reglab/housing_qa huggingface dataset:
23 ME Rev Stat § 5163 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5163. Secured creditors become corporation and trustees shall convey to it

 §5163. Secured creditors become corporation and trustees shall convey to it The foreclosure of the mortgage shall inure to the benefit of all the holders of bonds, coupons and other claims secured thereby. They, their successors and assigns are constituted a corporation as of the date of the foreclosure, for all the purposes and with all the rights and powers, duties and obligations of the original corporation by its charter. The trustees shall convey to that new corporation by deeds all the right, title and interest which they had by the mortgage and the foreclosure, and thereupon they shall be discharged. If they neglect or refuse so to convey, the court, on application for equitable relief, may compel them to do so.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5164 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5164. First meeting of new corporation; name; possession and use of mortgaged property

 §5164. First meeting of new corporation; name; possession and use of mortgaged property The new corporation may call its first meeting in the manner provided for calling the first meeting of the original corporation, and may use for that purpose the old name, or by a notice, signed by one or more of the bondholders, setting forth the time, place and purpose of the meeting, a copy of which is to be published in a newspaper in the county, if any, otherwise in the state paper, 7 days before the meeting. At that meeting, it may adopt a new name by which it shall be known. It may take and hold the possession and have the use of the mortgaged property, although an action for equitable relief to redeem is pending, and it may become a party defendant to the action. This section applies to all corporations mentioned in section 5185.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5165 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5165. Vote to redeem prior mortgage and assessments

 §5165. Vote to redeem prior mortgage and assessments If any part of the property or franchise is subject to a prior mortgage, the new corporation, at a legal meeting called for that purpose, may vote to redeem the property or franchise and make an assessment on all holders of stock, certificates for fractions of stock, bonds or coupons in the corporation in proportion to their amounts. The directors shall immediately assess the sum and fix a time and place for the payment of it to the treasurer, who shall publish notice accordingly 6 weeks successively in some newspaper, if any, in each of the counties where the road extends, the last publication to be at least 2 weeks before the time fixed for payment.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5166 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5166. Sale of stock for nonpayment; rights of delinquent stockholders

 §5166. Sale of stock for nonpayment; rights of delinquent stockholders If any person fails to pay his assessment within the time fixed, the treasurer shall sell enough of his stock at auction to pay the same, with 12% interest and the cost of advertising and selling, by first publishing notice of the sale 3 weeks successively in a newspaper printed in the county where the sale is to be, if any, and if not, in an adjoining county. Upon sale the president and treasurer shall issue a new certificate of stock to the purchaser and the delinquent stockholder shall surrender his certificate to be canceled and may have a new one for his unsold shares. If he held bonds, coupons or certificates for fractions of stock, he shall not be entitled to commute them or to receive any dividends on them until he has paid his assessment, with 12% interest.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5167 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5167. Application of funds

 §5167. Application of funds The directors shall apply the money realized from the assessments solely to the redemption of the prior mortgage until it is fully paid and then all the property, rights and interests secured by the mortgage vest in the new corporation.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5168 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5168. Redemption of prior mortgages by junior mortgages

 §5168. Redemption of prior mortgages by junior mortgages When a subsequent mortgage of a railroad, its franchise or any part of its other property contains no provision for a sale, or contains a conditional provision depending on the application of a majority in amount of the claims secured thereby and no such application has been made to the trustees, the holder of the mortgage may redeem a prior mortgage on the same property which is under process of foreclosure at any time before it becomes absolute and hold it in trust for those who contributed thereto in proportion to the amount paid by each.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5169 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5169. Meeting regarding redemption of prior mortgages; contribution

