Foreclosure and Redemption of Mortgages | Midpage

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Maine Revised Statutes

4

Foreclosure and Redemption of Mortgages

5161Railroad mortgages foreclosed 5162Overdue bonds and coupons for record 5163Secured creditors become corporation and trustees shall convey to it 5164First meeting of new corporation; name; possession and use of mortgaged property 5165Vote to redeem prior mortgage and assessments 5166Sale of stock for nonpayment; rights of delinquent stockholders 5167Application of funds 5168Redemption of prior mortgages by junior mortgages 5169Meeting regarding redemption of prior mortgages; contribution 5170Anyone interested in subsequent mortgage may redeem 5171Delinquents pay proportion and rights restored; new corporation 5172Redemption by stockholders of old corporation 5173Noncontributors; notice; rights 5174Extension of redemption time after foreclosure commenced