Maine § 9-B §1316 Trust activities

Maine Statutes

§ 9-B §1316 — Trust activities

Maine § 9-B §1316

Title 9-BFINANCIAL INSTITUTIONS

Part 13FOREIGN BANKS

Ch. 131FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES

This text of Maine § 9-B §1316 (Trust activities) 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 §1316 (2026).

Text

1.Authority. A foreign bank that has established a Maine branch or Maine agency in accordance with section 1312 may engage in trust activities at that Maine branch or Maine agency upon 30 days' prior notification to the superintendent.

2.Territorial application. All trust activities entered into between a foreign bank that has established a Maine branch or Maine agency and persons residing or domiciled in this State or that involve property located in this State are governed by the laws of this State.

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1.
Authority.
A foreign bank that has established a Maine branch or Maine agency in accordance with section 1312 may engage in trust activities at that Maine branch or Maine agency upon 30 days' prior notification to the superintendent.
2.
Territorial application.
All trust activities entered into between a foreign bank that has established a Maine branch or Maine agency and persons residing or domiciled in this State or that involve property located in this State are governed by the laws of this State.