9-B §1311. Definitions
§1311. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1997, c. 182, Pt. B, §3 (NEW).] 1. Agency. “Agency” means any office or any place of business of a foreign bank located in any state of the United States at which credit balances […]
9-B §1327. Interstate operations of Maine foreign banks
§1327. Interstate operations of Maine foreign banks 1. Establishment. A Maine foreign bank may establish and operate a branch in another state in accordance with section 1312. The establishment of that branch may be de novo or through merger, acquisition or other consolidation. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. Activities. A […]
9-B §1312. Branches and agencies of foreign banks
§1312. Branches and agencies of foreign banks 1. Establishment. A foreign bank that is or will become a Maine foreign bank and engages directly in the banking business outside the United States may, with the prior approval of the superintendent, establish a branch or agency. The establishment of a branch or agency may be de […]
9-B §1328. Interstate operations of out-of-state foreign banks
§1328. Interstate operations of out-of-state foreign banks 1. Establishment. An out-of-state foreign bank may establish a branch or agency in this State in accordance with the procedures set forth in section 373, subsection 3. The establishment of that branch or agency may be de novo or through merger, acquisition or other consolidation. [PL 1997, […]
9-B §1313. Federal branches and agencies
§1313. Federal branches and agencies 1. Permissibility of federal branches and agencies. Nothing in this Title may be construed to prohibit the operation of a federal branch or a federal agency in this State. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. No concurrent maintenance of federal branches or agencies. No foreign bank […]
9-B §1329. Rule-making authority
§1329. Rule-making authority The superintendent may adopt rules to supplement the requirements of this chapter. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II‑A. [PL 1997, c. 182, Pt. B, §3 (NEW).] SECTION HISTORY PL 1997, c. 182, §B3 (NEW).
9-B §1314. Powers of Maine branches and agencies
§1314. Powers of Maine branches and agencies 1. General powers. Except as otherwise specifically provided in this chapter or in orders or rules adopted by the superintendent, and notwithstanding any other law or rule of this State to the contrary, operations of a foreign bank at a Maine branch or Maine agency must be conducted […]
9-B §1315. Representative offices
§1315. Representative offices 1. Notification required. A foreign bank may establish a representative office in this State with 30 days’ prior notice to the superintendent. A foreign bank may not establish a representative office in this State without the prior approval of the Board of Governors of the Federal Reserve System pursuant to Section 10 […]
9-B §1316. Trust activities
§1316. Trust activities 1. Authority. A foreign bank that has established a Maine branch or Maine agency in accordance with section 1312 may engage in trust activities at that Maine branch or Maine agency upon 30 days’ prior notification to the superintendent. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. Territorial application. All […]
9-B §1317. Service of process
§1317. Service of process A foreign bank having a Maine agency, Maine branch or Maine representative office shall maintain a registered office and is subject to service of process in the manner provided for in Title 13-C, chapter 15. [RR 2001, c. 2, Pt. B, §21 (COR); RR 2001, c. 2, Pt. B, §58 […]