Maine Revised Statutes Title 18-B Sec. 507 – Personal obligations of trustee
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Terms Used In Maine Revised Statutes Title 18-B Sec. 507
- Trustee: A person or institution holding and administering property in trust.
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]
SECTION HISTORY
PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).