9-B §372. Definitions
§372. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1995, c. 628, §20 (NEW).] 1. De novo branch. “De novo branch” means a branch of a financial institution, out-of-state financial institution, federal association or national bank, that is originally established by the financial […]
9-B §373. Interstate combinations, branch acquisitions and de novo establishments
§373. Interstate combinations, branch acquisitions and de novo establishments 1. Authority. Interstate combinations are expressly authorized subject to the provisions of this chapter. Interstate branch acquisition and establishment of de novo branches are expressly authorized subject to the provisions of this chapter; however, the law of jurisdiction of any out-of-state financial institution, federal association or […]
9-B §374. Authority for expedited transactions
§374. Authority for expedited transactions Notwithstanding any other provision of law, or any charter, certificate of organization, articles of association, articles of incorporation or bylaw of any participating institution, the superintendent may order that an interstate combination or branch acquisition pursuant to section 373, subsection 1 become effective immediately, if the superintendent determines that the […]
9-B §375. Applicable concentration limits
§375. Applicable concentration limits Any interstate combination or branch acquisition authorized pursuant to this chapter is subject to the deposit concentration limitations set forth in section 241, subsection 10. [PL 1995, c. 628, §20 (NEW).] SECTION HISTORY PL 1995, c. 628, §20 (NEW).
9-B §376. Activities of interstate branches
§376. Activities of interstate branches 1. Branches of financial institutions organized under the laws of this State. Pursuant to this chapter, a financial institution organized under the laws of this State that establishes and operates a branch in another state may conduct any activity at that branch that is permissible for a financial institution organized […]
9-B §377. Corporate filing requirements
§377. Corporate filing requirements 1. Applicability of Title 13-C. An out-of-state financial institution, federal association or national bank with a home state other than this State that seeks to establish and operate a branch in this State as the result of an interstate combination, branch acquisition or de novo establishment pursuant to this chapter shall […]
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).