33 M.R.S. § 2132

33 §2132. Disposal of securities

Last amended: 2019Year: 2026Length: 96 wordsOfficial source
1. Sell or liquidate security after one year. Except as provided in section 2155, subsection 1 , the administrator may not sell or otherwise liquidate a security until one year after the administrator receives the security. [PL 2019, c. 498, §22 (NEW).] 2. Price of security. The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially reasonable method. [PL 2019, c. 498, §22 (NEW).]
33 M.R.S. § 2132: 33 §2132. Disposal of securities | Justis AI