9-B §1055. Rules
§1055. Rules The superintendent shall adopt such rules as necessary to effectuate the purposes of this chapter and to ensure that the reorganization of a mutual financial institution is conducted in a fair and equitable manner to ensure the safety and soundness of the subsidiary universal bank and the protection of the subsidiary universal bank’s […]
9-B §1056. Reports and examinations
§1056. Reports and examinations All mutual financial institution holding companies shall be subject to section 1016. [PL 1985, c. 558 (NEW).] SECTION HISTORY PL 1985, c. 558 (NEW).
9-B §1101. Organization and structure of merchant banks (REPEALED)
§1101. Organization and structure of merchant banks (REPEALED) SECTION HISTORY PL 1997, c. 66, §6 (NEW). PL 1997, c. 398, §J1 (RP).
9-B §1102. Business of merchant banks; powers; limitations (REPEALED)
§1102. Business of merchant banks; powers; limitations (REPEALED) SECTION HISTORY PL 1997, c. 66, §6 (NEW). PL 1997, c. 398, §J1 (RP).
9-B §1019-A. Notification of superintendent; purchase of own shares
§1019-A. Notification of superintendent; purchase of own shares A Maine financial institution holding company shall provide the superintendent with prior notification regarding the following transactions: [PL 1991, c. 386, §27 (AMD).] 1. Issuance of stock, capital notes or debentures. The issuance of equity interest, capital notes or debentures with an original maturity of 3 […]
9-B §1020. Annual reports to the Legislature (REPEALED)
§1020. Annual reports to the Legislature (REPEALED) SECTION HISTORY PL 1983, c. 597, §5 (NEW). PL 1983, c. 816, §B3 (RP).
9-B §1021. Definition
§1021. Definition As used in this chapter, the term “mutual trust investment company” means a corporation which is an investment company as defined by an Act of Congress entitled “Investment Company Act of 1940”, as amended; and incorporated in compliance with this chapter to constitute a medium for the common investment of trust funds held […]
9-B §1022. Authority to incorporate
§1022. Authority to incorporate Any 5 or more state banks with trust powers, trust companies and national banks with trust powers located in this State are authorized to cause a mutual trust investment company to be organized and incorporated, subject to the approval of the superintendent and subject to such regulations as he may prescribe. […]
9-B §1023. Application of general corporation law; articles of incorporation
§1023. Application of general corporation law; articles of incorporation 1. Subject to Title 13-C. Except as otherwise provided in this chapter, such a mutual trust investment company must be incorporated under and is subject to Title 13‑C. [RR 2001, c. 2, Pt. B, §19 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).] 2. […]
9-B §1024. Corporate powers; stock ownership
§1024. Corporate powers; stock ownership 1. Ownership. The stock of a mutual trust investment company shall be owned only by State banks with trust powers, trust companies and national banks with trust powers located in this State, acting as fiduciaries, and their individual cofiduciaries, if any, but may be registered in the name of their […]