9-B §1320. Disclosure of lack of deposit insurance
§1320. Disclosure of lack of deposit insurance Each foreign bank operating a Maine branch or Maine agency shall, in a manner established by the superintendent, give notice that deposits and credit balances in that branch or agency are not insured by the Federal Deposit Insurance Corporation. [PL 1997, c. 182, Pt. B, §3 (NEW).] […]
9-B §1321. Notice of changes in name and location
§1321. Notice of changes in name and location 1. Notice. A foreign bank maintaining a Maine branch, Maine agency or Maine representative office shall provide the superintendent with prior notice of the following events: A. A change in corporate name; [PL 1997, c. 182, Pt. B, §3 (NEW).] B. A change of mailing […]
9-B §1322. Change of control of foreign bank
§1322. Change of control of foreign bank A foreign bank that is licensed to establish and maintain a Maine branch, Maine agency or Maine representative office shall file with the superintendent a notice, in such form and containing such information as the superintendent may prescribe, no later than 14 calendar days after that foreign bank […]
9-B §1323. Voluntary closure of Maine branch, Maine agency or Maine representative office
§1323. Voluntary closure of Maine branch, Maine agency or Maine representative office 1. Maine branch or Maine agency. A foreign bank may voluntarily close a Maine branch or Maine agency in accordance with section 335, subsection 2. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. Maine representative office. A foreign bank may voluntarily […]
9-B §1324. Conversions
§1324. Conversions 1. Authority. A foreign bank may convert a Maine representative office to a Maine agency or Maine branch, or convert a Maine agency to a Maine representative office or a Maine branch, or convert a Maine branch to a Maine agency or Maine representative office with the prior approval of the superintendent. A […]
9-B §1325. Assessment, examination and enforcement
§1325. Assessment, examination and enforcement 1. Assessment. A foreign bank operating a Maine branch or a Maine agency shall pay assessments to the superintendent in accordance with section 214, subsection 2. [PL 1997, c. 182, Pt. B, §3 (NEW).] 2. Examination. The superintendent may examine each Maine branch, Maine agency or Maine representative office […]
9-B §1326. Involuntary termination of authority and receivership
§1326. Involuntary termination of authority and receivership 1. Involuntary termination of authority to operate Maine branch, Maine agency or Maine representative office. The involuntary termination of authority to operate a Maine branch, Maine agency or Maine representative office is governed by the following. A. Authority to operate a Maine branch, Maine agency or Maine […]
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 […]