United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 1052: Definitions, 1985

This section defines three terms used in the chapter: mutual financial institution, mutual holding company, and subsidiary universal bank.

definitionsfinancial institutions

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“This section defines three terms used in the chapter: mutual financial institution, mutual holding company, and subsidiary universal bank.”

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    Enacted 1985 · 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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Definitions

This section defines three terms used in the chapter: mutual financial institution, mutual holding company, and subsidiary universal bank.

Section 1052

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Source record from legislature.maine.gov · Enacted 1985 · Source version 1 Oct 2025

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Interpretation
§ 1052DefinitionsInterpretation

This section defines three terms used in the chapter: mutual financial institution, mutual holding company, and subsidiary universal bank.

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1985, c. 558 (NEW).] 1. Mutual financial institution. "Mutual financial institution" means any institution as defined in section 131, subsection 27. [PL 1985, c. 558 (NEW).] 2. Mutual holding company. "Mutual holding company" means any corporation organized pursuant to this chapter. [PL 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. [PL 2009, c. 228, §10 (AMD).]
Section 1052Verify source

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  • 1 Oct 2025 · currentEnglish

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