Maine § 9-B §473 Trust assets

Maine Statutes

§ 9-B §473 — Trust assets

Maine § 9-B §473

Title 9-BFINANCIAL INSTITUTIONS

Part 4POWERS AND DUTIES OF FINANCIAL INSTITUTIONS

Ch. 47TRUST ACTIVITIES OF FINANCIAL INSTITUTIONS

This text of Maine § 9-B §473 (Trust assets) 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. 9-B, § 9-B §473 (2026).

Text

1.Separation of trust assets. Except as otherwise provided, all securities, money and property received by any financial institution to be held in trust or in any other fiduciary capacity must be kept separate and apart from the other assets of the financial institution.

2.Separation of trust account investments. The investments of each account must be kept separate from those of all other accounts, except that:

3.Record of trust account. A record of all matters relating to each trust account must be kept separately in the trust department and must indicate the particulars respecting each account as the superintendent directs.

4.Exclusion from other financial institution liabilities. The trust assets held by any financial institution are not subject to any other liabilities of the fina

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1.
Separation of trust assets.
Except as otherwise provided, all securities, money and property received by any financial institution to be held in trust or in any other fiduciary capacity must be kept separate and apart from the other assets of the financial institution.
2.
Separation of trust account investments.
The investments of each account must be kept separate from those of all other accounts, except that:
3.
Record of trust account.
A record of all matters relating to each trust account must be kept separately in the trust department and must indicate the particulars respecting each account as the superintendent directs.
4.
Exclusion from other financial institution liabilities.
The trust assets held by any financial institution are not subject to any other liabilities of the financial institution.