Maine § 33 §2131 Public sale of property

Maine Statutes

§ 33 §2131 — Public sale of property

Maine § 33 §2131

Title 33PROPERTY

Ch. 45MAINE REVISED UNCLAIMED PROPERTY ACT

This text of Maine § 33 §2131 (Public sale of property) 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. 33, § 33 §2131 (2026).

Text

1.Sale after one year. Subject to section 2132, not earlier than one year after receipt of property presumed abandoned, the administrator may sell the property.

2.Notice of sale. Before selling property under subsection 1, the administrator shall give notice to the public of:

3.Sale to highest bidder. A sale under subsection 1 must be to the highest bidder:

4.Highest bid insufficient. The administrator may decline the highest bid at a sale under this section and reoffer the property for sale if the administrator determines the highest bid is insufficient.

5.Publication of notice. If a sale held under this section is to be conducted other than on the Internet, the administrator may publish at least one notice of the sale, at least 2 weeks but not more than 10 weeks before the sale.

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1.
Sale after one year.
Subject to section 2132, not earlier than one year after receipt of property presumed abandoned, the administrator may sell the property.
2.
Notice of sale.
Before selling property under subsection 1, the administrator shall give notice to the public of:
3.
Sale to highest bidder.
A sale under subsection 1 must be to the highest bidder:
4.
Highest bid insufficient.
The administrator may decline the highest bid at a sale under this section and reoffer the property for sale if the administrator determines the highest bid is insufficient.
5.
Publication of notice.
If a sale held under this section is to be conducted other than on the Internet, the administrator may publish at least one notice of the sale, at least 2 weeks but not more than 10 weeks before the sale.