Maine Statutes

§ 5 §889 — Liability limited

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 2 CIVIL SERVICE·Ch. 67 TAX-DEFERRED ARRANGEMENT
The financial liability of the State, county, city, town or other political subdivision under a tax-deferred arrangement under this chapter is limited in each instance to the transmittal to the provider of the investment product or products selected by an employee of that portion of the employee's compensation deferred under the tax-deferred arrangement while the enrollee remains an employee of the State, county, city, town or other political subdivision enrolled in the tax-deferred arrangement, and only to the amount of the portion of the employee's compensation.

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Legislative History

PL 1973, c. 491 (NEW). PL 1997, c. 204, §7 (RPR).

Nearby Sections

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