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§ 1235 — Maine Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maine/
  4. Title 9-b - : Financial Institutions/
  5. Part 12 - : Specialty or Limited Purpose Financial Institutions/
  6. Chapter 123 - : Uninsured Banks9-b §1231. General Authority and Purpose/
  7. § 1235
Maine Legal Code

§ 1235

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§1235. Lending limits An uninsured bank's lending limit is governed by section 439-A or rules adopted under section 439-A, except that loans or extensions of credit to a person are limited to 15% of total capital. [PL 1997, c. 398, Pt. J, §2 (NEW).]SECTION HISTORY PL 1997, c. 398, §J2 (NEW).