Maine Statutes
§ 5 §17110 — Custodial care of securities
Maine § 5 §17110
JurisdictionMaine
Title 5ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20STATE RETIREMENT SYSTEM
Ch. 421GENERAL PROVISIONS
This text of Maine § 5 §17110 (Custodial care of securities) 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. 5, § 5 §17110 (2026).
Text
1.Contract or agreement.
The board may enter into a contract or agreement with any national bank, trust company or safe deposit company for custodial services for the securities belonging to any fund of the retirement system and other related services.
2.Payment for services.
The board may arrange for the payment of services rendered under this section:
3.Withdrawal or deposit.
The chief executive officer, or another person or persons designated to the custodian by the board, may withdraw securities from or deposit securities with the custodian as circumstances may require, except that all withdrawals or delivery instructions must bear the written approval of 2 other persons duly authorized by a resolution of the board.
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Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 1993, c. 410, §L25 (AMD). PL 1997, c. 398, §L3 (AMD). PL 2021, c. 548, §45 (REV).
Nearby Sections
15
§ 5 §171
Definitions§ 5 §1710-A
Duties of commission§ 5 §1710-B
Contracts§ 5 §1710-C
Meetings§ 5 §1710-D
Staffing§ 5 §1710-F
Duties of committee§ 5 §1710-G
Use of revenue forecasts§ 5 §1710-H
Meetings§ 5 §1710-I
Staffing§ 5 §1710-J
Access to information§ 5 §1710-K
Performance budgeting; definitions§ 5 §1710-M
Duties of commissionCite This Page — Counsel Stack
Bluebook (online)
Maine § 5 §17110, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/5%20%C2%A717110.