Maine § 33 §2131 Public sale of property

Maine Statutes

§ 33 §2131 — Public sale of property

Maine·Title 33 PROPERTY·Ch. 45 MAINE REVISED UNCLAIMED PROPERTY ACT

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.

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