Maine Revised Statutes Title 10 Sec. 1047 – Remedies
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Terms Used In Maine Revised Statutes Title 10 Sec. 1047
- Authority: means the Finance Authority of Maine as established by this chapter. See Maine Revised Statutes Title 10 Sec. 963-A
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Project: means any eligible project. See Maine Revised Statutes Title 10 Sec. 963-A
- Trustee: A person or institution holding and administering property in trust.
Any holder of revenue obligation securities or coupons issued under this subchapter and the trustee under any trust agreement, except as restricted by the trust agreement or applicable document, may, by appropriate legal action, protect and enforce any and all rights under the laws of this State or granted under this subchapter, the trust agreement or other document, including the appointment of a receiver, and may enforce and compel the performance of all duties required by this subchapter, the trust agreement or other document to be performed by the authority, including the collecting of rates, fees and charges for the use of the project. Any proceeding shall be brought for the benefit of all holders of the securities and any coupons. [PL 1985, c. 344, §75 (AMD).]
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1985, c. 344, §75 (AMD).