Me. Stat. tit. 9-B § 1052

Current through 131st (2023-2024) Legislature Chapter 684

Section 1052 - Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [1985, c. 558(NEW).]

1.Mutual financial institution. "Mutual financial institution" means any institution as defined in section 131, subsection 27.

[1985, c. 558(NEW).]

2.Mutual holding company. "Mutual holding company" means any corporation organized pursuant to this chapter.

[1985, c. 558(NEW).]

3.Subsidiary universal bank. "Subsidiary universal bank" means any universal bank organized under the laws of this State, at least 51% of the voting stock of which is wholly owned by a mutual holding company.

[2009, c. 228, §10(AMD).]

9-B M.R.S. § 1052

1985, c. 558, (NEW) . 1993, c. 257, § 4 (AMD) . 2009, c. 228, § 10 (AMD) .