Maine § 9-B §845 Credit committee

Maine Statutes

§ 9-B §845 — Credit committee

Maine § 9-B §845

Title 9-BFINANCIAL INSTITUTIONS

Part 8CREDIT UNIONS

Ch. 84MANAGEMENT AND OPERATIONS

This text of Maine § 9-B §845 (Credit committee) 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 §845 (2026).

Text

1.Powers and duties. If a credit committee is appointed pursuant to section 842, subsection 2, the credit committee shall:

2.Loan officers.

3.Personal loans. No personal loan, other than those approved by loan officers, shall be made unless a majority of the members of the credit committee who are present at a meeting when the loan application is considered vote to approve said loan. A quorum of the credit committee at such meeting shall be at least 2/3 of the members of the committee.

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1.
Powers and duties.
If a credit committee is appointed pursuant to section 842, subsection 2, the credit committee shall:
2.
Loan officers.
3.
Personal loans.
No personal loan, other than those approved by loan officers, shall be made unless a majority of the members of the credit committee who are present at a meeting when the loan application is considered vote to approve said loan. A quorum of the credit committee at such meeting shall be at least 2/3 of the members of the committee.