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PUBLIC LAWS OF MAINE
First Special Session of the 118th

PART C

     Sec. C-1. 9-B MRSA §232, first ¶, as amended by PL 1995, c. 628, §17, is further amended to read:

     The superintendent may remove any officer or director of a financial institution organized pursuant to this Title or any officer of a branch of an out-of-state financial institution authorized to do business in this State, or any officer or director of a financial institution holding company, in accordance with the procedures and subject to the conditions and limitations set forth in this section.

     Sec. C-2. 9-B MRSA §232, sub-§1, as repealed and replaced by PL 1993, c. 538, §2, is amended to read:

     1. Grounds for removal. The superintendent may serve written notice of intent to remove an officer or director from office or to prohibit further participation by the officer or director in any manner in the conduct of the affairs of a financial institution or financial institution holding company if:

     Sec. C-3. 9-B MRSA §232, sub-§2, ¶B, as amended by PL 1977, c. 694, §156, is further amended to read:

     Sec. C-4. 9-B MRSA §232, sub-§3, ¶A, as enacted by PL 1975, c. 500, §1, is amended to read:

     Sec. C-5. 9-B MRSA §232, sub-§5, ¶C, as enacted by PL 1975, c. 500, §1, is amended to read:

     Sec. C-6. 9-B MRSA §232, sub-§6, ¶A, as enacted by PL 1975, c. 500, §1, is amended to read:

     Sec. C-7. 9-B MRSA §232, sub-§7, ¶B, as enacted by PL 1975, c. 500, §1, is amended to read:

Effective September 19, 1997, unless otherwise indicated.

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