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2011 Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS
Chapter 123: UNINSURED BANKS
9-B §1235. Lending limits

Universal Citation:
9-B ME Rev Stat § 1235 (2011 through 125th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Part 12: SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS

§1235. Lending limits

An uninsured bank's lending limit is governed by section 439-A or rules adopted under section 439-A, except that loans or extensions of credit to a person are limited to 15% of total capital. [1997, c. 398, Pt. J, §2 (NEW).]

SECTION HISTORY

1997, c. 398, §J2 (NEW).

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