§ 401 Cutting and sale of trees; order of court
§ 402 — proceeds invested; income appropriated
§ 403 — appointment of trustees; bond
contract signature

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Terms Used In Maine Revised Statutes > Title 33 > Chapter 7 > Subchapter 5 - Timber and Woodlands

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.