When a person summoned as trustee neglects to appear and answer to the action, he shall the trustee must be defaulted and adjudged trustee as alleged to the extent that such a person holds goods, effects or credits of the principal defendant otherwise available to satisfy the unsatisfied portion of final judgment. Nothing in this section limits the additional remedies available under this chapter for the trustee's failure to disclose, including the assessment of costs under section 2701 or, in a proper case, contempt.

Sec. 8. 14 MRSA §2901 is amended to read:

§2901. Discontinuance of action

When a trustee action is discontinued or settled by the principal parties thereto to the action, the trustee shall be is entitled to no costs, provided if the plaintiff or his the plaintiff's attorney shall, at least 7 days before the trustee's disclosure under oath is required to be served, notify notifies the trustee in writing that the action has been discontinued. Upon conclusion of the principal action, when the goods, effects or credits trusteed are not to be used to satisfy a judgment, the plaintiff or the plaintiff's attorney shall notify the trustee in writing within 30 days of the extinguishment of plaintiff's claim to such property.

If the trustee discloses possession of goods, effects or credits of the principal defendant, or by virtue of default is adjudged trustee, and the trusteed funds are not collected or released within 7 years, they must be presumed abandoned under Title 33, chapter 41 unless the trustee is served with a certificate of the clerk of the appropriate court, between 30 and 90 days prior to such date, evidencing that the principal action is still pending.

Sec. 9. 14 MRSA §2952 is amended to read:

§2952. Judgment against trustee where no examination

After notice of such a motion under section 2951 has been served on him, if he the person neglects to appear and answer thereto to the motion, he shall that person must be defaulted and adjudged trustee to the extent that the person holds goods, effects or credits of the principal defendant otherwise available to satisfy the unsatisfied portion of final judgment. If he was not examined in the original action, judgment shall be rendered against him for the whole sum remaining due on the judgment against the principal defendant. Nothing in this section limits