Maine § 9-B §836 Insurance of shares

Maine Statutes

§ 9-B §836 — Insurance of shares

Maine § 9-B §836

Title 9-BFINANCIAL INSTITUTIONS

Part 8CREDIT UNIONS

Ch. 83FINANCIAL MANAGEMENT

This text of Maine § 9-B §836 (Insurance of shares) 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 §836 (2026).

Text

1.Requirement. Every credit union authorized to do business in this State shall insure shares with the National Credit Union Administration or the successor to such federal agency.

2.Transition period.

3.Failure to obtain insurance.

4.Applicable law. A credit union insured pursuant to subsection 1 shall have the power and duty to comply with all statutes and regulations governing insurance of shares by the National Credit Union Administration; provided that nothing contained in this section shall be construed as repealing, modifying or impairing any powers, duties, rights or responsibilities of the superintendent, or of the credit union so insured, under the provisions of this Title.

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1.
Requirement.
Every credit union authorized to do business in this State shall insure shares with the National Credit Union Administration or the successor to such federal agency.
2.
Transition period.
3.
Failure to obtain insurance.
4.
Applicable law.
A credit union insured pursuant to subsection 1 shall have the power and duty to comply with all statutes and regulations governing insurance of shares by the National Credit Union Administration; provided that nothing contained in this section shall be construed as repealing, modifying or impairing any powers, duties, rights or responsibilities of the superintendent, or of the credit union so insured, under the provisions of this Title.