Maine Revised Statutes Title 9-B Sec. 441-A – General powers
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Terms Used In Maine Revised Statutes Title 9-B Sec. 441-A
- 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
- Superintendent: means the Superintendent of Financial Institutions. See Maine Revised Statutes Title 9-B Sec. 131
Unless otherwise prohibited or limited by this Title or rules adopted by the superintendent, a financial institution has and may exercise all powers necessary or convenient to effect the purposes for which the financial institution is organized or to further the businesses in which the financial institution is lawfully engaged. [PL 1997, c. 398, Pt. I, §28 (NEW).]
SECTION HISTORY
PL 1997, c. 398, §I28 (NEW).