Maine § 30-A §6020 Form of municipal securities and investments

Maine Statutes

§ 30-A §6020 — Form of municipal securities and investments

Maine § 30-A §6020

Title 30-AMUNICIPALITIES AND COUNTIES

Part 2MUNICIPALITIES

Ch. 225MAINE MUNICIPAL BOND BANK

This text of Maine § 30-A §6020 (Form of municipal securities and investments) 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 §6020 (2026).

Text

All municipal securities or other investments of money of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form, subject to provision for any registration in the name of the bank. All municipal securities at any time purchased, held or owned by the bank must upon delivery to the bank be accompanied by documentation including:

1.Bond opinion. Approving bond opinion;

2.Signature certification. Certification and guaranty as to signatures;

3.Litigation certification. Certification as to the absence of litigation; and

4.Other documentation. Any other or further documentation that is required from time to time in the municipal bond market.

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All municipal securities or other investments of money of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form, subject to provision for any registration in the name of the bank. All municipal securities at any time purchased, held or owned by the bank must upon delivery to the bank be accompanied by documentation including:
1.
Bond opinion.
Approving bond opinion;
2.
Signature certification.
Certification and guaranty as to signatures;
3.
Litigation certification.
Certification as to the absence of litigation; and
4.
Other documentation.
Any other or further documentation that is required from time to time in the municipal bond market.