Maine § 9-B §1327 Interstate operations of Maine foreign banks

Maine Statutes

§ 9-B §1327 — Interstate operations of Maine foreign banks

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 13 FOREIGN BANKS·Ch. 131 FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES

1.Establishment. A Maine foreign bank may establish and operate a branch in another state in accordance with section 1312. The establishment of that branch may be de novo or through merger, acquisition or other consolidation.

2.Activities. A Maine foreign bank may conduct any activity at that branch that is permissible for a foreign bank in that host state, as defined in section 131, subsection 20‑B.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Establishment.
A Maine foreign bank may establish and operate a branch in another state in accordance with section 1312. The establishment of that branch may be de novo or through merger, acquisition or other consolidation.
2.
Activities.
A Maine foreign bank may conduct any activity at that branch that is permissible for a foreign bank in that host state, as defined in section 131, subsection 20‑B.

Maine § 9-B §1327 (Interstate operations of Maine foreign banks) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.