Section 029-132-III - DEFINITIONSFor purposes of this regulation, the following terms have the following meanings:
A. "Account holder" means any person holding a deposit account in a mutual savings bank and any member of a mutual savings and loan association.B. "Acquiree institution" means any mutual financial institution, other than a subsidiary savings institution, that is acquired by a mutual holding company as part of, and concurrently with, a mutual holding company reorganization.C. "Eligibility record date" means the record date for determining eligible account holders, which shall be at least one year prior to the vote on the plan of reorganization by the board of directors of the reorganizing institution and any acquiree institution.D. "Eligible account holder" means any person holding a qualifying deposit in the reorganizing institution and any acquiree institution on the eligibility record date.E. "Insider" means any officer or director of a reorganizing institution, acquiree institution or mutual holding company or any affiliate of such institution or company, and any person acting in concert with any such officer or director.F. "Member" has the same meaning as set forth in 9-B MRSA3252(A).G. "Mutual financial institution" has the same meaning as set forth in 9-B MRSA13127 ).H. "Person" has the same meaning as set forth in 9-B MRSA13130).I. "Qualifying deposit" means the aggregate of one or more deposit accounts in the reorganizing institution and any acquiree institution with an aggregate balance of $50 or more at the close of business on the eligibility record date.J. "Reorganizing institution" means a mutual financial institution that proposes to reorganize to become a mutual holding company pursuant to this regulation.K. "Stock" means common stock, or any other type of equity security, including (without limitation) warrants, options and rights to acquire common stock, or other securities that are convertible into common stock.L. "Subsidiary savings institution" has the same meaning as set forth in 9-B MRSA10523 ).M. "Voting account holder" means any account holder who is eligible to vote pursuant to 9-B MRSA3252(C) and 344.3.02-029 C.M.R. ch. 132, § III