Maine § 9-B §1312 Branches and agencies of foreign banks

Maine Statutes

§ 9-B §1312 — Branches and agencies of foreign banks

Maine § 9-B §1312

Title 9-BFINANCIAL INSTITUTIONS

Part 13FOREIGN BANKS

Ch. 131FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES

This text of Maine § 9-B §1312 (Branches and agencies of foreign banks) 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 §1312 (2026).

Text

1.Establishment. A foreign bank that is or will become a Maine foreign bank and engages directly in the banking business outside the United States may, with the prior approval of the superintendent, establish a branch or agency. The establishment of a branch or agency may be de novo or through merger or acquisition.

2.Criteria for approval. Applications for approvals required in subsection 1 must be filed pursuant to procedures established by the superintendent. Action on those applications must be taken in accordance with the requirements of section 252 and is subject to the standards set forth in section 253. Those applications are subject to the following additional criteria:

3.Application fee. An application for approval required in subsection 1 may not be considered complete by the

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1.
Establishment.
A foreign bank that is or will become a Maine foreign bank and engages directly in the banking business outside the United States may, with the prior approval of the superintendent, establish a branch or agency. The establishment of a branch or agency may be de novo or through merger or acquisition.
2.
Criteria for approval.
Applications for approvals required in subsection 1 must be filed pursuant to procedures established by the superintendent. Action on those applications must be taken in accordance with the requirements of section 252 and is subject to the standards set forth in section 253. Those applications are subject to the following additional criteria:
3.
Application fee.
An application for approval required in subsection 1 may not be considered complete by the superintendent unless accompanied by an application fee to be credited and used as provided in section 214. The superintendent shall establish the amount of the fee, which may not exceed $7,500.