9-B §1011. Definitions
§1011. Definitions As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings. [PL 1977, c. 663, §57 (RPR).] 1. Financial institution holding company. “Financial institution holding company” means any company which has control over any financial institution or has control over any company which controls any financial […]
9-B §1012. Registration
§1012. Registration 1. Requirements. Any company that controls one or more Maine financial institutions shall register with the superintendent in accordance with procedures established by him. [PL 1975, c. 500, §1 (NEW).] 2. Time limitation. Unless the superintendent allows an additional time, registration must be completed within 180 days after October 1, 1975, or […]
9-B §1013. Acquisition of interests in financial institutions
§1013. Acquisition of interests in financial institutions 1. Superintendent’s approval. The prior approval of the superintendent is required for any of the following transactions: A. Acquisition of control of a Maine financial institution or any financial institution or financial institution holding company controlling, directly or indirectly, a Maine financial institution, by any person or […]
9-B §1014. Closely-related activities
§1014. Closely-related activities 1. Permissible activities. A Maine financial institution holding company may engage in any closely related activity or any other activity with the prior permission of the superintendent. [PL 1997, c. 398, Pt. K, §9 (AMD).] 2. Termination of nonpermissible activities. A financial institution holding company that is engaged in an activity […]
9-B §1015. Applications
§1015. Applications 1. Requirements. Except as provided in subsection 5, approval of the superintendent must be obtained for the following actions: A. Acquisition by a person or company of control of a Maine financial institution or any financial institution or financial institution holding company controlling, directly or indirectly, a Maine financial institution; [PL […]