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66 chapters · 278 sections in this title.
9-B M.R.S. § 421 Applicability of chapter; tax exemption
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1. Applicability. The sections of this chapter govern deposits or accounts in financial institutions subject to the provisions of this Title. 2. Tax exemption. All interest-bearing deposits or accounts of whatever type in financial institutions subject to the provisions of this T…
9-B M.R.S. § 421-A General deposit powers
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Unless otherwise prohibited by state law, a financial institution may establish the types and terms, including the minimum and maximum amounts that it may accept and the frequency and computation method of paying interest, of deposits that it solicits and accepts. A financial ins…
9-B M.R.S. § 422 Insurance of deposits or accounts
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1. Requirement. A financial institution organized under the laws of this State or a branch of an out-of-state financial institution authorized to do business in this State shall take any action necessary to have its deposits or accounts insured by the FDIC. For purposes of this s…
9-B M.R.S. § 422-A Cash reserves on deposits and accounts
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1. Requirement. A financial institution organized under the laws of this State and a credit union organized under the laws of this State shall maintain reserves on deposits or accounts as required from time to time by the Federal Reserve Act, Section 19(b), as amended, and any re…