CHAPTER 398
H.P. 1319 - L.D. 1869
Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, the majority of Maine's banking assets are in state-chartered financial institutions and it is essential to the economy of Maine that its state banking charter be kept competitive, granting Maine financial institutions the powers and flexibility to effectively compete with other federally chartered and state-chartered financial institutions as well as other nonbank providers of financial services; and
Whereas, effective June 1, 1997, nationwide interstate banking and branching will be permitted for federally chartered financial institutions and, as a result, Maine's community banks will be confronted by new interstate competitors; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
| Revisor of Statutes Homepage | Subject Index | Search | Laws of Maine | Maine Legislature |
