Maine Statutes
§ 20-A §11496 — Trust agreement; pledge of security
Maine·Title 20-A EDUCATION·Part 5 POST-SECONDARY EDUCATION·Ch. 417-F HIGHER EDUCATION LOAN PURCHASE PROGRAM
1.Trust agreement.
Any bonds issued under this chapter may be secured by a trust agreement by and between any or all of the following: the authority, a financial institution, a credit union and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State.
2.Pledge of security.
This subsection governs a pledge of security pursuant to this chapter.
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Legislative History
PL 2003, c. 455, §2 (NEW).
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