Maine § 9-B §334 Satellite facilities

Maine Statutes

§ 9-B §334 — Satellite facilities

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 3 ORGANIZATION AND STRUCTURE OF FINANCIAL INSTITUTIONS·Ch. 33 BRANCHES

1.Superintendent's approval. A financial institution or a service corporation wholly owned by one or more financial institutions may establish, relocate or close a satellite or off-premise facility, as defined in section 131, without the prior approval of or notification to the superintendent.

2.Manned or unmanned facility permitted.

3.Ownership.

4.Use of established facilities by additional institutions. A satellite facility owned or operated by a financial institution must be made available for use by other financial institutions authorized to do business in this State, unless the satellite facility is located on the institution's premises. All financial institutions using the satellite facility must have equal access to the satellite facility, except that a financial institution own

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1.
Superintendent's approval.
A financial institution or a service corporation wholly owned by one or more financial institutions may establish, relocate or close a satellite or off-premise facility, as defined in section 131, without the prior approval of or notification to the superintendent.
2.
Manned or unmanned facility permitted.
3.
Ownership.
4.
Use of established facilities by additional institutions.
A satellite facility owned or operated by a financial institution must be made available for use by other financial institutions authorized to do business in this State, unless the satellite facility is located on the institution's premises. All financial institutions using the satellite facility must have equal access to the satellite facility, except that a financial institution owning an off-premise facility may restrict the acceptance of deposits at the off-premise facility to its customers only or to customers of financial institutions with which it has an agency agreement pursuant to section 418. For the purposes of this subsection, an off-premise facility is a satellite facility that is not located physically on the premises of a main office or branch or one that is not an extension of or ancillary to an existing main office or branch. When a satellite facility is shared, the identification and promotion of that satellite facility must include the name or logo of the network system and may include the name of the sponsoring financial institution.
5.
Location of facilities on premises.
Nothing may preclude a financial institution from locating an electronic terminal or satellite facility on the premises of its main office or of a branch office for its customers' convenience. At the discretion of that financial institution, customers of other financial institutions may have access to those on-premise facilities.
6.
Notification required.

Maine § 9-B §334 (Satellite facilities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1975, c. 500, §1 (NEW). PL 1981, c. 352, §§3,4 (AMD). PL 1983, c. 614, §1 (AMD). PL 1985, c. 647, §4 (AMD). PL 1991, c. 386, §§1-4 (AMD). PL 1993, c. 139, §1 (AMD). PL 1997, c. 22, §§2-5 (AMD). PL 1997, c. 398, §E3 (AMD).