Maine Statutes
§ 30-A §5653 — Gifts of money or property in trust
Maine § 30-A §5653
This text of Maine § 30-A §5653 (Gifts of money or property in trust) 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. 30-A, § 30-A §5653 (2026).
Text
This section governs a municipality's receipt of money or other property in trust for any specified public purpose. The municipal officers shall serve as trustees unless otherwise specified in the trust instrument.
1.Acceptance or rejection.
When the municipal officers receive written notice from a prospective donor or a representative of a proposed trust, they shall submit the matter at the next meeting of the municipal legislative body. Within 10 days after the meeting, the municipal officers shall send written notice of its acceptance or rejection to the donor or the donor's representative.
2.Deposited or invested.
Unless otherwise specified by the terms of the trust, the municipal officers shall either deposit or invest trust funds according to subchapter III‑A.
3.Reversion to donor
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Legislative History
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Nearby Sections
15
§ 30 §1001
County law enforcement administration§ 30 §1002
Aid required by officer; refusal§ 30 §1003
Officer to pay money collected§ 30 §1004
Arrest in other counties§ 30 §101
Board membership; chairman§ 30 §101-A
Municipal school budget§ 30 §102
Vacancies; expiration of term§ 30 §103
Other times§ 30 §105
Mode of electionCite This Page — Counsel Stack
Bluebook (online)
Maine § 30-A §5653, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/30-A%20%C2%A75653.