There Is a Newer Version
of
the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 35-A: PUBLIC UTILITIES (HEADING: PL 1987, c. 141, Pt. A, @6 (new))
Chapter 97: EFFICIENCY MAINE TRUST ACT
35-A §10108. Liability
Universal Citation:
35-A ME Rev Stat § 10108 (2011 through 125th Legis)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Part 8: ENERGY EFFICIENCY HEADING: PL 2003, C. 644, §9 (NEW)
§10108. Liability
All officers, directors, employees and other agents of the trust entrusted with the custody of funds of the trust or authorized to disburse the funds of the trust must be bonded either by a blanket bond or by individual bonds with a minimum limitation of $100,000 coverage for each person covered by the bond or bonds, or equivalent fiduciary liability insurance, conditioned upon the faithful performance of their duties. The premiums for the bond or bonds must be paid out of the assets of the trust. [2009, c. 372, Pt. B, §3 (NEW).]
SECTION HISTORY
2009, c. 372, Pt. B, §3 (NEW).
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
