US Lawyer Database

9-B §316-A. Governing body

§316-A. Governing body Except as provided in this section, the management and operations of a financial institution organized under this chapter are governed by Title 13‑C; Title 31, chapter 19; Title 31, chapter 21; or Title 31, chapter 15, as appropriate, depending upon the organizational form of the financial institution operating under this chapter. The […]

9-B §317. Officers and employees (REPEALED)

§317. Officers and employees (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1979, c. 170, §1 (AMD). PL 1979, c. 429, §6 (AMD). PL 1979, c. 663, §37 (AMD). PL 1981, c. 501, §30 (AMD). PL 1993, c. 257, §2 (AMD). PL 1997, c. 398, §C16 (RP).

9-B §317-A. Officers

§317-A. Officers Except as provided in this section, the powers and duties of officers of a financial institution organized under this chapter are governed by Title 13‑C; Title 31, chapter 19; Title 31, chapter 21; or Title 31, chapter 15, as appropriate, depending upon the organizational form of the financial institution operating under this chapter. […]

9-B §318. Dividends, distributions and withdrawals

§318. Dividends, distributions and withdrawals 1.  Limitation.  A financial institution organized pursuant to this chapter may not authorize dividends, distributions or withdrawals that reduce capital below the higher of the amount required under the certificate of public convenience and advantage or section 412-A without the prior approval of the superintendent.   [PL 1997, c. 398, […]