Maine Code § 5-145-B

Issuance of registered bonds; miscellaneous provisions
Open in Lexace · Ask the AI about this section
1. Issuance. Notwithstanding any other provisions of the laws of this State, whenever the
Treasurer of State is authorized to issue and sell bonds for the State, the bonds may be issued in
registered form.
[RR 2023, c. 2, Pt. B, §24 (COR).]
2. Signatures. Registered bonds must bear the facsimile signature of the Treasurer of State or the
Treasurer of State's deputy and must be attested by the facsimile signature of the Commissioner of
Administrative and Financial Services or such agents as the commissioner may designate. Whenever
signatures on registered bonds of other state officials are required, their facsimile signatures may be
used.
[PL 2023, c. 223, §4 (AMD).]
3. Seal. The seal of the State on registered bonds may be by facsimile.
[PL 1983, c. 745 (NEW).]
4. Agents. The Treasurer of State may appoint, for such terms as may be agreed upon, including
for as long as a registered bond may be outstanding, corporate or other authenticity, agents, transfer
agents, registrars, paying or other agents, and specify the terms of their appointments, including their
rights, compensation and duties. None of the agents need have an office or do business within this State.
[PL 1983, c. 745 (NEW).]
5. Storage and transfer. The Treasurer of State may agree with custodial banks and financial
intermediaries, within or without this State, and the nominees of any of them, in connection with the
establishment and maintenance by others of a central depository system for the storage of transferable
certificates and the transfer of registered bonds. Any such custodial banks and financial intermediaries,
and nominees, if qualified and acting as fiduciaries, may also serve as authenticating agents, transfer
agents, registrars, paying or other agents of the Treasurer of State with respect to the same issue of
registered bonds.
[PL 1983, c. 745 (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.