Maine § 14 §3577 When transfer is made or obligation is incurred

Maine Statutes

§ 14 §3577 — When transfer is made or obligation is incurred

Maine § 14 §3577

Title 14COURT PROCEDURE -- CIVIL

Part 5PROVISIONAL REMEDIES; SECURITY

Ch. 504UNIFORM FRAUDULENT TRANSFER ACT

This text of Maine § 14 §3577 (When transfer is made or obligation is incurred) 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. 14, § 14 §3577 (2026).

Text

For the purposes of this Act:

1.Perfection of transfer. A transfer is made:

2.Transfer; relation back. If applicable law permits the transfer to be perfected as provided in subsection 1 and the transfer is not so perfected before the commencement of an action for relief under this Act, the transfer is made immediately before the commencement of the action;

3.Other transfer. If applicable law does not permit the transfer to be perfected as provided in subsection 1, the transfer is made when it becomes effective between the debtor and the transferee;

4.Transfer not made until debtor acquired rights in asset. A transfer is not made until the debtor has acquired rights in the asset transferred; and

5.Obligation; when incurred. An obligation is incurred:

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For the purposes of this Act:
1.
Perfection of transfer.
A transfer is made:
2.
Transfer; relation back.
If applicable law permits the transfer to be perfected as provided in subsection 1 and the transfer is not so perfected before the commencement of an action for relief under this Act, the transfer is made immediately before the commencement of the action;
3.
Other transfer.
If applicable law does not permit the transfer to be perfected as provided in subsection 1, the transfer is made when it becomes effective between the debtor and the transferee;
4.
Transfer not made until debtor acquired rights in asset.
A transfer is not made until the debtor has acquired rights in the asset transferred; and
5.
Obligation; when incurred.
An obligation is incurred: