Maine § 9-B §313-A Certificate to commence business

Maine Statutes

§ 9-B §313-A — Certificate to commence business

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 3 ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS·Ch. 31 ORGANIZATION AND MANAGEMENT OF INVESTOR-OWNED INSTITUTIONS

1.Requirements. A corporation, limited liability company, limited partnership or limited liability partnership that has received a certificate of public convenience and advantage to conduct business as a financial institution may not commence business until the superintendent certifies in writing that the required capital has actually been paid in and that all other terms and conditions contained in the certificate of public convenience and advantage have been satisfied.

2.Failure to commence business. The following provisions apply to an entity authorized to conduct business as a financial institution that fails to commence business.

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1.
Requirements.
A corporation, limited liability company, limited partnership or limited liability partnership that has received a certificate of public convenience and advantage to conduct business as a financial institution may not commence business until the superintendent certifies in writing that the required capital has actually been paid in and that all other terms and conditions contained in the certificate of public convenience and advantage have been satisfied.
2.
Failure to commence business.
The following provisions apply to an entity authorized to conduct business as a financial institution that fails to commence business.

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