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2011 Maine Revised Statutes
TITLE 9-B: FINANCIAL INSTITUTIONS
Chapter 41: GENERAL POWERS
9-B §413. Borrowing


9-B ME Rev Stat § 413 (2011 through 125th Legis) What's This?

Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS

§413. Borrowing

A financial institution may borrow money on such terms and conditions as it may determine, issue its notes, bonds and other obligations and secure any of its obligations by mortgage, pledge or other encumbrance of all or any part of its property. [1997, c. 398, Pt. I, §4 (AMD).]

1. Capital notes or debentures.

[ 1997, c. 398, Pt. I, §5 (RP) .]

2. Mortgage-backed securities.

[ 1997, c. 398, Pt. I, §6 (RP) .]

SECTION HISTORY

1975, c. 500, §1 (NEW). 1975, c. 666, §19 (AMD). 1997, c. 22, §11 (AMD). 1997, c. 398, §§I4-6 (AMD).

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