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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 30-A, § 5601: Bond, 1987

The treasurer must give the municipality a surety bond before taking office.

Source excerpt

official bondspublic office administration
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1987
Dates
Enacted 1987 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1987 · Source version 1 Oct 2025
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“The treasurer must give the municipality a surety bond before taking office.”

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    Enacted 1987 · 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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Bond

The treasurer must give the municipality a surety bond before taking office.

Section 5601

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Source record from legislature.maine.gov · Enacted 1987 · Source version 1 Oct 2025

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§ 5601BondProvision

Source excerpt

The treasurer must give the municipality a surety bond before taking office.

Before assuming the duties of office, the treasurer must give a surety bond to the municipality subject to the following provisions. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 1. Condition. The bond shall be conditioned on the treasurer's faithful discharge of all the duties of office. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 2. Type. The bond may be a corporate surety bond or an individual surety bond. A. If the bond is an individual surety bond, the surety shall provide the municipal officers with a detailed sworn statement of the surety's personal financial ability. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 3. Amount. The bond need not be for more than twice the amount of taxes to be collected during the municipal year. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 4. How paid. The municipality shall pay for the bond. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 5. Sufficiency. The municipal officers are the sole judges of the sufficiency of the bond and sureties. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] 6. Recorded. After the municipal officers approve the bond, the clerk shall record the bond. A. This record is prima facie evidence of the contents of the bond. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] B. Failure to record the bond is not a defense to an action on it. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]
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  • 1 Oct 2025 · currentEnglish

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