 §5169. Meeting regarding redemption of prior mortgages; contribution For such a purpose, the trustees of the subsequent mortgage, on application of one or more persons interested in the mortgage, made 6 months prior to the absolute foreclosure of the prior mortgage and on payment of reasonable expenses to be incurred thereby, shall call a meeting of all interested and publish a notice of the meeting, stating the time, place and purpose, 3 weeks successively in the state paper and such other papers as they think proper. If at that meeting, or one called by the trustees without application, the holders of a majority of the interests there represented vote to redeem the prior mortgage, each one may contribute his proportion to the redemption. The trustees shall give immediate notice of the vote by publishing it as above and shall in the notice state the time and place of payment and the amount to be paid on each $100 as nearly as may be. If anyone fails to pay his proportion, any other person interested in the subsequent mortgage may pay it and succeed to all his rights except as otherwise provided.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5170 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5170. Anyone interested in subsequent mortgage may redeem

 §5170. Anyone interested in subsequent mortgage may redeem If no meeting is called or it is voted not to redeem, one or more of the persons interested in the subsequent mortgage may pay to the trustees the amount required to redeem the prior mortgage, and the trustees shall redeem it accordingly and then hold it in trust for the person so paying.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5171 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5171. Delinquents pay proportion and rights restored; new corporation

 §5171. Delinquents pay proportion and rights restored; new corporation When a prior mortgage has been redeemed in either mode, and all persons interested in the subsequent mortgage have not paid their proportions, the trustees shall publish a notice 10 weeks successively in the state paper, the first publication not to be until the right of redeeming the prior mortgage would have expired, that delinquents may pay the same to them or their agents, with 12% interest, within one year from the first publication of the notice. Any person so paying has the same rights as if he had paid originally and those not paying are barred. Money so paid shall be divided ratably to those who advanced the redemption money and they may become a new corporation and new certificates of stock or fractions of stock may be issued in the manner and with the rights, powers and obligations provided.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5172 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5172. Redemption by stockholders of old corporation

 §5172. Redemption by stockholders of old corporation When a prior mortgage is redeemed, any number of the stockholders of the old corporation may redeem it within 2 years thereafter by paying to the trustees of the subsequent mortgage the amount paid, with 10% interest, and the amount secured by the subsequent mortgage due to those who had contributed to redeem the prior mortgage, after deducting the net earnings of the road or adding the net deficiencies, if operated by the trustees of the subsequent mortgage. The stockholders may demand of the trustees an accurate account of the receipts and expenditures and amount due on the mortgage and have the same remedies for a failure as in case of mortgages of real estate. After the redemption, the redeeming stockholders have all the rights of those from whom they redeemed.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5173 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5173. Noncontributors; notice; rights

 §5173. Noncontributors; notice; rights The stockholders, redeeming, shall give notice to the stockholders who have not contributed to the redemption and the latter shall have the same rights as provided in the case of bondholders.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5174 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 4: FORECLOSURE AND REDEMPTION OF MORTGAGES|23 §5174. Extension of redemption time after foreclosure commenced

 §5174. Extension of redemption time after foreclosure commenced The persons interested in a prior mortgage on which a foreclosure is commenced, at a meeting called for the purpose, may extend the time of redemption. Thereupon the trustees of the mortgage, by a suitable writing, delivered to the party entitled to redeem, shall extend the time accordingly.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5181 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5181. Purchasers at sale have rights of original corporation; redemption

 §5181. Purchasers at sale have rights of original corporation; redemption When the franchise of a railroad and its road, wholly or partly constructed, or the right of redeeming the same from a mortgage, are sold by a decree of court by a power of sale in a mortgage, or on execution, the purchasers have all the rights, powers and obligations of the corporation under its charter and may form a new corporation in the manner provided. If the original corporation or those claiming under it have a right to redeem, they may do so in the manner provided for the redemption of mortgaged real estate, but shall pay, in addition to the amount of the sale and interest, the reasonable expenditures made by the new corporation in completing, repairing and equipping the road, and in the purchase of necessary property, after deducting the net earnings.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5182 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5182. Succession to rights and obligations of original corporation

