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MAINE STATUTES AND CODES
9-B §413. Borrowing
Title 9-B: FINANCIAL INSTITUTIONS
Part 4: POWERS AND DUTIES OF FINANCIAL INSTITUTIONS
Chapter 41: GENERAL POWERS
§413. Borrowing
A financial institution may borrow money on such terms and conditions as it may determine, issue its notes, bonds and other obligations and secure any of its obligations by mortgage, pledge or other encumbrance of all or any part of its property. [1997, c. 398, Pt. I, §4 (AMD).]
1. Capital notes or debentures.
[ 1997, c. 398, Pt. I, §5 (RP) .]
2. Mortgage-backed securities.
[ 1997, c. 398, Pt. I, §6 (RP) .]
SECTION HISTORY
1975, c. 500, §1 (NEW). 1975, c. 666, §19 (AMD). 1997, c. 22, §11 (AMD). 1997, c. 398, §§I4-6 (AMD).