All fees collected as provided by this chapter must be remitted to the Treasurer of State for the use of the State with the exception of those fees established by rule and collected for expedited service. Fees for expedited service are deposited into a fund for use by the Secretary of State in providing an improved filing service.

§1461.__Effective date

This chapter takes effect July 1, 2007.

Sec. C-3. Effective date. That section of this Part that repeals the Maine Revised Statutes, Title 31, chapter 11 takes effect July 1, 2007.

PART D

Sec. D-1. 9-B MRSA §311, as corrected by RR 2001, c. 2, Pt. B, §7 and affected by §58, is amended to read:

§311. Applicability of chapter

The provisions of this chapter govern the organization and management of financial institutions operating as corporations, limited liability companies, limited partnerships and limited liability partnerships. Unless otherwise indicated in this Title, the provisions of Title 13-C apply to financial institutions operating as corporations; Title 31, chapter 11, 19 applies to financial institutions operating as limited partnerships; Title 31, chapter 13 applies to financial institutions operating as limited liability companies; and Title 31, chapter 15 applies to financial institutions operating as limited liability partnerships.

Sec. D-2. 9-B MRSA §316-A, first ¶, as corrected by RR 2001, c. 2, Pt. B, §8 and affected by §58, is amended to read:

Except as provided in this section, the management and operations of a financial institution organized under this chapter are governed by Title 13-C; Title 31, chapter 11 19; Title 31, chapter 13; or Title 31, chapter 15, as appropriate, depending upon the organizational form of the financial institution operating under this chapter. The institution's organizational documents must address the powers and duties of the governing body.