 §5182. Succession to rights and obligations of original corporation The trustees of bondholders or other parties under contract with them operating a railroad and all corporations formed in the modes provided have the same rights, powers and obligations as the old corporation had by its charter and the general laws. All rights and privileges are subject to amendment, alteration or repeal by the Legislature and to all the general laws concerning railroads, notwithstanding anything to the contrary in the original charter.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5183 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5183. Original corporation continues, to close business, and for actions

 §5183. Original corporation continues, to close business, and for actions The original corporation shall exist, after the foreclosure of the mortgage, for the sole purpose of closing its unsettled business and the right of action against it or its stockholders is not impaired. In actions founded on any of the bonds or coupons secured by the mortgage, the proportional actual value of the property taken under the mortgage shall be deducted.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5184 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5184. Courts have jurisdiction of all disputes

 §5184. Courts have jurisdiction of all disputes The Supreme Judicial Court and the Superior Court, in addition to the jurisdiction specifically conferred by this chapter, have jurisdiction of all other matters in dispute, arising under this chapter relating to trustees, mortgages and the redemption and foreclosure of mortgages; but not to take away any rights or remedies that any party has and may elect to enforce by any civil action. In all proceedings relating to trustees or to mortgages, their foreclosure and redemption, not otherwise specifically provided for, the law relating to trusts and mortgages of real estate may be applied.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5185 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5185. Application of provisions to mortgages of corporations given to trustees, as if legally foreclosed

 §5185. Application of provisions to mortgages of corporations given to trustees, as if legally foreclosed This subchapter and subchapters III and IV apply to and include all mortgages of franchises, lands, property, hereditaments and rights of property of every kind whatever, whether previously given or to be given by any corporation to trustees, to secure the payment of scrip or bonds of the corporation, in all cases in which the principal of the scrip or bonds has been due and payable for more than 3 years, and remains unpaid in whole or in part, or on which no interest has been paid for more than 3 years, in the same way and to the same extent as if the mortgage had been legally foreclosed, subject to all rights of redemption, as provided in section 5165. The holders of the scrip or bonds shall have the benefit of this subchapter and subchapters III and IV and all the rights and powers of the corporation under its charter and may form a new corporation in the manner provided in this chapter whenever the holders of the scrip or bonds to an amount exceeding 1/2 of the same so elect in writing. Any subsequent foreclosure, in any method provided by law, of the mortgage given to secure the bonds or scrip, shall inure at once for the benefit of the corporation and vest in the corporation the title acquired by the foreclosure.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5186 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5186. Holders of unpaid scrip and bonds may foreclose mortgages

 §5186. Holders of unpaid scrip and bonds may foreclose mortgages A corporation formed by the holders of the scrip or bonds, or if no such corporation has been formed, the holders of not less than a majority of the scrip or bonds, may commence a civil action to foreclose the mortgage and the court may decree a foreclosure thereof, unless the arrears are paid within such time as the court orders.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5187 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5187. Capital stock of new corporation; value of shares; no further assessment

 §5187. Capital stock of new corporation; value of shares; no further assessment The capital stock of the new corporation shall be equal to the amount of unpaid bonds and overdue coupons secured by the mortgage, taken at their face value at the time of the organization of the new corporation, together with the amount required to redeem any prior mortgage and shall be divided into shares of $100 each. All stock issued shall be taken and considered as paid for in full and shall not be liable to further assessment. No person, taking or holding the stock, may by reason of the taking or holding be liable for the debts of the corporation.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5188 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5188. Organization certificate filed with Secretary of State

 §5188. Organization certificate filed with Secretary of State Whenever a corporation is organized under section 5163, 5181 or 5185, or under any other law by which a return is not specifically required, the corporation shall file with the Secretary of State a certificate signed and sworn to by the president, treasurer and a majority of the directors of that corporation, setting forth the name of the corporation and all facts as to that organization which are necessary to give full information in relation to that organization. The organization of that corporation shall date from, and it shall have the authority and rights of a corporation, only after filing the certificate.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5189 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5189. New corporation may buy right of redemption

