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Can you summarize 9-B MERS Section 1234?

UNINSURED BANKS > Cash reserves on deposits and accounts

Short Summary

An uninsured bank shall maintain reserves in accordance with section 422-A. The superintendent may establish by rule or order additional reserve requirements for uninsured banks. [PL 1997, c. 398, Pt. J, 2 (NEW).] SECTION HISTORY PL 1997, c. 398, J2 (NEW).

Jurisdiction

Maine

Source
9-B MERS Section 1234 [https://reggi.cloud.regology.com/regulations/US-MERS/US-MERS_T_9-B_P_12_C_123_S_1234]