Maine Revised Statutes Title 3 Sec. 751 – Control of funds
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Terms Used In Maine Revised Statutes Title 3 Sec. 751
- Board of trustees: means the board provided for in section 731. See Maine Revised Statutes Title 3 Sec. 701
- Retirement: means the termination of membership service with a retirement allowance granted under this chapter. See Maine Revised Statutes Title 3 Sec. 701
- Trustee: A person or institution holding and administering property in trust.
The board of trustees is the trustee of the funds created by this chapter and shall administer those funds in the same manner as is provided for the administration of other program funds of the Maine Public Employees Retirement System in accordance with Title 5, chapter 421, subchapters 3 and 4. The board of trustees may establish separate funds or accounts within a fund, as necessary. [PL 2007, c. 491, §15 (AMD).]
SECTION HISTORY
PL 1985, c. 507, §1 (NEW). PL 1987, c. 402, §A7 (AMD). PL 1989, c. 133, §6 (AMD). PL 2007, c. 58, §3 (REV). PL 2007, c. 491, §15 (AMD).