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Maine · Through October 1, 2025

33 M.R.S. §2132: Disposal of securities

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Where this section sits in the code
  1. TITLE 33: PROPERTY
  2. CHAPTER 45: MAINE REVISED UNCLAIMED PROPERTY ACT
  3. 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

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