Maine Revised Statutes > Title 33 > Chapter 45 > Subchapter 8 – Administration of Property


§ 2141	Deposit of funds by administrator
§ 2142	Administrator to retain records of property
§ 2143	Expenses and service charges of administrator
§ 2144	Administrator holds property as custodian for owner

Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Contract: A legal written agreement that becomes binding when signed.
Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72