Maine Revised Statutes Title 9-B Sec. 375 – Applicable concentration limits
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Terms Used In Maine Revised Statutes Title 9-B Sec. 375
- Branch: means any office of a financial institution, including a credit union, where the business of banking is conducted other than the institution's main office. See Maine Revised Statutes Title 9-B Sec. 131
- Interstate combination: means the merger, acquisition or consolidation of financial institutions, out-of-state financial institutions, federal associations or national banks, that have different home states when the branches of the acquired financial institution, out-of-state financial institution, federal association, or national bank become branches of the resulting financial institution, out-of-state financial institution, federal association or national bank. See Maine Revised Statutes Title 9-B Sec. 372
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).