Property Management
A Maine property manager is holding $12,000 in tenant security deposits. Under Maine law, these funds must be:
AKept in the property manager's operating account
BDeposited in a separate interest-bearing account✓ Correct
CInvested in a money market fund
DHeld in cash on the premises
Explanation
Maine law requires security deposits to be held in a separate account, segregated from the landlord's or property manager's operating funds.
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