02-029-132 Me. Code R. § I

Current through 2024-51, December 18, 2024
Section 029-132-I - AUTHORITY

Title 9-B MRSA Section111 declares that it is a policy of the state to supervise financial institutions in a manner to assure their strength, stability, and efficiency and encourage development and expansion of financial services advantageous to the public welfare.

Title 9-B MRSA Section416 gives the Superintendent the authority to allow, by regulation, a financial institution to engage in any activity which has been authorized under federal law for financial institutions chartered or otherwise subject to the jurisdiction of the federal government.

Title 9-B MRSA Section1055 gives the Superintendent authority to adopt rules to ensure that the reorganization of a mutual financial institution is conducted in a fair and equitable manner.

02-029 C.M.R. ch. 132, § I