| | | 2.__Acceptance by designated officer or employee.__ | | Acceptance of service in writing by an officer or employee of | | the financial institution expressly authorized to accept | | service of trustee process. |
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| | | Sec. 6. 14 MRSA §2614 is amended to read: |
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| | | §2614. Trustee not appearing defaulted |
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| | | When a person summoned as trustee neglects to appear and | answer to the action, he shall the trustee must be defaulted | and adjudged trustee as alleged to the extent that such a | | person holds goods, effects or credits of the principal | | defendant otherwise available to satisfy the unsatisfied | | portion of final judgment. Nothing in this section limits the | | additional remedies available under this chapter for the | | trustee's failure to disclose, including the assessment of | | costs under section 2701 or, in a proper case, contempt. |
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| | | Sec. 7. 14 MRSA §2901 is amended to read: |
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| | | §2901. Discontinuance of action |
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| | | When a trustee action is discontinued or settled by the | principal parties thereto to the action, the trustee shall be | is entitled to no costs, provided if the plaintiff or his the | plaintiff's attorney shall, at least 7 days before the | | trustee's disclosure under oath is required to be served, | notify notifies the trustee in writing that the action has | | been discontinued. Upon conclusion of the principal action, | | when the goods, effects or credits trusteed are not to be used | | to satisfy a judgment, the plaintiff or the plaintiff's | | attorney shall notify the trustee in writing within 30 days of | | the extinguishment of plaintiff's claim to such property. |
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| | | If the trustee discloses possession of goods, effects or | | credits of the principal defendant, or by virtue of default is | | adjudged trustee, and the trusteed funds are not collected or | | released within 7 years, they must be presumed abandoned under | | Title 33, chapter 41 unless the trustee is served with a | | certificate of the clerk of the appropriate court, between 30 | | and 90 days prior to such date, evidencing that the principal | | action is still pending. |
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| | | Sec. 8. 14 MRSA §2952 is amended to read: |
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| | | §2952. Judgment against trustee where no examination |
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| | | After notice of such a motion under section 2951 has been | served on him, if he the person neglects to appear and answer |
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