shall locate its principal office in this State, have at least one…
9-B M.R.S. § 1233 Capital
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An uninsured bank must have initial paid-in capital in accordance with chapter 31 and shall maintain minimum capital in accordance with section 412-A or rules adopted under section 412-A, except that the superintendent may establish different capital maintenance requirements for …
9-B M.R.S. § 1233-A Asset pledge
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1. Pledge requirement. The superintendent may require an uninsured bank to pledge readily marketable assets to the superintendent if the superintendent believes that the action is necessary for the protection of the public. The pledged assets must be United States dollar denomina…