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Terms Used In Maine Revised Statutes Title 17 Sec. 3104

  • Contract: A legal written agreement that becomes binding when signed.
  • Trustee: A person or institution holding and administering property in trust.
No trustee, superintendent, treasurer or other person holding a place of trust in any state office or public institution of the State shall be pecuniarily interested directly or indirectly in any contracts made in behalf of the State or of the institution in which he holds such place of trust, and any contract made in violation hereof is void. This section shall not apply to purchases of the State by the Governor under authority of Title 1, section 814. [PL 1975, c. 771, §164 (AMD).]
SECTION HISTORY

PL 1967, c. 247, §1 (AMD). PL 1973, c. 785, §1 (AMD). PL 1975, c. 499, §26 (AMD). PL 1975, c. 771, §164 (AMD).