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Supplement Banking Laws of the State of Maine: Effective July 15, 1927 1 (1929)

handle is hein.tera/bklsme0002 and id is 1 raw text is: Supplement to the Banking Laws of the State of Maine Effective July 13, 1929 Several sections of Chap. 144 of the P. L. of 1923 were amended by the legislature of 1929 to read as follows. Sec. 1. (as amended by Chap. 14 of P. L. of 1929): The governor, with the advice and consent of the council, shall appoint a bank commissioner, who shall hold his office for four years, and until his successor is appointed and quali- fied, and who may be removed from office by the governor and council for cause, and shall not during his continuance in office hold any office in any bank in the state, nor receive directly or indirectly any remuneration or fee of any kind from any bank, banking house, corporation, association or individual for examining any property or properties or securities. He shall give bond with sureties or authorized surety company in the sum of twenty thousand dollars, to be approved by the state treasurer for the faithful performance of his duties, and the expense of securing said bond shall be paid by the state. No information derived by or communicated to the commis- sioner, deputy commissioner, or any examiner or employee of the department in the course of official duty shall be dis- closed except, first, to United States government officials charged with the duty of supervising national banks; second, to Federal Reserve officials; third, to banking departments of other states; fourth, to the governor and treasurer of state. Whoever violates the foregoing provision shall be punished by a fine of not more than one thousand dollars or by imprison- ment not exceeding six months, or by both such fine and imprisonment.

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