Maine Revised Statutes Title 24-A Sec. 3022 – Lien continues on deceased’s property; policy descends to estate
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Terms Used In Maine Revised Statutes Title 24-A Sec. 3022
- Continuance: Putting off of a hearing ot trial until a later time.
- Executor: A male person named in a will to carry out the decedent
- Lien: A claim against real or personal property in satisfaction of a debt.
Upon the death of a member, the lien of the insurer remains good on the property insured to the amount due on the deposit note, and the policy descends to the executor or administrator of the deceased for the benefit of the estate during its continuance, unless voluntarily surrendered or forfeited by the charter of the insurer. [PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).