§2132. Disposal of securities or virtual currency
1.
Sell or liquidate securities or virtual currency after one year.
Except as provided in section 2155, subsection 1, or unless in the discretion of the administrator it is determined to be in the best interest of the State otherwise, the administrator may not sell or otherwise liquidate a security or virtual currency until one year after the security or virtual currency is placed in the administrator's custody.
[PL 2025, c. 675, §26 (AMD).]
2.
Price of security or virtual currency.
The administrator may not sell a security or virtual currency listed on an established exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security or virtual currency not listed on an established exchange by any commercially reasonable method.
[PL 2025, c. 675, §26 (AMD).]
3.
Claim after securities or virtual currency sold.
A person making a claim under this Act after a security or virtual currency has been sold is entitled only to the net proceeds received from the sale.
[PL 2025, c. 675, §26 (NEW).]
SECTION HISTORY
PL 2019, c. 498, §22 (NEW). PL 2025, c. 675, §26 (AMD).