Chapter 23: CEASE AND DESIST ORDERS; REMOVAL OR CHANGE OF OFFICER OR DIRECTOR
§234. Notice to Federal authorities
In connection with any proceeding under section 231 or 232 involving a financial institution under the concurrent supervision of a federal agency and the bureau, the superintendent
shall provide the appropriate federal agency with notice of any such proceeding and the grounds therefor. Such proceeding
may then be continued jointly or by either the federal agency or the superintendent.
2007, c. 79, §4 (AMD)
2.Failure to notify.
Failure of the superintendent to give such notice shall not constitute a ground for attacking the validity of the order.
1975, c. 500, §1 (NEW)
1975, c. 500, §1 (NEW).
2007, c. 79, §4 (AMD).
Data for this page extracted on 10/16/2012 08:19:53.
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.