02-029-127 Me. Code R. § 1
Current through 2024-51, December 18, 2024
9-B M.R.S.A.. 412-A requires every financial institution to establish and maintain an adequate level of capital as set forth in rules adopted by the superintendent. The rules must address the composition of capital, minimum capital levels that must be maintained, and procedures that must be followed to restore capital if it falls below minimum standards. The purpose of this regulation is to satisfy the above requirements.
02-029 C.M.R. ch. 127, § 1