§5152. Rights of coupon holders
When coupons for interest issued with bonds are, for a valuable consideration, detached and assigned by delivery, the assignee may maintain a civil action upon them in his own name against the corporation engaging to pay them. [PL 1987, c. 141, Pt. A, §4 (NEW).]
SECTION HISTORY
PL 1987, c. 141, §A4 (NEW).
Structure Maine Revised Statutes
Chapter 605: MANAGEMENT AND OPERATION
Subchapter 3: SHARES, COUPONS AND MORTGAGES
23 §5152. Rights of coupon holders
23 §5153. Trustees; vacancies; elections affirmed; decrees enforced
23 §5154. Breach of mortgage; meeting of bondholders
23 §5155. One vote for every $100 of bonds
23 §5156. Trustees taking possession have corporate powers
23 §5157. Receipts and expenditures; trustees not liable; road surrendered
23 §5158. Bondholders' meetings; reports; compensation and instructions for trustees