Terms Used In Maine Revised Statutes Title 32 Sec. 6160

  • Cash-dispensing machine: means an electronic device that, operating in conjunction with a processor and network, allows a customer to debit an account in exchange for dispensing cash and that may allow a customer to effectuate account transfers subject to the limitations of section 6152. See Maine Revised Statutes Title 32 Sec. 6151
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Financial institution: means any financial institution as defined in Title 9?B, section 131, subsection 17; any credit union as defined in Title 9?B, section 131, subsection 12; or any bank, commercial bank, savings bank, trust company, building and loan association, savings and loan association, savings association, cooperative bank, credit union or similar banking or credit union organization chartered by any other state or by the Federal Government. See Maine Revised Statutes Title 32 Sec. 6151
This subchapter does not apply to any cash-dispensing machine established by a financial institution or service corporation. [PL 1999, c. 229, §2 (NEW).]
SECTION HISTORY

PL 1999, c. 229, §2 (NEW).