Maine Statutes
§ 14 §2751 — Demands assigned as security trusteed and redeemed
Maine·Title 14 COURT PROCEDURE -- CIVIL·Part 5 PROVISIONAL REMEDIES; SECURITY·Ch. 501 TRUSTEE PROCESS
When it appears that a person summoned as trustee is indebted to the principal defendant on any demand on which he might be held as trustee, but that it has been conditionally assigned as security and the principal defendant has a subsisting right to redeem it, the court may order that on fulfillment of such conditions by the plaintiff within the time fixed by the court and while the right to redeem exists, the trustee shall be held for the full amount of such demand. When the court is satisfied that its order has been complied with, it may charge the trustee accordingly.
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Nearby Sections
15
§ 14 §2702
False disclosure§ 14 §2703
Commissioner to take disclosure§ 14 §2705
Trustee may disclose by consent§ 14 §2706
Disclosure sworn to§ 14 §2707
Examination of trustee§ 14 §2708
Disclosure under oath§ 14 §2709
Trustee may submit statement of facts§ 14 §2710
Disclosure deemed true§ 14 §2711
Time extended for trustee to disclose§ 14 §2713
Excess determined by court or jury