28- 248 C.M.R. ch. 101, § VI
Current through 2024-51, December 18, 2024
No chartered financial institution or any chartered financial institution owned together with one or more other chartered financial institutions by any parent entity authorized to do business in the State may receive more than $1 million of the total amount of State funds authorized by law for investment under 5 M.R.S.A. Section135 unless the Treasurer determines, in consideration of extraordinary financial need in a particular geographic area of the State related to difficulty in obtaining agricultural financing, that this limitation should be waived. In any event, the limitation on investments by financial institution shall be waived after April 1 of each year.
28- 248 C.M.R. ch. 101, § VI