| | | Sec. B-12. 18-A MRSA §7-401, as enacted by PL 1979, c. 540, §1, is | | repealed. |
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| | | Sec. B-13. 18-A MRSA §7-402, as amended by PL 2001, c. 544, §1, is | | repealed. |
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| | | Sec. B-14. 18-A MRSA §§7-403 to 7-406, as enacted by PL 1979, c. 540, | | §1, are repealed. |
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| | | Sec. B-15. 18-A MRSA §8-304, as enacted by PL 1979, c. 540, §1, is | | amended to read: |
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| | | §8-304. Approval of bond by judge |
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| | | Except as otherwise provided by sectionthrough | to 3-606, 4-204, 4-207, 5-411, 5-412,7-304 | | 18-B, section 702, no bond required to be given to the judge of | | probate or to be filed in the probate office is sufficient until | it has been examined by the judge and his | | has been written thereon. |
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| | | Sec. B-16. 18-A MRSA §8-313, as enacted by PL 1979, c. 540, §1, is | | amended to read: |
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| | | §8-313. Judicial authorization of actions |
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| | | The judge of probate may expressly authorize or instruct a | | personal representative or other fiduciary, at the judge's | discretion or on the complaint of himself or | | person, to commence an action on the bond for the benefit of the | estate. Nothing herein shall | | duty of a successor fiduciary to bring such proceedings as they | | are authorized to bring without express court authorization under | | section 3-606, subsection (a), paragraph (4); section 5-412, | subsection (a), paragraph (3); Title 18-B, section 7-304 | | as otherwise provided by law. |
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| | | Sec. B-17. 30-A MRSA §5706, sub-§4, as amended by PL 1995, c. 206, §1, | | is further amended to read: |
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| | | 4. Safekeeping and investment management agreements. The | | municipal officers may enter into an agreement with any financial | | institution with trust powers authorized to do business in the | | State for the safekeeping of the reserve funds, as defined in | | section 5801, or trust funds, as defined by section 5653, of the | | municipality. Services must consist of the safekeeping of the | | funds, collection of interest and dividends, and any other fiscal | | service that is normally covered in a safekeeping agreement. | | Investment of reserve funds or trust funds deposited under a | | safekeeping agreement may be managed either by the financial |
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