Maine Statutes
§ 9-B §417 — Equity interest in Maine financial institutions
Maine § 9-B §417
JurisdictionMaine
Title 9-BFINANCIAL INSTITUTIONS
Part 4POWERS AND DUTIES OF FINANCIAL INSTITUTIONS
Ch. 41GENERAL POWERS
This text of Maine § 9-B §417 (Equity interest in Maine financial institutions) 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 §417 (2026).
Text
A financial institution authorized to do business in this State may acquire more than 5% of the equity interest of any other financial institution authorized to do business in this State or of a Maine financial institution holding company with the prior approval of the superintendent.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
PL 1983, c. 55, §1 (NEW). PL 1983, c. 597, §1 (AMD). PL 1997, c. 398, §I9 (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 §417, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/9-B%20%C2%A7417.