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66 chapters · 278 sections in this title.
9-B M.R.S. § 461 Applicability of chapter
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The provisions of this chapter setting forth acts and practices that are prohibited apply to all financial institutions, universal banks, limited purpose banks, credit unions and financial institution holding companies subject to the laws of this State and are in addition to the …
9-B M.R.S. § 462 Interlocks of directors, corporators and officers
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1. Prohibited interlocks. Except as provided in subsections 2 and 3, no person who is a director, corporator, officer or employee of a financial institution, credit union or financial institution holding company authorized to do business in this State shall serve as a director, c…
9-B M.R.S. § 464 Loans on shares of stock
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1. Prohibition. A financial institution shall not make loans or discounts on the security of the shares of its own capital stock or the capital stock of its parent holding company or its subsidiaries, if any, nor shall an institution be the purchaser or holder of any such shares …
9-B M.R.S. § 465-A Loans to stockholders, directors or officers
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1. Authorization. A financial institution authorized to do business in this State may make loans to its principal stockholders, policy-making officers or directors, or to any related interest of those persons, subject to the limitations contained in this section. 2. Terms and cre…