Me. Rev. Stat. » Title 18-A
Maine Revised Statutes

Me. Rev. Stat. tit. 18-A, § 7-404 (2026)

Power of court to permit deviation or to approve transactions involving conflict of interest

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1979, c. 540, §1 (NEW). PL 2003, c. 618, §B14 (RP). PL 2003, c. 618, §B20 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).
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Notes of Decisions
Cited in 2 cases, 1997–2014 · leading case: Est. of Spear, 1997 ME 15 (Me. 1997).
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Est. of Spear, 1997 ME 15 (Me. 1997). · cites it 8× “Although the court observed that “the trustees should have followed the prudent path outlined in 18-A M.R.SA § 7-404(b) and sought Court approval prior to executing the deed from the trustees to the trastee/buyer,” the court concluded that 18-A M.”
Noveletsky v. Metro. Life Ins., 49 F. Supp. 3d 123 (D. Me. 2014). · cites it 2× “§ 7-301 (1981) (codifying the duty of loyalty); 18-A M.R.S.A. § 7-404(b) (1981) (providing that trustees lack the power to engage in self-interested transactions absent court authorization, except as provided under certain exceptions); 18-A M.”
— Me. Rev. Stat. tit. 18-A, § 7-404(b) — 2 cases
Est. of Spear, 1997 ME 15 (Me. 1997). “Although the court observed that “the trustees should have followed the prudent path outlined in 18-A M.R.SA § 7-404(b) and sought Court approval prior to executing the deed from the trustees to the trastee/buyer,” the court concluded that 18-A M.”
Noveletsky v. Metro. Life Ins., 49 F. Supp. 3d 123 (D. Me. 2014). “§ 7-301 (1981) (codifying the duty of loyalty); 18-A M.R.S.A. § 7-404(b) (1981) (providing that trustees lack the power to engage in self-interested transactions absent court authorization, except as provided under certain exceptions); 18-A M.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.