9-B M.R.S. §1225: Insider loans and investments

The terms of any loans by a merchant bank to or investments by a merchant bank in any of the following must be disclosed to the governing body of the merchant bank:

1. Percentage of common stock. A person who owns 25% or more of the merchant bank's common stock or similar equity capital;

2. Member of governing body. A member of the governing body of the merchant bank;

3. Policy-making officer or manager. A policy-making officer or manager of the merchant bank; or

4. Percentage of voting shares owned by certain person or entity. A company 25% of the voting shares or other similar voting equity of which is owned by a person or entity listed in subsections 1 to 3.