9-B §1019. Prohibitions
§1019. Prohibitions 1. Prohibited practices. To the extent provided for therein, financial institution holding companies subject to the laws of this State shall be subject to chapters 24 and 46. [PL 1975, c. 500, §1 (NEW).] 2. Penalties. Any person or company violating any provision of this chapter, or any regulation promulgated thereunder, is […]
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 […]