9-B §1318. Deposit requirements; asset requirements
§1318. Deposit requirements; asset requirements 1. Deposit requirement. Upon the opening of a Maine branch or Maine agency and thereafter, a foreign bank shall keep on deposit, in accordance with rules the superintendent may prescribe, with a financial institution authorized to do business in the State, except for a foreign bank, United States dollar deposits […]
9-B §1319. Record keeping and reporting
§1319. Record keeping and reporting 1. General. A Maine branch, Maine agency or Maine representative office shall comply with applicable record-keeping and reporting requirements that apply to financial institutions organized under this Title and with any additional requirements that may be prescribed by the superintendent. A Maine branch, Maine agency, Maine representative office and the […]
9-B §1320. Disclosure of lack of deposit insurance
§1320. Disclosure of lack of deposit insurance Each foreign bank operating a Maine branch or Maine agency shall, in a manner established by the superintendent, give notice that deposits and credit balances in that branch or agency are not insured by the Federal Deposit Insurance Corporation. [PL 1997, c. 182, Pt. B, §3 (NEW).] […]
9-B §1321. Notice of changes in name and location
§1321. Notice of changes in name and location 1. Notice. A foreign bank maintaining a Maine branch, Maine agency or Maine representative office shall provide the superintendent with prior notice of the following events: A. A change in corporate name; [PL 1997, c. 182, Pt. B, §3 (NEW).] B. A change of mailing […]
9-B §1322. Change of control of foreign bank
§1322. Change of control of foreign bank A foreign bank that is licensed to establish and maintain a Maine branch, Maine agency or Maine representative office shall file with the superintendent a notice, in such form and containing such information as the superintendent may prescribe, no later than 14 calendar days after that foreign bank […]
9-B §1323. Voluntary closure of Maine branch, Maine agency or Maine representative office
§1323. Voluntary closure of Maine branch, Maine agency or Maine representative office 1. Maine branch or Maine agency. A foreign bank may voluntarily close a Maine branch or Maine agency in accordance with section 335, subsection 2. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. Maine representative office. A foreign bank may voluntarily […]
9-B §1324. Conversions
§1324. Conversions 1. Authority. A foreign bank may convert a Maine representative office to a Maine agency or Maine branch, or convert a Maine agency to a Maine representative office or a Maine branch, or convert a Maine branch to a Maine agency or Maine representative office with the prior approval of the superintendent. A […]
9-B §1325. Assessment, examination and enforcement
§1325. Assessment, examination and enforcement 1. Assessment. A foreign bank operating a Maine branch or a Maine agency shall pay assessments to the superintendent in accordance with section 214, subsection 2. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. Examination. The superintendent may examine each Maine branch, Maine agency or Maine representative office […]
9-B §1239. Holding companies of uninsured banks
§1239. Holding companies of uninsured banks If a holding company is not a financial institution holding company under chapter 101 by virtue of controlling a financial institution other than a merchant bank, a nondepository trust company or an uninsured bank, the superintendent may grant the holding company a waiver from the provisions of chapter 101; […]
9-B §1326. Involuntary termination of authority and receivership
§1326. Involuntary termination of authority and receivership 1. Involuntary termination of authority to operate Maine branch, Maine agency or Maine representative office. The involuntary termination of authority to operate a Maine branch, Maine agency or Maine representative office is governed by the following. A. Authority to operate a Maine branch, Maine agency or Maine […]