Maine Code § 38-1045

Lease of property; applicable to all sewer districts
Open in Lexace · Ask the AI about this section
A sewer district may enter into a lease and leaseback transaction with respect to some or all of its
real or personal property, other than land, and may take all other necessary action, including, but not
limited to, the granting of mortgages and liens, to effectuate the transaction. For purposes of this
section, "lease" includes a lease of any length, including leases that may be defined as sales for income
tax purposes. [PL 2013, c. 555, §6 (NEW).]
This section is deemed to be incorporated into the private and special laws governing a sewer
district, and any part of a sewer district charter not in conformity with this section is void, unless the
sewer district's charter expressly references this section or former section 1252, subsection 10 and
specifically provides that this subsection or former section 1252, subsection 10 does not apply. [PL
2013, c. 555, §6 (NEW).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.