Title 9: BANKS AND FINANCIAL INSTITUTIONS

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1 Title 9: BANKS AND FINANCIAL INSTITUTIONS Chapter 51: INVESTMENTS Table of Contents Part 2. SAVINGS BANKS... Section 591. AUTHORIZATION... 3 Section 592. UNITED STATES AND CANADA... 3 Section 593. STATES... 3 Section 594. PROVINCES OF CANADA... 3 Section 595. COUNTIES... 3 Section 596. MUNICIPALITIES... 3 Section 597. RAILROADS... 3 Section 598. PUBLIC UTILITIES... 4 Section 599. TELEPHONE COMPANIES... 4 Section 600. INDUSTRIAL BONDS... 4 Section 601. MAINE CORPORATE BONDS... 4 Section 602. MAINE CORPORATE STOCKS... 4 Section 603. BANK STOCKS AND OBLIGATIONS... 4 Section 604. NATIONAL MORTGAGE ASSOCIATIONS... 4 Section 605. MORTGAGES UNDER BANKHEAD-JONES FARM TENANT ACT... 4 Section 606. MAINE DEVELOPMENT CREDIT CORPORATION... 4 Section 607. INSURANCE COMPANY STOCKS... 5 Section 608. PREFERRED STOCK OF PUBLIC UTILITIES... 5 Section 609. SECURITIES APPROVED BY BANK COMMISSIONER... 5 Section 610. SECURITIES DEEMED SOUND BY BANK TRUSTEES... 5 Section 611. LIST OF LEGAL SECURITIES... 5 Section 612. SECURITIES NOT AUTHORIZED BY LAW... 5 Section 613. BONDS OF NONPROFIT ORGANIZATIONS... 5 i

2 Text current through October 15, 2015, see disclaimer at end of document. ii

3 Maine Revised Statutes Title 9: BANKS AND FINANCIAL INSTITUTIONS Chapter 51: INVESTMENTS 591. AUTHORIZATION 592. UNITED STATES AND CANADA 593. STATES 594. PROVINCES OF CANADA 595. COUNTIES 596. MUNICIPALITIES 597. RAILROADS 1965, c. 335, 6 (AMD) Authorization 3

4 598. PUBLIC UTILITIES 599. TELEPHONE COMPANIES 600. INDUSTRIAL BONDS 601. MAINE CORPORATE BONDS 602. MAINE CORPORATE STOCKS 603. BANK STOCKS AND OBLIGATIONS 1965, c. 335, 7-9 (AMD) NATIONAL MORTGAGE ASSOCIATIONS 605. MORTGAGES UNDER BANKHEAD-JONES FARM TENANT ACT 606. MAINE DEVELOPMENT CREDIT CORPORATION Telephone companies

5 607. INSURANCE COMPANY STOCKS 1965, c. 335, 10 (RPR) PREFERRED STOCK OF PUBLIC UTILITIES 609. SECURITIES APPROVED BY BANK COMMISSIONER 1965, c. 335, 11 (AMD) SECURITIES DEEMED SOUND BY BANK TRUSTEES 1965, c. 335, 12 (AMD) LIST OF LEGAL SECURITIES 612. SECURITIES NOT AUTHORIZED BY LAW 613. BONDS OF NONPROFIT ORGANIZATIONS 1965, c. 335, 14 (AMD) Insurance company stocks 5

6 The State of Maine claims a copyright in its codified statutes. If you intend to republish this material, we require that you include the following disclaimer in your publication: All copyrights and other rights to statutory text are reserved by the State of Maine. The text included in this publication reflects changes made through the First Regular Session of the 127th Maine Legislature and is current through October 15, The text is subject to change without notice. It is a version that has not been officially certified by the Secretary of State. Refer to the Maine Revised Statutes Annotated and supplements for certified text. The Office of the Revisor of Statutes also requests that you send us one copy of any statutory publication you may produce. Our goal is not to restrict publishing activity, but to keep track of who is publishing what, to identify any needless duplication and to preserve the State's copyright rights. PLEASE NOTE: The Revisor's Office cannot perform research for or provide legal advice or interpretation of Maine law to the public. If you need legal assistance, please contact a qualified attorney Bonds of nonprofit organizations

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