2. Purchase of own capital stock. The purchase of shares of any type of its own capital stock equity interest. Notice must contain such information as required by the superintendent.; and

Sec. 13. 9-B MRSA §1019-A, sub-§3 is enacted to read:

3.__Exception requiring approval.__The issuance of equity interest or capital notes by a Maine financial institution holding company that is not required to file notice with the United States Securities and Exchange Commission.__Issuance under this subsection also requires prior approval of the superintendent.__A Maine financial institution holding company may not purchase or redeem its equity interests without the superintendent's prior written approval if the gross consideration for purchase or redemption, when aggregated with the net consideration paid by the company for all such purchases or redemptions during the preceding 12 months, is equal to 10% or more__of the company's consolidated net worth.

Sec. 14. 9-B MRSA §1215, 2nd ¶, as enacted by PL 1997, c. 398, Pt. J, §2, is amended to read:

If the holding company is not deemed to be a financial institution holding company under chapter 101 by virtue of controlling financial institutions other than nondepository trust companies, the superintendent may examine the holding company, including its subsidiaries and affiliates, to the extent necessary to determine the soundness and viability of the nondepository trust company.

Sec. 15. 9-B MRSA §1226, 2nd ¶, as enacted by PL 1997, c. 398, Pt. J, §2, is amended to read:

If the holding company is not deemed to be a financial institution holding company under chapter 101 by virtue of controlling financial institutions other than a merchant bank, the superintendent may examine the holding company, including its subsidiaries and affiliates, to the extent necessary to determine the soundness and viability of the merchant bank.