§93. Property management An agricultural society may acquire and hold property, real and personal. The annual income from this property must be used for the purposes stated in the society's charter. The treasurer for a society may receive conveyances or leases of property for the society, and hold, sell, mortgage or pledge the property. A treasurer using this authority to manage property shall give bonds to the trustees of the society for safekeeping and the faithful discharge of the treasurer's duties. [PL 2005, c. 563, §3 (NEW).]SECTION HISTORY PL 2005, c. 563, §3 (NEW).
Maine Legal Code