United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 1018: Exclusion, 1975

The superintendent may exclude certain companies from this chapter in specified control-acquisition situations, and may grant up to three one-year extensions.

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01

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“The superintendent may exclude certain companies from this chapter in specified control-acquisition situations, and may grant up to three one-year extensions.”

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    Enacted 1975 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Exclusion

The superintendent may exclude certain companies from this chapter in specified control-acquisition situations, and may grant up to three one-year extensions.

Section 1018

04

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Source record from legislature.maine.gov · Enacted 1975 · Source version 1 Oct 2025

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Showing 1 of 1 provisions

Provision
§ 1018ExclusionProvision

The superintendent may exclude certain companies from this chapter in specified control-acquisition situations, and may grant up to three one-year extensions.

The superintendent may exclude financial institution holding companies or other companies from the provisions of this chapter when control of a Maine financial institution arises out of the acquisition of shares in a fiduciary capacity, or in connection with an underwriting of securities or proxy solicitation, or in securing or collecting a debt. When control of a Maine financial institution arises in connection with securing or collecting a debt, the acquiring institution or company may be excluded from the provisions of this chapter if the acquiring institution or company divests the securities within 2 years of acquisition. The superintendent may grant requests for up to 3 one-year extensions. [PL 1993, c. 538, §4 (AMD).]
Section 1018Verify source

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  • 1 Oct 2025 · currentEnglish

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