Maine Revised Statutes Title 9-B Sec. 1213 – Capital
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maine Revised Statutes Title 9-B Sec. 1213
- capital: means the sum of common stock, paid-in common stock surplus, perpetual preferred stock, undivided profits and other capital reserves; [PL 1997, c. See Maine Revised Statutes Title 9-B Sec. 131
- Nondepository trust company: means any financial institution organized under chapter 121 with powers generally limited to trust or fiduciary matters. See Maine Revised Statutes Title 9-B Sec. 131
- Superintendent: means the Superintendent of Financial Institutions. See Maine Revised Statutes Title 9-B Sec. 131
A nondepository trust company must have initial paid-in capital in accordance with chapter 31 and shall maintain capital in accordance with section 412-A and any rules adopted under section 412-A, except the superintendent may establish different capital maintenance requirements for nondepository trust companies than those required for other financial institutions organized under this Title. [PL 1999, c. 539, §1 (AMD).]
SECTION HISTORY
PL 1997, c. 398, §J2 (NEW). PL 1999, c. 539, §1 (AMD).