Maine § 9-B §1324 Conversions

Maine Statutes

§ 9-B §1324 — Conversions

Maine § 9-B §1324

Title 9-BFINANCIAL INSTITUTIONS

Part 13FOREIGN BANKS

Ch. 131FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES

This text of Maine § 9-B §1324 (Conversions) 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 §1324 (2026).

Text

1.Authority. A foreign bank may convert a Maine representative office to a Maine agency or Maine branch, or convert a Maine agency to a Maine representative office or a Maine branch, or convert a Maine branch to a Maine agency or Maine representative office with the prior approval of the superintendent. A foreign bank may also convert a federal branch or agency to a Maine branch or Maine agency.

2.Applications. Applications for prior approval of conversions must be processed in accordance with sections 252 and 253 or section 1315 as appropriate.

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1.
Authority.
A foreign bank may convert a Maine representative office to a Maine agency or Maine branch, or convert a Maine agency to a Maine representative office or a Maine branch, or convert a Maine branch to a Maine agency or Maine representative office with the prior approval of the superintendent. A foreign bank may also convert a federal branch or agency to a Maine branch or Maine agency.
2.
Applications.
Applications for prior approval of conversions must be processed in accordance with sections 252 and 253 or section 1315 as appropriate.