Maine Statutes
§ 33 §153 — Sale or mortgage of estates subject to contingent remainders
1.Sale or mortgage.
When real estate is subject to a contingent remainder, executory devise or power of appointment, the Superior Court, the District Court or the Probate Court for the county or district in which the real estate is situated may, upon the petition of any person who has an estate in possession in the real estate and after notice and other proceedings as required, appoint one or more trustees and authorize the trustee or trustees:
2.Petition.
The petition must set forth the nature of the petitioner's title to the real estate, the source from which the title was derived, the names and addresses of all persons known to be interested in the real estate and any other facts necessary for a full understanding of the matter.
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Legislative History
PL 1999, c. 547, §A4 (RPR).
Nearby Sections
15
§ 33 §1
Termination date§ 33 §1001
Definitions§ 33 §1002
Manner of making gift§ 33 §1003
Effect of gift§ 33 §1004
Powers and duties§ 33 §1006
Exemption of 3rd persons from liability§ 33 §1008
Accounting§ 33 §1009
Construction§ 33 §101-1
Application of rule§ 33 §101-A-1
Trusts exempt from rule against perpetuities§ 33 §1010
Short title§ 33 §102-1
Age may be reduced to 21§ 33 §1021
Definitions