Maine Revised Statutes Title 9-B. Financial Institutions § 913. Powers

1. Borrow and lend. Borrow and to lend money, and discount notes and bills of exchange including trade acceptances;

2. Investments. Purchase, invest in, hold and sell such notes, bonds and securities as are legal for investments in accordance with the provisions of chapter 55.  1

3. FHA insured loans. Make such loans as are eligible for insurance pursuant to Title I of the National Housing Act, as amended,  2 and to apply for and obtain insurance on said loans pursuant to said Act.

4. Certificates of investment. Sell certificates of investment, either of fixed or of uncertain term; and

5. Branches. Establish branch or agency offices in accordance with chapter 33;  3 provided that the powers set forth in subsection 4 may only be exercised at branch or agency offices authorized and doing business on or before June 1, 1967.