§160. -- mortgage or trust
When real estate is conveyed in mortgage or in trust to 2 or more persons, with power to appoint a successor to one deceased, it is held in joint tenancy unless otherwise expressed. When one or more of the trustees, by death or otherwise, is divested of his interest, those remaining may convey such interest upon the same trusts, without impairing the joint tenancy, to trustees by them appointed, who shall hold the title, have the rights and be subject to the liabilities of the other trustees. Personal property, with real estate and upon the same trusts, is held as the real estate is, and it may be conveyed by the remaining trustees with the real estate and held in like manner.
Structure Maine Revised Statutes
Chapter 7: CONVEYANCE OF REAL ESTATE
33 §151. Items covered by deed
33 §153. Sale or mortgage of estates subject to contingent remainders
33 §154. -- notice; appointment of next friend of minors
33 §155. -- bond of trustees; disposal of proceeds of sale
33 §156. Entailments barred by conveyance in fee simple
33 §157. Conveyance of greater estate, conveys only interest owned
33 §158. Conveyance for life and to heirs in fee
33 §159. Conveyances to 2 or more persons
33 §162. No estate greater than tenancy at will unless by writing
33 §163. Private transfer fee obligations void and unenforceable