Maine Statutes
§ 23 §5186 — Holders of unpaid scrip and bonds may foreclose mortgages
A corporation formed by the holders of the scrip or bonds, or if no such corporation has been formed, the holders of not less than a majority of the scrip or bonds, may commence a civil action to foreclose the mortgage and the court may decree a foreclosure thereof, unless the arrears are paid within such time as the court orders.
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Maine § 23 §5186 (Holders of unpaid scrip and bonds may foreclose mortgages) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1987, c. 141, §A4 (NEW).
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One vote for every $100 of bonds