Maine Statutes
§ 9-B §826 — Offices and satellite facilities
A credit union may establish, relocate, close and operate a branch or satellite facility in accordance with chapter 33, except that the limitation of section 337, subsection 2 does not apply. The limits of section 863 apply to credit union investment in real estate for office facilities. The establishment, relocation or closing of a branch or facility must meet the needs and convenience of the credit union's members.
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Legislative History
PL 1975, c. 500, §1 (NEW). PL 1975, c. 666, §28 (RPR). PL 1983, c. 373, §2 (AMD). PL 2003, c. 322, §17 (RPR).
Nearby Sections
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§ 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