 |
 |
| Title
5. Administrative Procedures And Services | | Title
9-a. Maine Consumer Credit Code | | Title
9. Banks And Financial Institutions | | Title 01. General Provisions | | Title 02. Executive | | Title 03. Legislature | | Title 04. Judiciary | | Title 05. Administrative Procedures And Services | | Title 06. Aeronautics | | Title 07. Agriculture And Animals | | Title 08. Amusements And Sports | | Title 09-a. Maine Consumer Credit Code | | Title 09-b. Financial Institutions | | Title 09. Banks And Financial Institutions | | Title 10. Commerce And Trade | | Title 11. Uniform Commercial Code | | Title 12. Conservation | | Title 13-a. Maine Business Corporation Act (heading. Pl 2001, C. 640, Pt. A, @1 (rp); Pt. B, @7 (aff)) | | Title 13-b. Maine Nonprofit Corporation Act | | Title 13-c. Maine Business Corporation Act (heading. Pl 2001, C. 640, Pt. A, @2 (new); Pt. B, @7 (aff)) | | Title 13. Corporations | | Title 14. Court Procedure -- Civil | | Title 15. Court Procedure -- Criminal | | Title 16. Court Procedure -- Evidence | | Title 17-a. Maine Criminal Code | | Title 17. Crimes | | Title 18-a. Probate Code | | Title 18-b. Trusts (heading. Pl 2003, C. 618, Pt. A, @1 (new); @2 (aff) Effective 7-1-05) | | Title 18. Decedents' Estates And Fiduciary Relations | | Title 19-a. Domestic Relations (heading. Pl 1995, C. 694, Pt. B, @2 (new); Pt. E, @2 (aff)) | | Title 19. Domestic Relations (heading. Repealed 10-1-97 By Pl 1995, C. 694, Pt. B, @1 (rp); Pt. E, @2 (aff)) | | Title 20-a. Education | | Title 20. Education | | Title 21-a. Elections | | Title 21. Elections | | Title 22-a. Health And Human Services (heading. Pl 2003, C. 689, Pt. A, @1 (new)) | | Title 22. Health And Welfare | | Title 23. Highways | | Title 24-a. Maine Insurance Code | | Title 24. Insurance | | Title 25. Internal Security And Public Safety | | Title 26. Labor And Industry | | Title 27. Libraries, History, Culture And Art | | Title 28-a. Liquors (heading. Pl 1987, C. 45, Pt. A, @4 (new)) | | Title 28. Liquors (heading. Pl 1987, C. 45, Pt. A, @3 (rp)) | | Title 29-a. Motor Vehicles (heading. Pl 1993, C. 683, Pt. A, @2 (new); Pt. B, @5 (aff)) | | Title 29. Motor Vehicles (heading. Pl 1993, C. 683, @1 (rp); Pt. B, @5 (aff)) | | Title 31. Partnerships And Associations | | Title 32. Professions And Occupations | | Title 33. Property | | Title 34-a. Corrections | | Title 34-b. Behavioral And Developmental Services (heading. Pl 1995, C. 560, Pt. K, @7 (rpr); 2001, C. 354, @3 (amd)) | | Title 34. Public Institutions And Corrections (heading. Pl 1983, C. 459, @5 (rp)) | | Title 36. Taxation | | Title 37-a. Department Of Defense And Veterans Services | | Title 37-b. Defense, Veterans And Emergency Management (heading. Pl 1997, C. 455, @9 (rpr)) | | Title 37. Veterans' Services | | Title 38. Waters And Navigation | | Title 39-a. Workers' Compensation (enacted By Pl 1991, C. 885, Pt. A, @8) | | Title 39. Workers' Compensation (repealed By Pl 1991, C. 885, Pt. A, @7) |
|
|
|
|
| search a lawyer |
|
|
| ACTS, STATUTES |
|
|
|
|
|
|
|
|
|
|
|
|
| Home > Statutes > Usa Maine |
|
USA Statutes : maine
Title : Title 09-B. FINANCIAL INSTITUTIONS
Chapter : Chapter 82. POWERS
|
|
Title 9-B - §821. Powers in general
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§821. Powers in general
In addition to all services to members and to nonmembers as provided in section 817 incidental to the powers granted credit
unions elsewhere in this Title, a credit union is empowered to do the acts set forth in this chapter, subject to the conditions
and limitations set forth herein.
[1997, c. 108, §7 (amd).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
PL 1975,
Ch. 666,
§27
(RPR).
PL 1997,
Ch. 108,
§7
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §822. Borrowing
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§822. Borrowing
1. Limitation. A credit union may borrow moneys from any source; provided that its aggregate borrowing shall not exceed 50% of its paid-in
share capital and total surplus.
[1975, c. 500, § 1 (new).]
2. Exceeding limitation. Upon making application to and receiving the written approval of the superintendent, a credit union may borrow in excess
of the limitation set forth in subsection 1, but not in excess of the amount stated in such approval.
[1975, c. 500, § 1 (new).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §823. Services for members
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§823. Services for members
1. Sale of negotiable checks and money orders. A credit union may engage directly in the business of selling, issuing or registering checks or money orders to its members.
