Section 029-134-III - DEFINITIONS For purposes of this regulation, the following terms have the following meanings:
A. "Affiliated credit union" means a credit union that has invested, either directly or indirectly through an intermediary, in a service corporation.B. "Credit union" means a credit union as defined in 9-B M.R.S.§131(12) or a credit union organized under the laws of the United States or another state.C. "Invest" means any advance of funds, including the purchase of securities and the making of a loan, except a payment for rent earned, goods sold and delivered, or services rendered prior to the making of such payment.D. "Net worth" has the same meaning as set forth in 9-B M.R.S.§831(3).E. "Organize a service corporation" means to make the initial investment in a service corporation.F. "Service corporation" has the same meaning as set forth in 9-B M.R.S.§131(37).G. "State credit union service corporation" means a service corporation in which a state-chartered credit union has invested.H. "State-chartered credit union" means a credit union as defined in 9-B M.R.S.§131(12).02-029 C.M.R. ch. 134, § III