Maine § 172. - Evidence of interest in trust has no legal recognition

Full text of Maine Maine Revised Statutes § 172. — Evidence of interest in trust has no legal recognition, with citation guidance and answers to common questions.

§ 172.. Evidence of interest in trust has no legal recognition

No certificate of stock or other evidence of interest in any trust, combination or association, as named in section 171, shall have legal recognition in any court in this State, and any deed of real estate given by any person, firm or corporation for the purpose of becoming interested in such trust, combination or association, or any mortgage given by the latter to the seller, as well as all certificates growing out of such transaction, shall be void.  

Source: official Maine text · Last verified 2026-08-27

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Frequently Asked Questions About Maine § 172.

What does Maine Revised Statutes § 172. cover?

Section 172. ("Evidence of interest in trust has no legal recognition") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Maine § 172.?

A common citation format is "Maine Revised Statutes § 172." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Maine law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.

How does Maine § 172. apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Maine.