Maine Statutes
§ 9-B §413 — Borrowing
Maine § 9-B §413
JurisdictionMaine
Title 9-BFINANCIAL INSTITUTIONS
Part 4POWERS AND DUTIES OF FINANCIAL INSTITUTIONS
Ch. 41GENERAL POWERS
This text of Maine § 9-B §413 (Borrowing) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 9-B, § 9-B §413 (2026).
Text
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 capacityCite This Page — Counsel Stack
Bluebook (online)
Maine § 9-B §413, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/9-B%20%C2%A7413.