There Is a Newer Version
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the Maine Revised Statutes
2012 Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Chapter 67: TAX-DEFERRED ARRANGEMENT
5 §889. Liability limited
Universal Citation:
5 ME Rev Stat § 889 (2012 through 125th Legis)
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Part 2: CIVIL SERVICE
§889. Liability limited
The financial liability of the State, county, city, town or other political subdivision under a tax-deferred arrangement under this chapter is limited in each instance to the transmittal to the provider of the investment product or products selected by an employee of that portion of the employee's compensation deferred under the tax-deferred arrangement while the enrollee remains an employee of the State, county, city, town or other political subdivision enrolled in the tax-deferred arrangement, and only to the amount of the portion of the employee's compensation. [1997, c. 204, §7 (RPR).]
SECTION HISTORY
1973, c. 491, (NEW). 1997, c. 204, §7 (RPR).
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