9-B §378. Effective date
§378. Effective date This chapter takes effect January 1, 1997. [PL 1995, c. 628, §20 (NEW).] SECTION HISTORY PL 1995, c. 628, §20 (NEW).
9-B §364. Voluntary liquidation
§364. Voluntary liquidation 1. Application to court. Whenever, in the opinion of the superintendent and a majority of the governing body of any financial institution or in the opinion of 3/4 of its depositors, members or investors or more if required by the institution’s organizational documents, it is inexpedient for any reason for the institution […]
9-B §365. Insolvency liquidation
§365. Insolvency liquidation 1. Injunction against insolvent institution. [PL 1991, c. 34, §5 (RP).] 1-A. Appointment of receiver. If, upon examination of a financial institution, the superintendent is of the opinion that it is insolvent or that its condition renders its further proceedings hazardous to the public or to those having funds including trust assets […]
9-B §366. Mutual institutions: insolvency; bylaws (REPEALED)
§366. Mutual institutions: insolvency; bylaws (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1991, c. 34, §6 (RP).
9-B §367. Additional authority in conservation and liquidation (REPEALED)
§367. Additional authority in conservation and liquidation (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1975, c. 771, §111 (AMD). PL 1991, c. 34, §7 (RP).
9-B §367-A. Additional authority in conservation and liquidation
§367-A. Additional authority in conservation and liquidation 1. Attachments and preferences. The superintendent or a conservator or receiver may bring an action: A. To dissolve all attachments on the property of a financial institution made within 4 months before the appointment made under section 363‑A or 365; [PL 2005, c. 83, §10 (NEW).] […]
9-B §368. Additional authority in liquidation
§368. Additional authority in liquidation 1. Rulemaking. The superintendent may adopt rules to carry out 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. 398, Pt. H, §6 (AMD).] 2. Expenses. All expenses of the superintendent or the superintendent’s […]
9-B §368-A. FDIC; acquisition of stock
§368-A. FDIC; acquisition of stock The superintendent may waive the provisions of section 1013 and section 1015 when an equity interest is issued to or acquired by the FDIC in settlement of any liability, fixed or contingent, of a financial institution to the FDIC or in connection with the insolvency or liquidation of the financial […]
9-B §369. Judicial review
§369. Judicial review 1. Action by financial institution. A financial institution closed by action of the superintendent pursuant to this chapter may bring an action challenging the superintendent’s appointment of a receiver in the Superior Court of Kennebec County within 10 days after the superintendent appoints a receiver. The court must uphold the superintendent’s […]
9-B §371. Applicability of chapter; fees
§371. Applicability of chapter; fees 1. Applicability. The provisions of this chapter govern de novo establishment of interstate branches, interstate combinations and interstate branch acquisitions undertaken by a financial institution, out-of-state financial institution, federal association or national bank. [PL 1995, c. 628, §20 (NEW).] 2. Fees. An application or notice required under this chapter […]