Maine § 9-B §816 Out-of-state credit unions

Maine Statutes

§ 9-B §816 — Out-of-state credit unions

Maine·Title 9-B FINANCIAL INSTITUTIONS·Part 8 CREDIT UNIONS·Ch. 81 ORGANIZATION AND FORMATION

1.Approval and findings of superintendent. A credit union organized in another state may establish a branch office as a credit union in this State with the approval of the superintendent. The superintendent shall find that the out-of-state credit union:

2.Conditions. The out-of-state credit union shall agree to:

3.Other actions. The superintendent may take such reasonable steps as are necessary to insure that the supervisory authority of the state in which the credit union is organized adequately examines and otherwise regulates the credit union. The superintendent may request the other state supervising authority to disclose the findings of any such examination.

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1.
Approval and findings of superintendent.
A credit union organized in another state may establish a branch office as a credit union in this State with the approval of the superintendent. The superintendent shall find that the out-of-state credit union:
2.
Conditions.
The out-of-state credit union shall agree to:
3.
Other actions.
The superintendent may take such reasonable steps as are necessary to insure that the supervisory authority of the state in which the credit union is organized adequately examines and otherwise regulates the credit union. The superintendent may request the other state supervising authority to disclose the findings of any such examination.

Maine § 9-B §816 (Out-of-state credit unions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.