 §5189. New corporation may buy right of redemption Any corporation formed under this chapter by the holders of railroad bonds may acquire, by purchase, the right of redemption under the mortgage securing the bonds.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 5190 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 605: MANAGEMENT AND OPERATION|Subchapter 5: RIGHTS OF PURCHASERS UNDER SALE|23 §5190. When franchise lost; action for dissolution

 §5190. When franchise lost; action for dissolution Whenever any railroad corporation, by foreclosure of a mortgage or in any other method authorized by law, has finally parted with its franchise to construct, operate and maintain the railroad described in its charter, any stockholder may maintain a civil action in the Superior Court for the winding up of the affairs and dissolution of that corporation. In such case the court shall order such notice to all parties interested as it may deem proper and proceed according to the usual course of civil actions. No trustee may be appointed, except upon motion of some party to the proceedings and then only in the discretion of the court.   [PL 1987, c. 141, Pt. A, §4 (NEW).]SECTION HISTORY PL 1987, c. 141, §A4 (NEW).
23 ME Rev Stat § 7101 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 615: STATE RAILROAD PRESERVATION ACT|Subchapter 1: RAILROAD PRESERVATION, ASSISTANCE AND ACQUISITION|23 §7101. Short title

 §7101. Short title This subchapter shall be known and may be cited as the "State Railroad Preservation and Assistance Act."   [PL 1989, c. 398, §7 (RPR).]SECTION HISTORY PL 1987, c. 792, §2 (NEW). PL 1987, c. 794, §1 (NEW). PL 1989, c. 398, §7 (RPR).
23 ME Rev Stat § 7102 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 615: STATE RAILROAD PRESERVATION ACT|Subchapter 1: RAILROAD PRESERVATION, ASSISTANCE AND ACQUISITION|23 §7102. Findings of fact

 §7102. Findings of fact The Legislature makes a finding of fact that a viable and efficient rail transportation system is necessary to the economic well-being of the State.   [PL 1989, c. 398, §7 (RPR).]The Legislature makes a further finding of fact that the State must take active steps to protect and promote rail transportation in order to further the general welfare.   [PL 1989, c. 398, §7 (RPR).]SECTION HISTORY PL 1987, c. 794, §1 (NEW). PL 1989, c. 398, §7 (RPR).
23 ME Rev Stat § 7103 (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 615: STATE RAILROAD PRESERVATION ACT|Subchapter 1: RAILROAD PRESERVATION, ASSISTANCE AND ACQUISITION|23 §7103. Railroad Preservation and Assistance Fund (REPEALED)

 §7103. Railroad Preservation and Assistance Fund (REPEALED)SECTION HISTORY PL 1987, c. 794, §1 (NEW). PL 1989, c. 398, §7 (RPR). PL 1989, c. 791, §§1,2 (AMD). PL 1995, c. 504, §B8 (AMD). PL 2003, c. 498, §3 (AMD). PL 2003, c. 498, §12 (AFF). PL 2005, c. 248, §1 (AMD). PL 2005, c. 457, §GGG4 (RP).
23 ME Rev Stat § 7103-A (2021)
2021 Maine Revised Statutes|TITLE 23: TRANSPORTATION|Part 7: RAILROADS|Chapter 615: STATE RAILROAD PRESERVATION ACT|Subchapter 1: RAILROAD PRESERVATION, ASSISTANCE AND ACQUISITION|23 §7103-A. Deposit into Multimodal Transportation Fund account

 §7103-A. Deposit into Multimodal Transportation Fund account The Treasurer of State shall receive all revenue derived from the tax levied pursuant to Title 36, chapter 361 and taxes paid under Title 36, section 1865 and shall deposit all revenue in the Multimodal Transportation Fund account established in section 4210-B.   [PL 2011, c. 649, Pt. E, §3 (AMD).]SECTION HISTORY PL 2005, c. 457, §GGG5 (NEW). PL 2011, c. 649, Pt. E, §3 (AMD).