Public Laws

123rd Legislature

Second Regular Session

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Chapter 539

H.P. 1651 - L.D. 2289

PART FFFF

Sec. FFFF-1. Unclaimed property stock sale. The Treasurer of State, as unclaimed property administrator, shall implement a policy regarding the sale of unclaimed shares of stock authorized for sale under the Maine Revised Statutes, Title 33, chapter 41. The policy must require the Treasurer of State on or about July each year to liquidate all shares of stock held in custody as unclaimed property after advertisement in a newspaper of general circulation in the State. Proceeds from that sale must be transferred to the General Fund no sooner than December 1st of each year.

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