Title 9-B: FINANCIAL INSTITUTIONS

Part 13: FOREIGN BANKS

Chapter 131: FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES

§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).