33 M.R.S. §2132: Disposal of securities
Where this section sits in the code
- TITLE 33: PROPERTY
- CHAPTER 45: MAINE REVISED UNCLAIMED PROPERTY ACT
- SUBCHAPTER 7: SALE OF PROPERTY BY ADMINISTRATOR
1. Sell or liquidate security after one year. Except as provided in section 2155, subsection 1, the administrator may not sell or otherwise liquidate a security until one year after the administrator receives the security.
2. Price of security. The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially reasonable method.
Collected 2026-09-04T15:12:39Z. Source file · JSON