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9-B §1327. Interstate operations of Maine foreign banks

9-B ME Rev Stat § 1327 (2019) (N/A)
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§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.

[PL 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.

[PL 1997, c. 182, Pt. B, §3 (NEW).]

SECTION HISTORY

PL 1997, c. 182, §B3 (NEW).

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9-B §1328. Interstate operations of out-of-state foreign banks