Maine Statutes
§ 33 §160 — -- mortgage or trust
When real estate is conveyed in mortgage or in trust to 2 or more persons, with power to appoint a successor to one deceased, it is held in joint tenancy unless otherwise expressed. When one or more of the trustees, by death or otherwise, is divested of his interest, those remaining may convey such interest upon the same trusts, without impairing the joint tenancy, to trustees by them appointed, who shall hold the title, have the rights and be subject to the liabilities of the other trustees. Personal property, with real estate and upon the same trusts, is held as the real estate is, and it may be conveyed by the remaining trustees with the real estate and held in like manner.
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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