9-B §1055. Rules

Title 9-B: FINANCIAL INSTITUTIONS

Part 10: OTHER FINANCIAL ENTITIES

Chapter 105: MUTUAL HOLDING COMPANY HEADING: PL 1993, C. 257, §3 (RPR)

§1055. Rules

The superintendent shall adopt such rules as necessary to effectuate the purposes of this chapter and to ensure that the reorganization of a mutual financial institution is conducted in a fair and equitable manner to ensure the safety and soundness of the subsidiary universal bank and the protection of the subsidiary universal bank's net worth. [2009, c. 228, §16 (AMD).]

SECTION HISTORY

1985, c. 558, (NEW). 1993, c. 257, §9 (AMD). 2009, c. 228, §16 (AMD).