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 Mutual institutions: insolvency; bylaws (REPEALED)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 Mutual institutions: insolvency; bylaws (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW).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 Additional authority in conservation and liquidation (REPEALED)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 Additional authority in conservation and liquidation (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW).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 §355. Acquisition of assets; assumption of liabilities
§355. Acquisition of assets; assumption of liabilities A financial institution organized under the laws of this State may acquire the assets of, or assume the liabilities of, any other financial institution authorized to do business in this State, in accordance with the procedures and subject to the conditions and limitations set forth in this section. […]
9-B §355-A. Authority for expedited acquisitions
§355-A. Authority for expedited acquisitions Notwithstanding any other provision of law, or any organizational document of any participating institution, the superintendent may order that the acquisition of assets and assumption of liabilities become effective immediately if the superintendent determines that the action is necessary for the protection of depositors or the public. This action may […]
9-B §356. Book value of assets (REPEALED)
§356. Book value of assets (REPEALED) SECTION HISTORY PL 1975, c. 500, §1 (NEW). PL 1997, c. 398, §G9 (RP).
9-B §357. Effect of merger, consolidation, conversion or acquisition
§357. Effect of merger, consolidation, conversion or acquisition From and after the effective date of a merger, consolidation, conversion or acquisition, the resulting institution may conduct business in accordance with the terms of the plan as approved; provided that: [PL 1975, c. 500, §1 (NEW).] 1. Continuing entity. Even though the charter of any […]