United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 22, § 3890-A: General conditions; dissolution, 1993

The fund has conditions for operation and dissolution, including limits on who may benefit from net earnings and rules for distributing assets when it dissolves.

asset transferfund dissolutionfund operationliabilitiesnet earningsrestricted use

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01

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“The fund has conditions for operation and dissolution, including limits on who may benefit from net earnings and rules for distributing assets when it dissolves.”

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  1. 01

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    Enacted 1993 · 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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General conditions; dissolution

The fund has conditions for operation and dissolution, including limits on who may benefit from net earnings and rules for distributing assets when it dissolves.

Section 3890-A

04

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Source record from legislature.maine.gov · Enacted 1993 · Source version 1 Oct 2025

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§ 3890-AGeneral conditions; dissolutionProvision

The fund has conditions for operation and dissolution, including limits on who may benefit from net earnings and rules for distributing assets when it dissolves.

The following conditions apply to the operation or dissolution of the fund. [PL 1993, c. 600, Pt. A, §16 (NEW).] 1. Net earnings of the fund. A member, officer, director or employee may not benefit from any part of the net earnings of the fund. Net earnings of the fund may be used to pay reasonable compensation for services rendered and to hold, manage and dispose of its property in furtherance of the purposes of the fund. [PL 1993, c. 600, Pt. A, §16 (NEW).] 2. Dissolution of fund. Upon dissolution of the fund, the members shall transfer any unexpended General Fund appropriations to the State and pay or make provisions for the payment of all other liabilities of the fund. All other principal and accrued interest in the fund must be transferred to the Maine Child Abuse Prevention Councils and restricted to the support of primary prevention of child abuse and neglect in the State. [PL 2009, c. 204, §11 (AMD).]
Section 3890-AVerify source

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  • 1 Oct 2025 · currentEnglish

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