™Your Policy Risk Impact Agent
66 chapters · 278 sections in this title.
9-B M.R.S. § 411 Applicability of chapter
0.7K chars
The provisions of this chapter set forth the powers granted to all financial institutions organized pursuant to chapters 31 and 32. The powers, privileges, duties and restrictions conferred and imposed in the charter or act of incorporation of any trust company, savings bank or s…
9-B M.R.S. § 412 General corporate powers
1.8K chars
A financial institution organized under chapter 31 or 32 shall have the power: [PL 1975, c. 500, §1 (NEW).] 1. To exist perpetually or as provided for in its organizational documents; 2. To sue and be sued in its corporate name, and to participate in any judicial, administrative,…
9-B M.R.S. § 412-A Capital
1.0K chars
1. Requirement. Every financial institution shall establish and maintain adequate levels of capital as set forth in rules adopted by the superintendent. These rules must address, at a minimum, composition of capital, capital levels that must be maintained and procedures that must…
9-B M.R.S. § 413 Borrowing
0.3K chars
A financial institution may borrow money on such terms and conditions as it may determine, issue its notes, bonds and other obligations and secure any of its obligations by mortgage, pledge or other encumbrance of all or any part of its property. [PL 1997, c. 398, Pt. I, §4 (AMD)…