| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 9-B MRSA §131, sub-§32, as repealed and replaced by PL 1975, | | c. 666, §4, is amended to read: |
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| | | 32. Savings account. "Savings account" or "savings deposit" | | means a deposit or account in a financial institution in which | | the depositor is not required by the deposit contract, but may at | | any time be required by the financial institution, to give notice | in writing of an intended withdrawal not less than 30 | before such withdrawal is made and which | | specified date or at the expiration of a specified time after the | | date of deposit. |
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| | | Sec. 2. 9-B MRSA §131, sub-§37, as amended by PL 1997, c. 398, Pt. A, | | §26, is further amended to read: |
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| | | 37. Service corporation. "Service corporation" means a | | corporation, limited liability company or limited partnership | | substantially all the activities of which consist of originating, | | purchasing, selling and servicing loans and participation | | interests therein; or clerical, bookkeeping, accounting and | | statistical or similar functions related to a financial | | institution or real estate activities; or management, personnel, | | marketing or investment counseling related to a financial | | institution or real estate activities; or establishing or | | operating one or more satellite facilities; or any activity | | authorized by the superintendent by rule or order that has been | | authorized under federal law for service corporations owned or | | controlled by national banks, federally chartered savings and | | loan associations, federally chartered savings banks or federally | | chartered credit unions. The purpose of authorizing any such | | activity is to maintain competitive equality between federally | | chartered and state-chartered institutions. |
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| | | Sec. 3. 9-B MRSA §231, sub-§1, ¶B, as repealed and replaced by PL 1995, | | c. 628, §16, is amended to read: |
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| | | B. The superintendent may restrict the withdrawal of funds | | from one or more financial institutions in an order issued | | under paragraph A if, in the opinion of the superintendent, | | extraordinary circumstances make such action necessary and | appropriate for the protection of depositors, shareholders | | investors or the public. |
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| | | Sec. 4. 9-B MRSA §231, sub-§3, ¶A, as enacted by PL 1975, c. 500, §1, | | is amended to read: |
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| | | A. Whenever, in the opinion of the superintendent, the violation | | or practice set forth in subsection 1 requires |
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