Maine § 9-B §1225 Insider loans and investments

Maine Statutes

§ 9-B §1225 — Insider loans and investments

Maine § 9-B §1225

Title 9-BFINANCIAL INSTITUTIONS

Part 12SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS

Ch. 122MERCHANT BANKS

This text of Maine § 9-B §1225 (Insider loans and investments) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 9-B, § 9-B §1225 (2026).

Text

The terms of any loans by a merchant bank to or investments by a merchant bank in any of the following must be disclosed to the governing body of the merchant bank:

1.Percentage of common stock. A person who owns 25% or more of the merchant bank's common stock or similar equity capital;

2.Member of governing body. A member of the governing body of the merchant bank;

3.Policy-making officer or manager. A policy-making officer or manager of the merchant bank; or

4.Percentage of voting shares owned by certain person or entity. A company 25% of the voting shares or other similar voting equity of which is owned by a person or entity listed in subsections 1 to 3.

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The terms of any loans by a merchant bank to or investments by a merchant bank in any of the following must be disclosed to the governing body of the merchant bank:
1.
Percentage of common stock.
A person who owns 25% or more of the merchant bank's common stock or similar equity capital;
2.
Member of governing body.
A member of the governing body of the merchant bank;
3.
Policy-making officer or manager.
A policy-making officer or manager of the merchant bank; or
4.
Percentage of voting shares owned by certain person or entity.
A company 25% of the voting shares or other similar voting equity of which is owned by a person or entity listed in subsections 1 to 3.