Maine Statutes

§ 23 §5170 — Anyone interested in subsequent mortgage may redeem

Maine·Title 23 TRANSPORTATION·Part 7 RAILROADS·Ch. 605 MANAGEMENT AND OPERATION
If no meeting is called or it is voted not to redeem, one or more of the persons interested in the subsequent mortgage may pay to the trustees the amount required to redeem the prior mortgage, and the trustees shall redeem it accordingly and then hold it in trust for the person so paying.

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Legislative History

PL 1987, c. 141, §A4 (NEW).

Nearby Sections

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