LD 1539
pg. 95
Page 94 of 104 PUBLIC Law Chapter 344 Page 96 of 104
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LR 1942
Item 1

 
Sec. D-1. 7 MRSA §1015, first ¶, as amended by PL 1971, c. 622, §21, is
further amended to read:

 
The applicant shall file an application on forms as prescribed
and furnished by the commissioner, which forms shall must contain
the full name of the person applying for such the license, and,
if the applicant be is a corporation, partnership, association,
exchange, or legal representative or, officer, director, partner
or member thereof of a corporation, partnership, association or
exchange, all such names and positions are to be stated on the
application. If the applicant is a foreign corporation, it shall
certify that it is registered with the Secretary of authorized to
transact business in the State under former Title 13-A, chapter
12 or Title 13-C, chapter 15, and further state the principal
business address of the applicant in the State of Maine or
elsewhere, the address of all places of business in the State of
Maine, and the name or names of the person or persons authorized
to receive and accept service of lawful process upon the
applicant within the State of Maine.

 
All questions required to be answered in the application for
licenses shall must be sworn to, and intentionally untruthful
answers shall constitute the crime of perjury.

 
Sec. D-2. 9-B MRSA §314-A, sub-§1, ¶A, as enacted by PL 1997, c. 398,
Pt. C, §12, is repealed and the following enacted in its place:

 
A. The articles of incorporation must contain the following
statement:

 
"The purpose of this corporation is to conduct the business
of a financial institution as limited by the Maine Revised
Statutes, Title 9-B or any rules, orders or certificates
under Title 9-B."

 
Articles of incorporation or amendments to articles of
incorporation must have the prior written approval of the
superintendent.

 
Sec. D-3. 9-B MRSA §323, sub-§3, as enacted by PL 1975, c. 500, §1, is
amended to read:

 
3. Submission to Secretary of State. Following the meeting
required under subsection 2, the directors so elected shall
submit an attested copy of the institution's articles of
incorporation to the Secretary of State, who shall determine
whether such articles satisfy the filing requirements of Title
13-A 13-C. If such filing requirements are met and the
superintendent has approved said articles, the Secretary of State
shall file the articles of incorporation pursuant to Title 13-A,


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