{"data":{"id":"us-me/23-m.r.s.-5186","jurisdiction":"us-me","citation":"23 M.R.S. §5186","heading":"Holders of unpaid scrip and bonds may foreclose mortgages","body":"A corporation formed by the holders of the scrip or bonds, or if no such corporation has been formed, the holders of not less than a majority of the scrip or bonds, may commence a civil action to foreclose the mortgage and the court may decree a foreclosure thereof, unless the arrears are paid within such time as the court orders.","path":["TITLE 23: TRANSPORTATION","PART 7: RAILROADS","CHAPTER 605: MANAGEMENT AND OPERATION","SUBCHAPTER 5: RIGHTS OF PURCHASERS UNDER SALE"],"source_url":"https://legislature.maine.gov/statutes/23/title23sec5186.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:32Z","sha256":"cee82550906d2c7b53c0822e75bfbf17ffc69a387b1c8b887588aa3260e335fa","source_id":"us-me","stale":false,"prev":"us-me/23-m.r.s.-5185","next":"us-me/23-m.r.s.-5187"},"notice":"GroundRules: Original legal text. Not legal advice."}