Maine Statutes
§ 10 §1386 — Cessation of enforcement actions
Maine·Title 10 COMMERCE AND TRADE·Part 3 REGULATION OF TRADE·Ch. 212-A MAINE MARINA AND BOATYARD STORAGE ACT
A facility owner shall cease enforcement actions immediately if:
1.Payment by owner.
The property owner pays the facility owner the full amount necessary to satisfy the lien. At any time before the conclusion of a sale conducted under this chapter, the property owner may redeem the property by paying the full amount necessary to satisfy the lien; or
2.Payment by other lienholders.
A person other than the facility owner who has a lien on the property pays the facility owner the full amount necessary to satisfy the lien held by the facility owner. Upon payment by a lienholder of record, the facility owner shall hold the property for the benefit of and at the direction of that lienholder and may not deliver possession of the property to the property owner. Unless the facility owner and the
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Legislative History
PL 1993, c. 263, §1 (NEW).
Nearby Sections
15
§ 10 §1301
Payment of tax§ 10 §1302
Applicability of provisions§ 10 §1305
Terminal rental adjustment clauses; vehicle leases that are not sales or security interests§ 10 §1306
Short title§ 10 §1307
Statement of purpose§ 10 §1308
Definitions§ 10 §1310-A
Administrative enforcement§ 10 §1310-B
Criminal violations§ 10 §1310-C
Civil liability for willful noncompliance§ 10 §1310-D
Civil liability for negligent noncompliance§ 10 §1310-E
Jurisdiction of courts; limitation of actions