LD 1534
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LD 1534 Title Page PUBLIC Law Chapter 322 Page 2 of 20
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LR 1922
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CHAPTER 322

 
S.P. 512 - L.D. 1534

 
An Act To Amend the Maine Banking Laws

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 9-B MRSA §131, sub-§3, as amended by PL 1997, c. 398, Pt. A,
§1, is further amended to read:

 
3. Branch. "Branch" means any office of a financial
institution, including a credit union, where the business of
banking is conducted other than the institution's main office. A
branch includes an office or vehicle that is not permanent and
that is capable of being moved or transferred from one location
to another.

 
Sec. 2. 9-B MRSA §131, sub-§17, as amended by PL 1997, c. 398, Pt. A,
§8, is further amended to read:

 
17. Financial institution. "Financial institution" means a
universal bank or limited purpose bank organized under the
provisions of this Title, and a trust company, nondepository
trust company, savings bank, industrial bank or savings and loan
association organized under the prior laws of this State. As the
term "financial institution" is used in Parts 1 and 2 and in
chapter 46, it includes credit unions organized pursuant to the
laws of this State. When the term "financial institution" is
used in Parts 1 and 2 and sections 422-A, 427, 428, 429 and
chapter 46, the term also includes a credit union organized
pursuant to the laws of this State.

 
Sec. 3. 9-B MRSA §131, sub-§23-A, as enacted by PL 1997, c. 398, Pt.
A, §13, is amended to read:


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