Title 9-B: FINANCIAL INSTITUTIONS

Part 9: INDUSTRIAL BANKS

Chapter 91: INDUSTRIAL BANKS

§912. Capital and management

1.  Stock: classes; par value.  The capital stock of an industrial bank shall have a par value $100 for each share, and only one class of such stock shall be created.  

[PL 1975, c. 500, §1 (NEW).]

2.  Management.  Except as otherwise provided in this chapter, the management and operations of an industrial bank must be conducted in accordance with the provisions of Title 13‑C.  

[RR 2001, c. 2, Pt. B, §17 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]

SECTION HISTORY

PL 1975, c. 500, §1 (NEW). RR 2001, c. 2, §B17 (COR). RR 2001, c. 2, §B58 (AFF).