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Maine Statutes, Title 9-B

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Maine/Statutes

← All Maine coverage

Title 9-B, Title 9-B

66 chapters · 278 sections in this title.

All chapters in Title 9-B278 Ch 131, Chapter 13119 Ch 34, Chapter 3410 Ch 41, Chapter 4110 Ch 101, Chapter 10110 Ch 123, Chapter 12310 Ch 22, Chapter 229 Ch 31, Chapter 319 Ch 35, Chapter 359 Ch 36, Chapter 369 Ch 87, Chapter 879 Ch 91, Chapter 919 Ch 33, Chapter 338 Ch 37, Chapter 378 Ch 42, Chapter 428

9 sections·Filtered byTitle 9-B✕Ch 35✕

9-B M.R.S. § 351 Applicability of chapter; fees
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1. Applicability. The provisions of this chapter govern mergers and consolidations undertaken by financial institutions and industrial banks subject to the laws of this State and must set forth the procedures for and limitations on the acquisition of all or substantially all of t…
9-B M.R.S. § 352 Mergers and consolidations; investor-owned institutions
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Any 2 or more investor-owned institutions authorized to do business in this State may merge or consolidate into one investor-owned institution organized under the laws of this State in accordance with the procedures, and subject to the conditions and limitations, set forth in thi…
9-B M.R.S. § 353 Mergers and consolidations; mutual financial institutions
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Any 2 or more mutual financial institutions authorized to do business in this State may merge or consolidate into one mutual financial institution organized under chapter 32 in accordance with the procedures and subject to the conditions and limitations set forth in this section.…
9-B M.R.S. § 354 Mergers and consolidations; investor-owned and mutual financial institutions
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1. Resulting mutual financial institution. An investor-owned financial institution may be merged into or consolidated with a mutual financial institution organized under the laws of this State in accordance with the procedures and subject to the conditions and limitations set for…

9-B M.R.S. § 354-A Authority for expedited mergers and consolidations

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Notwithstanding any other provision of law, or any organizational document of any participating institution, following approval of the plan of merger or consolidation by a majority vote of the governing body of each participating institution and receipt by the superintendent of c…

9-B M.R.S. § 355 Acquisition of assets; assumption of liabilities

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A financial institution organized under the laws of this State may acquire the assets of, or assume the liabilities of, any other financial institution authorized to do business in this State, in accordance with the procedures and subject to the conditions and limitations set for…

9-B M.R.S. § 355-A Authority for expedited acquisitions

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Notwithstanding any other provision of law, or any organizational document of any participating institution, the superintendent may order that the acquisition of assets and assumption of liabilities become effective immediately if the superintendent determines that the action is …

9-B M.R.S. § 357 Effect of merger, consolidation, conversion or acquisition

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From and after the effective date of a merger, consolidation, conversion or acquisition, the resulting institution may conduct business in accordance with the terms of the plan as approved; provided that: [PL 1975, c. 500, §1 (NEW).] 1. Continuing entity. Even though the charter …

9-B M.R.S. § 358 Nonconforming activities: cessation

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If, as a result of a merger, consolidation, conversion or acquisition pursuant to this Title, the resulting institution is to be of a different type or of a different character than any one or all of the participating or converting institutions, such resulting institution shall b…