Maine Statutes

§ 14 §2015 — Debt assigned; estate held in trust for assignee

Maine·Title 14 COURT PROCEDURE -- CIVIL·Part 4 PROCEEDING AFTER VERDICT OR JUDGMENT·Ch. 403 TITLE TO REAL ESTATE BY LEVY OF EXECUTION
When the debt has been previously assigned for a valuable consideration, the creditor named in the execution holds an estate levied on to satisfy it in trust for his assignee, who is entitled to a conveyance thereof, which may be enforced by a civil action.

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