§2917. Insurance or guaranty
The bank may obtain from any department or agency of the United States or the State or nongovernmental insurer any insurance or guaranty, to the extent available, as to the payment or repayment of interest or principal, or both, or any part of the interest or principal, on any bonds or notes issued by the bank, or on any public utility bonds purchased or held by the bank, pursuant to this chapter; and may enter into any agreement or contract with respect to any insurance or guaranty, except to the extent that the agreement or contract would in any way impair or interfere with the ability of the bank to perform and fulfill the terms of any agreement made with the holders of the bonds or notes of the bank. [PL 1987, c. 141, Pt. A, §6 (NEW).]
SECTION HISTORY
PL 1987, c. 141, §A6 (NEW).
Structure Maine Revised Statutes
Chapter 29: MAINE PUBLIC UTILITY FINANCING BANK ACT
35-A §2902. Findings and declaration of purpose
35-A §2904. Creation of bank and membership
35-A §2905. Lending and borrowing powers generally
35-A §2907. Prohibited acts and limitation of powers
35-A §2908. Bonds and notes of the bank
35-A §2909. Resolutions and indentures
35-A §2911. Reserves and funds
35-A §2912. Personal liability
35-A §2913. Purchase of bonds and notes of bank
35-A §2914. Bonds as legal investments and security
35-A §2916. Exemption of property from execution sale; actions to set aside resolutions
35-A §2917. Insurance or guaranty
35-A §2920. Undertakings of depositories
35-A §2921. Purchase of public utility securities
35-A §2922. Remedies on default of public utility securities
35-A §2923. Purchase of anticipation notes
35-A §2926. Agreements with financial institutions
35-A §2927. Form of public utility securities and investments