Maine § 10 §3864 Distribution of proceeds or surplus

Maine Statutes

§ 10 §3864 — Distribution of proceeds or surplus

Maine § 10 §3864

Title 10COMMERCE AND TRADE

Part 7LIENS

Ch. 627VESSELS

This text of Maine § 10 §3864 (Distribution of proceeds or surplus) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 10, § 10 §3864 (2026).

Text

If such proceeds are more than all the judgments recovered against such vessel and the amounts claimed in the undecided actions, the court may order the judgments, as fast as they are recovered against said vessel, to be paid from said fund until all such actions are terminated and all judgments satisfied. The court may, on complaint, order the balance, if any, to be paid to the persons legally entitled thereto.

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If such proceeds are more than all the judgments recovered against such vessel and the amounts claimed in the undecided actions, the court may order the judgments, as fast as they are recovered against said vessel, to be paid from said fund until all such actions are terminated and all judgments satisfied. The court may, on complaint, order the balance, if any, to be paid to the persons legally entitled thereto.