Maine Revised Statutes

§1324. Conversions

1. Authority.  A foreign bank may convert a Maine representative office to a Maine agency or Maine branch, or convert a Maine agency to a Maine representative office or a Maine branch, or convert a Maine branch to a Maine agency or Maine representative office with the prior approval of the superintendent. A foreign bank may also convert a federal branch or agency to a Maine branch or Maine agency.
[ 1997, c. 182, Pt. B, §3 (NEW) .]
2. Applications.  Applications for prior approval of conversions must be processed in accordance with sections 252 and 253 or section 1315 as appropriate.
[ 1997, c. 182, Pt. B, §3 (NEW) .]
SECTION HISTORY
1997, c. 182, §B3 (NEW).