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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-B, § 345-A: Authority for expedited charter conversions, 1981

The superintendent may make an approved charter conversion effective immediately in specified merger, consolidation, or acquisition transactions, and an aggrieved person may seek judicial review.

Source excerpt

acquisitioncharter conversionconsolidationjudicial reviewmerger
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1981
Dates
Enacted 1981 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1981 · Source version 1 Oct 2025
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01

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“The superintendent may make an approved charter conversion effective immediately in specified merger, consolidation, or acquisition transactions, and an aggrieved person may seek judicial review.”

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    Enacted 1981 · 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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Authority for expedited charter conversions

The superintendent may make an approved charter conversion effective immediately in specified merger, consolidation, or acquisition transactions, and an aggrieved person may seek judicial review.

Section 345-A

04

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Source record from legislature.maine.gov · Enacted 1981 · Source version 1 Oct 2025

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Provision
§ 345-AAuthority for expedited charter conversionsProvision

Source excerpt

The superintendent may make an approved charter conversion effective immediately in specified merger, consolidation, or acquisition transactions, and an aggrieved person may seek judicial review.

Notwithstanding any other provision of law, or any organizational document of any participating institution, when a charter conversion is approved by the governing body of a financial institution authorized to do business in this State as a component of a plan of merger, consolidation or acquisition with another financial institution or financial institution holding company, regardless of this institution's or holding company's domicile, and following compliance with all applicable requirements of federal law, if any, the superintendent may order that the charter conversion become effective immediately. The superintendent may take such action if the superintendent believes that it is necessary for the protection of depositors or the public. Any person aggrieved by a charter conversion executed pursuant to this section is entitled to judicial review of the superintendent's order in accordance with the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter VII. [PL 1997, c. 398, Pt. F, §6 (AMD).]
Section 345-AVerify source

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  • 1 Oct 2025 · currentEnglish

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