United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 4, § 1608: Trust funds, 1987

Money received under this Act must be treated as trust funds and used only as the Act allows.

fiduciary custodyfund handling

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01

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“Money received under this Act must be treated as trust funds and used only as the Act allows.”

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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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Trust funds

Money received under this Act must be treated as trust funds and used only as the Act allows.

Section 1608

04

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

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Showing 1 of 1 provisions

Provision
§ 1608Trust fundsProvision

Money received under this Act must be treated as trust funds and used only as the Act allows.

All money received pursuant to the authority of this Act shall be considered to be trust funds, to be held and applied solely as provided in this Act. Any officer to whom, or any bank, trust company or other fiscal agent or trustee to which, that money is paid shall act as trustee of the money and shall hold and apply the money for the purpose of this Act, subject to such rules as may be adopted by the authority pursuant to this Act and as the resolution or trust agreement may provide. [PL 1987, c. 438, §1 (NEW).]
Section 1608Verify source

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  • 1 Oct 2025 · currentEnglish

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