Maine § 14 §3572 Definitions

Maine Statutes

§ 14 §3572 — Definitions

Maine·Title 14 COURT PROCEDURE -- CIVIL·Part 5 PROVISIONAL REMEDIES; SECURITY·Ch. 504 UNIFORM FRAUDULENT TRANSFER ACT

As used in this Act, unless the context otherwise indicates, the following terms have the following meanings.

1.Affiliate. "Affiliate" means:

2.Asset. "Asset" means property of a debtor, but does not include:

3.Claim. "Claim" means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.

4.Creditor. "Creditor" means a person who has a claim.

5.Debt. "Debt" means liability on a claim.

6.Debtor. "Debtor" means a person who is liable on a claim.

7.Insider. "Insider" includes:

8.Lien. "Lien" means a charge against or an interest in property to secure payment of a debt or performance of an obligation, and includes a security interest created by agree

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As used in this Act, unless the context otherwise indicates, the following terms have the following meanings.
1.
Affiliate.
"Affiliate" means:
2.
Asset.
"Asset" means property of a debtor, but does not include:
3.
Claim.
"Claim" means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.
4.
Creditor.
"Creditor" means a person who has a claim.
5.
Debt.
"Debt" means liability on a claim.
6.
Debtor.
"Debtor" means a person who is liable on a claim.
7.
Insider.
"Insider" includes:
8.
Lien.
"Lien" means a charge against or an interest in property to secure payment of a debt or performance of an obligation, and includes a security interest created by agreement, a judicial lien obtained by legal or equitable process or proceedings, a common law lien or a statutory lien.
9.
Person.
"Person" means an individual, partnership, corporation, association, organization, government or governmental subdivision or agency, business trust, estate, trust or any other legal or commercial entity.
10.
Property.
"Property" means anything that may be the subject of ownership.
11.
Relative.
"Relative" means an individual related by consanguinity within the 3rd degree as determined by the common law, a spouse or an individual related to a spouse within the 3rd degree as so determined, and includes an individual in an adoptive relationship within the 3rd degree.
12.
Transfer.
"Transfer" means every mode, direct or indirect, absolute or conditional, voluntary or involuntary, of disposing of or parting with an asset or an interest in an asset, and includes payment of money, release, lease or creation of a lien or other encumbrance.
13.
Valid lien.
"Valid lien" means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings.