Maine § 9-B §1211 General purpose and authority

Maine Statutes

§ 9-B §1211 — General purpose and authority

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 12 SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS·Ch. 121 NONDEPOSITORY TRUST COMPANIES

A nondepository trust company is a financial institution organized under the provisions of this Title whose activities are generally limited to trust or fiduciary matters. Unless otherwise indicated in this chapter or to the extent inconsistent with this chapter or with the general purpose of a nondepository trust company, a nondepository trust company has all the powers, duties and obligations of a financial institution under this Title.

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A nondepository trust company is a financial institution organized under the provisions of this Title whose activities are generally limited to trust or fiduciary matters. Unless otherwise indicated in this chapter or to the extent inconsistent with this chapter or with the general purpose of a nondepository trust company, a nondepository trust company has all the powers, duties and obligations of a financial institution under this Title.

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