Maine Statutes
§ 9-B §413 — Borrowing
Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 4 POWERS AND DUTIES OF FINANCIAL INSTITUTIONS·Ch. 41 GENERAL POWERS
A financial institution may borrow money on such terms and conditions as it may determine, issue its notes, bonds and other obligations and secure any of its obligations by mortgage, pledge or other encumbrance of all or any part of its property.
1.Capital notes or debentures.
2.Mortgage-backed securities.
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Legislative History
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §19 (AMD). PL 1997, c. 22, §11 (AMD). PL 1997, c. 398, §§I4-6 (AMD).
Nearby Sections
15
§ 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