STATE STATUTES & CODES
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MAINE STATUTES AND CODES
5 §887. Payment of premiums; purchase of shares; investment products
Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 2: CIVIL SERVICE
Chapter 67: TAX-DEFERRED ARRANGEMENT HEADING: PL 1973, C. 491 (NEW); 1997, C. 204, §1 (RPR)
§887. Payment of premiums; purchase of shares; investment products
Notwithstanding any other provision of law to the contrary, those persons designated to administer the tax-deferred arrangements are authorized to make payment for investment products acquired as part of a tax-deferred arrangement. The payments are not construed to be a prohibited use of the general assets of the State, county, city or other political subdivision. [1997, c. 204, §6 (AMD).]
SECTION HISTORY
1973, c. 491, (NEW). 1997, c. 204, §6 (AMD).