| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 9-B MRSA §131, sub-§3, as amended by PL 1997, c. 398, Pt. A, | | §1, is further amended to read: |
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| | | 3. Branch. "Branch" means any office of a financial | | institution, including a credit union, where the business of | | banking is conducted other than the institution's main office. A | | branch includes an office or vehicle that is not permanent and | | that is capable of being moved or transferred from one location | | to another. |
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| | | Sec. 2. 9-B MRSA §131, sub-§17, as amended by PL 1997, c. 398, Pt. A, | | §8, is further amended to read: |
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| | | 17. Financial institution. "Financial institution" means a | | universal bank or limited purpose bank organized under the | | provisions of this Title, and a trust company, nondepository | | trust company, savings bank, industrial bank or savings and loan | association organized under the prior laws of this State. As the | term "financial institution" is used in Parts 1 and 2 and in | chapter 46, it includes credit unions organized pursuant to the | laws of this State. | | used in Parts 1 and 2 and sections 422-A, 427, 428, 429 and | | chapter 46, the term also includes a credit union organized | | pursuant to the laws of this State. |
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| | | Sec. 3. 9-B MRSA §131, sub-§23-A, as enacted by PL 1997, c. 398, Pt. | | A, §13, is amended to read: |
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| | | 23-A. Investor. "Investor" means any person who has an | | ownership interest in a financial institution and is entitled to | | vote under the institution's organizational documents. | | "Investor" does not include a member of a credit union organized | | pursuant to the laws of this State. |
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| | | Sec. 4. 9-B MRSA §131, sub-§35, as amended by PL 1999, c. 229, §1, is | | further amended to read: |
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| | | 35. Satellite facility. "Satellite facility" means any | | facility, automated device or electronic terminal established by | | a financial institution authorized to do business in this State | | or a credit union authorized to do business in this State at | | which an existing financial institution customer may initiate | | banking transactions, including, but not limited to, cash | | deposits to and withdrawals from that customer's account, cash | | advances on a preauthorized credit line, transfers between | | deposit or share accounts or payment transfers from the | | customer's account to accounts of other financial institution | | customers. Such a facility is not permanently staffed and is not |
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