Sec. 3. 9-B MRSA §231, sub-§1, ¶B, as repealed and replaced by PL 1995, c. 628, §16, is amended to read:

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.

Sec. 4. 9-B MRSA §231, sub-§3, ¶A, as enacted by PL 1975, c. 500, §1, is amended to read:

A. Whenever, in the opinion of the superintendent, the violation or practice set forth in subsection 1 requires immediate action for the protection of depositors or shareholders investors, or where such the violation or practice, or the continuation thereof, is likely to cause insolvency or substantial dissipation of the assets or earnings of the institution, the superintendent may issue orders pursuant to subsection 1, which shall become effective upon service thereof, without prior notice or hearing.

Sec. 5. 9-B MRSA §312, sub-§5, ¶D, as enacted by PL 1997, c. 398, Pt. C, §7, is amended to read:

D. All initial and subsequent capital contributions must be in the form of cash, unless otherwise approved by the superintendent.

Sec. 6. 9-B MRSA §342, sub-§1, ¶H is enacted to read:

H.__Upon approval of the superintendent and evidence that the converting institution has complied with all applicable state and federal laws, rules and regulations, the superintendent shall issue to the resulting institution a certificate specifying the name of the converting institution and shall file a copy of the certificate with the Secretary of State.__This certificate, once filed, is conclusive evidence of the conversion and of the correctness of all proceedings relating to the conversion in all courts