Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 132 - MUTUAL HOLDING COMPANIES (REG. 32)
Section 029-132-I - AUTHORITY

Universal Citation: 02 ME Code Rules ยง 029-132-I
Current through 2024-38, September 18, 2024

Title 9-B MRSA Section111 declares that it is a policy of the state to supervise financial institutions in a manner to assure their strength, stability, and efficiency and encourage development and expansion of financial services advantageous to the public welfare.

Title 9-B MRSA Section416 gives the Superintendent the authority to allow, by regulation, a financial institution to engage in any activity which has been authorized under federal law for financial institutions chartered or otherwise subject to the jurisdiction of the federal government.

Title 9-B MRSA Section1055 gives the Superintendent authority to adopt rules to ensure that the reorganization of a mutual financial institution is conducted in a fair and equitable manner.

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