Maine § 9-B §1328 Interstate operations of out-of-state foreign banks

Maine Statutes

§ 9-B §1328 — Interstate operations of out-of-state foreign banks

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

1.Establishment. An out-of-state foreign bank may establish a branch or agency in this State in accordance with the procedures set forth in section 373, subsection 3. The establishment of that branch or agency may be de novo or through merger, acquisition or other consolidation.

2.Activities. The activities of branches or agencies located in this State by out-of-state foreign banks are governed by the provisions of this chapter and section 376, subsection 2.

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1.
Establishment.
An out-of-state foreign bank may establish a branch or agency in this State in accordance with the procedures set forth in section 373, subsection 3. The establishment of that branch or agency may be de novo or through merger, acquisition or other consolidation.
2.
Activities.
The activities of branches or agencies located in this State by out-of-state foreign banks are governed by the provisions of this chapter and section 376, subsection 2.

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