Maine Statutes
§ 9-B §1235 — Lending limits
Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 12 SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS·Ch. 123 UNINSURED BANKS
An uninsured bank's lending limit is governed by section 439-A or rules adopted under section 439-A, except that loans or extensions of credit to a person are limited to 15% of total capital.
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Legislative History
PL 1997, c. 398, §J2 (NEW).
Nearby Sections
15
§ 9 §10
Conduct of hearing§ 9 §1000
Increase of capital stock§ 9 §1001
Preferred stock§ 9 §1003
Branches§ 9 §1043
Qualifications of directors§ 9 §1044
Cash reserve§ 9 §1045
Surplus fund§ 9 §1046
Borrowing capacity