United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 18, § 4161: Authorization, 1967

Certain banks and trust companies may be appointed and serve in Maine as fiduciaries if their home state or territory gives Maine institutions similar authority.

fiduciary appointmentstrust company authorization

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01

Purpose and legislative effect

“Certain banks and trust companies may be appointed and serve in Maine as fiduciaries if their home state or territory gives Maine institutions similar authority.”

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02

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    Enacted 1967 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Authorization

Certain banks and trust companies may be appointed and serve in Maine as fiduciaries if their home state or territory gives Maine institutions similar authority.

Section 4161

04

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Source record from legislature.maine.gov · Enacted 1967 · Source version 1 Oct 2025

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Showing 1 of 1 provisions

Provision
§ 4161AuthorizationProvision

Certain banks and trust companies may be appointed and serve in Maine as fiduciaries if their home state or territory gives Maine institutions similar authority.

A bank or trust company organized and doing business under the laws of any state or territory of the United States of America, including the District of Columbia, and a national bank, duly authorized so to act, may be appointed and may serve in this State as trustee, whether of a corporate or personal trust, executor, administrator, guardian, conservator or committee for an incompetent person, or in any other fiduciary capacity, whether the appointment is by will, deed, court order or decree, or otherwise, when and to the extent that the state, territory or district in which such bank or trust company is organized grants authority to serve in like fiduciary capacities to a bank or trust company organized and doing business under the laws of this State and authorized to serve in like fiduciary capacities. [PL 1979, c. 690, §1 (REEN).]
Section 4161Verify source

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  • 1 Oct 2025 · currentEnglish

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