{"data":{"id":"us-me/9-b-m.r.s.-1225","jurisdiction":"us-me","citation":"9-B M.R.S. §1225","heading":"Insider loans and investments","body":"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:\n1.  Percentage of common stock.  A person who owns 25% or more of the merchant bank's common stock or similar equity capital;\n2.  Member of governing body.  A member of the governing body of the merchant bank;\n3.  Policy-making officer or manager.  A policy-making officer or manager of the merchant bank; or\n4.  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.","path":["TITLE 9-B: FINANCIAL INSTITUTIONS","PART 12: SPECIALTY OR LIMITED PURPOSE FINANCIAL INSTITUTIONS","CHAPTER 122: MERCHANT BANKS"],"source_url":"https://legislature.maine.gov/statutes/9-B/title9-Bsec1225.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"4c6c0427ccea54d8a45902a7b9a0d4c51569fee570783eb2842a1bc630550325","source_id":"us-me","stale":false,"prev":"us-me/9-b-m.r.s.-1224","next":"us-me/9-b-m.r.s.-1226"},"notice":"GroundRules: Original legal text. Not legal advice."}