Maine § 9-B §1314 Powers of Maine branches and agencies

Maine Statutes

§ 9-B §1314 — Powers of Maine branches and agencies

Maine § 9-B §1314

Title 9-BFINANCIAL INSTITUTIONS

Part 13FOREIGN BANKS

Ch. 131FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES

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Bluebook

Me. Rev. Stat. tit. 9-B, § 9-B §1314 (2026).

Text

1.General powers. Except as otherwise specifically provided in this chapter or in orders or rules adopted by the superintendent, and notwithstanding any other law or rule of this State to the contrary, operations of a foreign bank at a Maine branch or Maine agency must be conducted with the same rights, privileges and powers accorded a trust company at the same location and are subject to all the same duties, restrictions, penalties, liabilities, conditions and limitations that apply under the laws of this State to a trust company doing business at the same location.

2.Exceptions. The following are exceptions to the provisions of subsection 1.

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1.
General powers.
Except as otherwise specifically provided in this chapter or in orders or rules adopted by the superintendent, and notwithstanding any other law or rule of this State to the contrary, operations of a foreign bank at a Maine branch or Maine agency must be conducted with the same rights, privileges and powers accorded a trust company at the same location and are subject to all the same duties, restrictions, penalties, liabilities, conditions and limitations that apply under the laws of this State to a trust company doing business at the same location.
2.
Exceptions.
The following are exceptions to the provisions of subsection 1.