Interstate operations of out-of-state foreign banks

  1. Law
  2. Maine Revised Statutes
  3. FINANCIAL INSTITUTIONS
  4. FOREIGN BANKS
  5. FOREIGN BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES
  6. Interstate operations of out-of-state foreign banks

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

1.  Establishment.  An out-of-state foreign bank may establish a branch or agency in this State in accordance with the procedures set forth in section 373, subsection 3. The establishment of that branch or agency may be de novo or through merger, acquisition or other consolidation.  

[PL 1997, c. 182, Pt. B, §3 (NEW).]

2.  Activities.  The activities of branches or agencies located in this State by out-of-state foreign banks are governed by the provisions of this chapter and section 376, subsection 2.  

[PL 1997, c. 182, Pt. B, §3 (NEW).]

SECTION HISTORY

PL 1997, c. 182, §B3 (NEW).


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