9-B §1234. Cash reserves on deposits and accounts
§1234. Cash reserves on deposits and accounts An uninsured bank shall maintain reserves in accordance with section 422-A. The superintendent may establish by rule or order additional reserve requirements for uninsured banks. [PL 1997, c. 398, Pt. J, §2 (NEW).] SECTION HISTORY PL 1997, c. 398, §J2 (NEW).
9-B §1211. General purpose and authority
§1211. General purpose and authority A nondepository trust company is a financial institution organized under the provisions of this Title whose activities are generally limited to trust or fiduciary matters. Unless otherwise indicated in this chapter or to the extent inconsistent with this chapter or with the general purpose of a nondepository trust company, a […]
9-B §1212. Organization of nondepository trust companies
§1212. Organization of nondepository trust companies 1. Organization. A nondepository trust company must be organized pursuant to chapter 31. [PL 1997, c. 398, Pt. J, §2 (NEW).] 1-A. Principal office in State. Except for a nondepository trust company organized prior to the effective date of this subsection, a nondepository trust company shall locate its […]
9-B §1213. Capital
§1213. Capital A nondepository trust company must have initial paid-in capital in accordance with chapter 31 and shall maintain capital in accordance with section 412-A and any rules adopted under section 412-A, except the superintendent may establish different capital maintenance requirements for nondepository trust companies than those required for other financial institutions organized under this […]
9-B §1213-A. Asset pledge
§1213-A. Asset pledge 1. Pledge requirement. The superintendent may require a nondepository trust company to pledge readily marketable assets to the superintendent if the superintendent believes that circumstances warrant the action. The pledged assets must be United States dollar denominated, investment grade and subject to the prior written approval of the superintendent. The pledged assets […]