{"data":{"id":"us-me/9-b-m.r.s.-1018","jurisdiction":"us-me","citation":"9-B M.R.S. §1018","heading":"Exclusion","body":"The superintendent may exclude financial institution holding companies or other companies from the provisions of this chapter when control of a Maine financial institution arises out of the acquisition of shares in a fiduciary capacity, or in connection with an underwriting of securities or proxy solicitation, or in securing or collecting a debt.  When control of a Maine financial institution arises in connection with securing or collecting a debt, the acquiring institution or company may be excluded from the provisions of this chapter if the acquiring institution or company divests the securities within 2 years of acquisition.  The superintendent may grant requests for up to 3 one-year extensions.","path":["TITLE 9-B: FINANCIAL INSTITUTIONS","PART 10: OTHER FINANCIAL ENTITIES","CHAPTER 101: FINANCIAL INSTITUTION HOLDING COMPANIES"],"source_url":"https://legislature.maine.gov/statutes/9-B/title9-Bsec1018.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"8019d0026346242033b1924aacc9465f80036c00b409b67d1b485ccce4ac7e99","source_id":"us-me","stale":false,"prev":"us-me/9-b-m.r.s.-1017","next":"us-me/9-b-m.r.s.-1019"},"notice":"GroundRules: Original legal text. Not legal advice."}