§2132. Disposal of securities
1. Sell or liquidate security after one year. Except as provided in section 2155, subsection 1, the administrator may not sell or otherwise liquidate a security until one year after the administrator receives the security.
[PL 2019, c. 498, §22 (NEW).]2. Price of security. The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially reasonable method.
[PL 2019, c. 498, §22 (NEW).]SECTION HISTORY
PL 2019, c. 498, §22 (NEW).