§417. Equity interest in Maine financial institutions
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/me/title-9-b-financial-institutions/chapter-41-general-powers/417·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A financial institution authorized to do business in this State may acquire more than 5% of the equity interest of any other financial institution authorized to do business in this State or of a Maine financial institution holding company with the prior approval of the superintendent. [PL 1997, c. 398, Pt. I, §9 (AMD).]