Maine § 9-B §917 Superintendent's authority

Maine Statutes

§ 9-B §917 — Superintendent's authority

Maine § 9-B §917

Title 9-BFINANCIAL INSTITUTIONS

Part 9INDUSTRIAL BANKS

This text of Maine § 9-B §917 (Superintendent's authority) 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 §917 (2026).

Text

1.Supervision and examination. An industrial bank authorized to conduct business in this State shall be subject to the provisions of Part 2.

2.Interest rate ceilings. The superintendent shall have the power and authority to establish rate ceilings which shall govern the interest paid by an industrial bank on certificates of investment and other deposit accounts offered by such company. Regulations promulgated by the superintendent establishing such ceilings shall seek to maintain competitive equality among all financial institutions in this State.

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1.
Supervision and examination.
An industrial bank authorized to conduct business in this State shall be subject to the provisions of Part 2.
2.
Interest rate ceilings.
The superintendent shall have the power and authority to establish rate ceilings which shall govern the interest paid by an industrial bank on certificates of investment and other deposit accounts offered by such company. Regulations promulgated by the superintendent establishing such ceilings shall seek to maintain competitive equality among all financial institutions in this State.