§1019. Prohibitions
1.
Prohibited practices.
To the extent provided for therein, financial institution holding companies subject to the laws of this State shall be subject to chapters 24 and 46.
[PL 1975, c. 500, §1 (NEW).]
2.
Penalties.
Any person or company violating any provision of this chapter, or any regulation promulgated thereunder, is subject to a penalty of not more than $1,000 per day for each day the violation continues, to be recovered in a civil action in the name of the State.
Any company or Maine financial institution violating section 1013, subsection 3, or any regulation promulgated under that section, is subject to a penalty of not more than $1,000 a day for each day the violation continues. The superintendent shall report the violation forthwith, with such remarks as the superintendent determines appropriate, to the Attorney General, who may forthwith institute a civil action therefor on behalf of the State.
[PL 1997, c. 182, Pt. A, §14 (AMD).]
3.
Remedy for violation of section 1013.
A Maine financial institution or any financial institution holding company which violates section 1013 shall be subject to the provisions of chapters 23 and 24.
[PL 1983, c. 302, §7 (AMD).]
SECTION HISTORY
PL 1975, c. 500, §1 (NEW). PL 1983, c. 302, §§6,7 (AMD). PL 1985, c. 642, §9 (AMD). PL 1997, c. 182, §A14 (AMD).