Maine § 9-B §861 Investments in general

Maine Statutes

§ 9-B §861 — Investments in general

Maine § 9-B §861

Title 9-BFINANCIAL INSTITUTIONS

Part 8CREDIT UNIONS

Ch. 86INVESTMENTS

This text of Maine § 9-B §861 (Investments in general) 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 §861 (2026).

Text

1.Applicable law. In addition to the loans a credit union is authorized to make pursuant to chapter 85, a credit union may invest its funds in accordance with the provisions of this chapter.

2.Director approval required. Investments pursuant to this chapter shall only be made with the approval of the board of directors or executive committee of the credit union.

3.Written investment policy. A credit union's board of directors shall establish a written investment policy, which must be reviewed and ratified at least annually, that addresses at a minimum the following:

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Applicable law.
In addition to the loans a credit union is authorized to make pursuant to chapter 85, a credit union may invest its funds in accordance with the provisions of this chapter.
2.
Director approval required.
Investments pursuant to this chapter shall only be made with the approval of the board of directors or executive committee of the credit union.
3.
Written investment policy.
A credit union's board of directors shall establish a written investment policy, which must be reviewed and ratified at least annually, that addresses at a minimum the following: