Maine Statutes
§ 14 §4851 — Notice of sale
When judgment is recovered against a bridge, canal or other incorporated company with power to receive toll, its franchise may be sold on execution at public auction by giving notice of the time and place of sale by posting a notification in any town in which the treasurer, clerk or any officer thereof, if there are any officers, and if not, where any stockholder resides, for 30 days at least before the day of sale, and by causing an advertisement, naming the creditor thereon, to be inserted for 3 weeks successively in a newspaper of general circulation in a county where either of said officers, or, if the company is without officers, where any stockholder resides, the last publication being at least 4 days before the day of sale.
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Legislative History
PL 1987, c. 667, §10 (AMD).
Nearby Sections
6
§ 14 §4801
Mode of sale§ 14 §4851
Notice of sale§ 14 §4852
Mode of sale; possession§ 14 §4853
Rights and duties of purchaser§ 14 §4854
Right of corporation to redeem