[1975, c. 550, § 1 (new).]
2. Safe deposit boxes. A credit union may own and maintain safe deposit vaults, with boxes, safes and other facilities therein, for the use of its
members and for the safekeeping or storage of personal property susceptible of being deposited therein, subject to the general
laws and regulations applicable to safe deposit boxes.
[1975, c. 500, § 1 (new).]
3. Safekeeping. A credit union may receive on deposit from its members property for safekeeping.
[1975, c. 500, § 1 (new).]
4. Financial counseling. A credit union may render, or participate in the rendering of, financial counseling services, including budget planning,
debt management and related services, to its members.
[1975, c. 500, § 1 (new).]
5. Trustee, self-employment retirement plans. A credit union shall have the power to act as trustee for a member under a retirement plan subject to the conditions and
limitations set forth in section 442.
[1985, c. 588, § 3 (amd).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
PL 1985,
Ch. 588,
§3
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §824. Participation in electronic funds transfer system
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§824. Participation in electronic funds transfer system
1. Authorization. A credit union may issue cards or other devices to its members that permit the members to gain access to or participate in
an established electronic funds transfer system.
[2003, c. 322, §16 (amd).]
2. Limitations.
[2003, c. 322, §16 (rp).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
PL 2003,
Ch. 322,
§16
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §825. Participation in public lotteries
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§825. Participation in public lotteries
A credit union may participate in public lotteries authorized pursuant to the laws of this State in the manner outlined in
guidelines and regulations promulgated pursuant to such laws; provided that the superintendent may promulgate additional rules
and regulations governing such participation.
[1975, c. 500, § 1 (new).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §826. Offices and satellite facilities
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§826. Offices and satellite facilities
A credit union may establish, relocate, close and operate a branch or satellite facility in accordance with chapter 33, except
that the limitation of section 337, subsection 2 does not apply. The limits of section 863 apply to credit union investment
in real estate for office facilities. The establishment, relocation or closing of a branch or facility must meet the needs
and convenience of the credit union's members.
[2003, c. 322, §17 (rpr).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
PL 1975,
Ch. 666,
§28
(RPR).
PL 1983,
Ch. 373,
§2
(AMD).
PL 2003,
Ch. 322,
§17
(RPR).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §827. Accounts
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§827. Accounts
1. Receipt of savings. Except as provided in subsection 4, a credit union may receive savings of its members in payment for shares, Christmas clubs,
special purpose clubs, tax clubs, deposit accounts and the like.
[1997, c. 108, §8 (amd).]
2. Receipt of payments from government agencies and other credit unions. A credit union may act as fiscal agent for and receive payments on shares and deposits from the Federal Government, this
State or any agency or political subdivision or another federally insured credit union.
[2001, c. 211, §18 (amd).]
3. Lien on shares. A credit union may impress and enforce a lien on the shares and dividends of a member to the extent of any loan made to
and any dues or charges payable by that member. A credit union that has been designated a community development credit union
pursuant to section 817 may impress and enforce a lien on the shares and dividends of a nonmember to the extent of any loan
made to and any dues or charges payable by that nonmember.
[2003, c. 322, §18 (amd).]
4. Nonmember shares and deposit accounts. A community development credit union designated by the superintendent as a community development credit union under section
817 may receive payments and savings from nonmembers representing shares of a type approved by the National Credit Union Administration
and deposit accounts of a type approved by the superintendent.
[1997, c. 108, §9 (new).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
PL 1983,
Ch. 51,
§2
(RPR).
PL 1995,
Ch. 512,
§1
(AMD).
PL 1997,
Ch. 108,
§8
(AMD).
PL 1997,
Ch. 108,
§9
(AMD).
PL 2001,
Ch. 211,
§18
(AMD).
PL 2003,
Ch. 322,
§18
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007Title 9-B - §828. Powers of federally chartered credit unions
Title 9-B: FINANCIAL INSTITUTIONS
Part 8: CREDIT UNIONS
Chapter 82: POWERS
§828. Powers of federally chartered credit unions
Notwithstanding any other provisions of law, a credit union has the power to engage in any activity that a credit union chartered
by or otherwise subject to the jurisdiction of the Federal Government may be authorized to engage in by federal legislation
or regulations issued pursuant to such legislation. In the event any law of this State is preempted or declared invalid pursuant
to applicable federal law, by a court of competent jurisdiction or by the responsible federal chartering authority with respect
to any power that may be exercised by a credit union chartered by or otherwise subject to the jurisdiction of the Federal
Government, that law is invalid with respect to credit unions authorized to do business in this State. The superintendent
may adopt rules to ensure that such powers are exercised in a safe and sound manner with adequate consumer protections. Rules
adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II-A.
[1997, c. 207, §2 (amd).]
Section History:
PL 1975,
Ch. 500,
§1
(NEW).
PL 1997,
Ch. 207,
§2
(AMD).
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.
Office of the Revisor of Statutes
7 State House Station
State House Room 108
Augusta, Maine 04333-0007
|
|
|
|
