§8-215. Judgment in trust for all interested
Every judgment and execution in an action on the bond must be recovered by the court in trust for all interested parties. The judge shall order the delinquent fiduciary, if still in office, to account for the amount or to assign the amount to the fiduciary's successor to be collected and distributed or otherwise disposed of as assets. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
SECTION HISTORY
PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).
Structure Maine Revised Statutes
Article 8: MISCELLANEOUS PROVISIONS
Part 2: PROCEDURES GOVERNING BONDS
18-C §8-201. Applicability to proceedings on other bonds
18-C §8-202. Surety on bond may cite trust officers for accounting
18-C §8-203. Agreement with sureties for joint control
18-C §8-204. Approval of bond by judge
18-C §8-205. Insufficient sureties
18-C §8-206. Discharge of surety
18-C §8-207. New bonds or removal of principal
18-C §8-208. Reduction of liability where signed by surety company
18-C §8-210. Principal made party in action against surety
18-C §8-211. Proceedings and judgment
18-C §8-212. Limitation of actions on bonds
18-C §8-213. Judicial authorization of actions