The bank may purchase bonds or notes of the bank out of any funds or money of the bank available for that purpose. The bank may hold, cancel or resell these bonds or notes subject to and in accordance with agreements with holders of its bonds or notes.
Me. Rev. Stat. tit. 30-A, § 6010
Purchase of bonds and notes of bank
Known as the Maine Municipal Bond Bank Act
The act spans §§ 5901–6054 (62 sections).
PL 1987, c. 737, §§A2,C106 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.