Maine § 14 §4423 Exempt property acquired within 90 days

Maine Statutes

§ 14 §4423 — Exempt property acquired within 90 days

Maine § 14 §4423

Title 14COURT PROCEDURE -- CIVIL

Part 5PROVISIONAL REMEDIES; SECURITY

Ch. 507ATTACHMENTS

This text of Maine § 14 §4423 (Exempt property acquired within 90 days) 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 §4423 (2026).

Text

Notwithstanding section 4424, if within 90 days of the attachment, or, in a proceeding under the United States Code, Title 11, the date of the filing of the petition, the debtor transfers his nonexempt property and as a result acquires, improves or increases in value property otherwise exempt under section 4422, his interest shall not be exempt to the extent that the acquisition, improvement or increase in value exceeds the reasonable needs of the debtor or his dependents.

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Notwithstanding section 4424, if within 90 days of the attachment, or, in a proceeding under the United States Code, Title 11, the date of the filing of the petition, the debtor transfers his nonexempt property and as a result acquires, improves or increases in value property otherwise exempt under section 4422, his interest shall not be exempt to the extent that the acquisition, improvement or increase in value exceeds the reasonable needs of the debtor or his dependents.