Maine Statutes
§ 9-B §231 — Cease and desist orders
Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 2 BUREAU OF FINANCIAL INSTITUTIONS·Ch. 23 CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR
1.Authority.
The superintendent has the following authority over financial institutions, out-of-state financial institutions, financial institution holding companies and subsidiaries thereof.
2.Notice; hearing.
3.Temporary cease and desist order.
4.Power as additional.
The power and authority granted to the superintendent by this section shall be in addition to any enforcement or regulatory powers granted elsewhere in this Title.
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Legislative History
PL 1975, c. 500, §1 (NEW). PL 1979, c. 663, §31 (AMD). PL 1985, c. 328, §§3,4 (AMD). PL 1995, c. 628, §16 (AMD). PL 2005, c. 82, §§3,4 (AMD).
Nearby Sections
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§ 9 §10
Conduct of hearing§ 9 §1000
Increase of capital stock§ 9 §1001
Preferred stock§ 9 §1003
Branches§ 9 §1043
Qualifications of directors§ 9 §1044
Cash reserve§ 9 §1045
Surplus fund§ 9 §1046
Borrowing capacity