Maine Revised Statutes Title 9-B Sec. 223 – Publication and posting of reports
Current as of: 2023 | Check for updates
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1. Condition and income reports.
[PL 1995, c. 24, §3 (RP).]
Terms Used In Maine Revised Statutes Title 9-B Sec. 223
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
- Financial institution: means a universal bank or limited purpose bank organized under the provisions of this Title, and a trust company, nondepository trust company, savings bank, industrial bank or savings and loan association organized under the prior laws of this State. See Maine Revised Statutes Title 9-B Sec. 131
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Reports posted in offices. Every limited purpose bank shall make available in all of its offices at least 10 days, but not more than 30 days, prior to the annual meeting of its stockholders, corporators, members or other holders of equity interests, its latest condition report or a condition report for its most recently completed fiscal year, and a report of income for the institution’s most recently completed fiscal year. In addition to making available its latest condition report or condition report for its most recently completed fiscal year, a limited purpose bank shall make available a report of its fiduciary assets and income. Every federally insured financial institution shall post a notice in its main office that the financial institution’s latest condition and income reports are available to the public upon request.
[PL 2023, c. 30, §3 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §6 (AMD). PL 1979, c. 429, §3 (AMD). PL 1995, c. 24, §3 (AMD). PL 2009, c. 228, §3 (AMD). PL 2023, c. 30, §3 (AMD).