Esheria Esheria Statutes
Ask AI Sign in

United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 213: Prohibited relationships with supervised institutions, 1975

Bureau officials generally may not hold specified roles or receive payments from supervised financial institutions; certain loans to them or their family members must be disclosed immediately.

Source excerpt

conflicts of interestloan disclosurepayments and gratuitiessupervised financial institutions
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1975
Dates
Enacted 1975 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1975 · Source version 1 Oct 2025
On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“Bureau officials generally may not hold specified roles or receive payments from supervised financial institutions; certain loans to them or their family members must be disclosed immediately.”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

02

How the instrument operates

  1. 01

    Start with the recorded version

    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.

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 04

    Verify currency and official wording

    Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

03

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

04

Source and current-law status

Source record view

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

Verify current force

The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 1 of 1 provisions

Provision
§ 213Prohibited relationships with supervised institutionsProvision

Source excerpt

Bureau officials generally may not hold specified roles or receive payments from supervised financial institutions; certain loans to them or their family members must be disclosed immediately.

1. Stockholder; payment from. A. The superintendent or an employee of the bureau may not, during the superintendent's term of office or while employed by the bureau, be an officer, director, corporator, employee, attorney or stockholder in any financial institution or financial institution holding company subject to supervision or regulation by the bureau. [RR 2025, c. 1, Pt. D, §6 (COR).] B. The superintendent and employees of the bureau shall not, during their terms of office, receive directly or indirectly any payment or gratuity from any financial institution subject to supervision or regulation by the bureau. The prohibitions contained in this paragraph shall not be construed as prohibiting such person from being a depositor or member in any such financial institution on the same terms as are available to the public generally. [PL 1975, c. 500, §1 (NEW).] [RR 2025, c. 1, Pt. D, §6 (COR).] 2. Loans from supervised institutions. A. If the superintendent, a deputy superintendent, an examiner or other professional personnel of the bureau or such person's spouse or such person's child residing at such person's home obtains a loan from any financial institution subject to supervision or regulation by the bureau, the fact of the loan, together with the terms and conditions of the loan, must be disclosed immediately to the superintendent in writing by the person obtaining the loan and by the institution making the loan. If the superintendent is the borrower, the written disclosure must be made to the commissioner. [RR 2025, c. 1, Pt. D, §7 (COR).] B. A record of any indebtedness described in paragraph A shall be kept on file in the bureau so long as such indebtedness is outstanding. [PL 1975, c. 500, §1 (NEW).] C. The superintendent, or the commissioner if the superintendent is the borrower, may make an investigation of such loan to insure that its terms, conditions and amount are reasonable and proper under the circumstances, and that no preferential treatment has been given in the process of granting such loan. [PL 1975, c. 500, §1 (NEW).] [RR 2025, c. 1, Pt. D, §7 (COR).] 3. Additional limitations. The provisions of this section shall be in addition to the limitations of Title 5, section 18. [PL 1979, c. 734, §7 (NEW).]
Section 213Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • 1 Oct 2025 · currentEnglish

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.