Maine Statutes
§ 23 §5186 — Holders of unpaid scrip and bonds may foreclose mortgages
Maine § 23 §5186
This text of Maine § 23 §5186 (Holders of unpaid scrip and bonds may foreclose mortgages) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 23, § 23 §5186 (2026).
Text
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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Legislative History
PL 1987, c. 141, §A4 (NEW).
Nearby Sections
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Bluebook (online)
Maine § 23 §5186, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/23%20%C2%A75186.