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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS
Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES
9-B §1327. Interstate operations of Maine foreign banks
Universal Citation:
9-B ME Rev Stat § 1327 (2011 through 125th Legis)
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Part 13: FOREIGN BANKS
§1327. Interstate operations of Maine foreign banks
1. Establishment. A Maine foreign bank may establish and operate a branch in another state in accordance with section 1312. The establishment of that branch may be de novo or through merger, acquisition or other consolidation.
[ 1997, c. 182, Pt. B, §3 (NEW) .]
2. Activities. A Maine foreign bank may conduct any activity at that branch that is permissible for a foreign bank in that host state, as defined in section 131, subsection 20-B.
[ 1997, c. 182, Pt. B, §3 (NEW) .]
SECTION HISTORY
1997, c. 182, §B3 (NEW).
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