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2012 Maine Revised Statutes
TITLE 23: HIGHWAYS
Chapter 605: MANAGEMENT AND OPERATION
23 §5162. Overdue bonds and coupons for record


23 ME Rev Stat § 5162 (2012 through 125th Legis) What's This?

Part 7: RAILROADS HEADING: PL 1987, C. 141, PT. A, §4 (NEW)

Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES HEADING: PL 1987, C. 141, PT. A, §4 (NEW)

§5162. Overdue bonds and coupons for record

Each holder of overdue bonds or coupons shall present them to the trustees at least 30 days before the right of redemption expires, to be recorded by them. That right is not lost by the nonpayment of any claims not so presented. The parties having the right to redeem shall have free access to the record of the claims. [1987, c. 141, Pt. A, §4 (NEW).]

SECTION HISTORY

1987, c. 141, §A4 (NEW).

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