§6017. Remedies on default of municipal securities
If a governmental unit defaults in the payment of interest on or principal of any municipal securities owned or held by the bank when due and payable by the governmental unit, the bank shall proceed to enforce payment under applicable provisions of law of the interest or principal or other amounts then due and payable. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]
SECTION HISTORY
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Structure Maine Revised Statutes
TITLE 30-A: MUNICIPALITIES AND COUNTIES
Chapter 225: MAINE MUNICIPAL BOND BANK
Subchapter 3: FINANCIAL OPERATION
30-A §6003. Bonds and notes of the bank
30-A §6004. Resolutions and indentures
30-A §6006-A. Revolving loan fund
30-A §6006-B. Safe drinking water revolving loan fund
30-A §6006-C. Municipal lease finance program
30-A §6006-D. Municipal Investment Trust Fund
30-A §6006-E. Maine school facilities finance lease-purchase program
30-A §6006-F. School Revolving Renovation Fund
30-A §6006-G. TransCap Trust Fund
30-A §6006-H. State Water and Wastewater Infrastructure Fund
30-A §6008. Additional reserves and funds
30-A §6009. Application of money
30-A §6010. Purchase of bonds and notes of bank
30-A §6011. Bonds as legal investments and security
30-A §6013. Insurance or guaranty
30-A §6013-A. Maine Municipal Bond Insurance Fund
30-A §6014. Governmental unit intercept
30-A §6015. Undertakings of depositories
30-A §6016. Purchase of municipal securities
30-A §6017. Remedies on default of municipal securities
30-A §6018. Purchase of anticipation notes
30-A §6019. Agreements with financial institutions
30-A §6020. Form of municipal securities and investments
30-A §6021. Presumption of validity
30-A §6022. Exemption of property from execution sale