Maine Revised Statutes

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