Maine § 9-B §253 Criteria for decision-making

Maine Statutes

§ 9-B §253 — Criteria for decision-making

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 2 BUREAU OF FINANCIAL INSTITUTIONS·Ch. 25 ADMINISTRATIVE PROCEDURES

The superintendent shall take into account, but is not limited to, the criteria set forth in this section in considering applications filed pursuant to section 252.

1.Public convenience and advantage.

2.Basis for decision. In addition to the standards set forth in subsection 1, the superintendent shall consider the following factors in determining whether the standard of public convenience and advantage has been met:

3.Burden of proof. In all cases, the burden of proving that public convenience and advantage will be promoted, and that the proposed transaction contributes to the financial strength and success of the institution or institutions concerned, shall rest with the applicant.

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The superintendent shall take into account, but is not limited to, the criteria set forth in this section in considering applications filed pursuant to section 252.
1.
Public convenience and advantage.
2.
Basis for decision.
In addition to the standards set forth in subsection 1, the superintendent shall consider the following factors in determining whether the standard of public convenience and advantage has been met:
3.
Burden of proof.
In all cases, the burden of proving that public convenience and advantage will be promoted, and that the proposed transaction contributes to the financial strength and success of the institution or institutions concerned, shall rest with the applicant.

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