United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 1021: Definition, 1975

This section defines “mutual trust investment company.”

investment companiestrust funds

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“This section defines “mutual trust investment company.””

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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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Definition

This section defines “mutual trust investment company.”

Section 1021

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

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Amendment
§ 1021DefinitionAmendment

This section defines “mutual trust investment company.”

As used in this chapter, the term "mutual trust investment company" means a corporation which is an investment company as defined by an Act of Congress entitled "Investment Company Act of 1940", as amended; and incorporated in compliance with this chapter to constitute a medium for the common investment of trust funds held in a fiduciary capacity, and for true fiduciary purposes, either alone or with one or more cofiduciaries, by State banks with trust powers, trust companies and national banks with trust powers which are located in this State. [PL 1975, c. 500, §1 (NEW).]
Section 1021Verify source

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  • 1 Oct 2025 · currentEnglish

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