Maine § 14 §4424 Interest in excess of exemption

Maine Statutes

§ 14 §4424 — Interest in excess of exemption

Maine § 14 §4424

Title 14COURT PROCEDURE -- CIVIL

Part 5PROVISIONAL REMEDIES; SECURITY

Ch. 507ATTACHMENTS

This text of Maine § 14 §4424 (Interest in excess of exemption) 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 §4424 (2026).

Text

1.Forced sale. If the debtor's interest in any property exempt under section 4422 exceeds the exempt amount, the whole of the property may be sold.

2.Distribution of proceeds. The proceeds of a sale under subsection 1 shall be distributed in the following order:

3.Exception for residence. With respect to a residence in which the debtor has an exempt interest, the debtor may designate as exempt from sale under subsection 1 any part of the residence having a value not in excess of the amount of his exemption.

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1.
Forced sale.
If the debtor's interest in any property exempt under section 4422 exceeds the exempt amount, the whole of the property may be sold.
2.
Distribution of proceeds.
The proceeds of a sale under subsection 1 shall be distributed in the following order:
3.
Exception for residence.
With respect to a residence in which the debtor has an exempt interest, the debtor may designate as exempt from sale under subsection 1 any part of the residence having a value not in excess of the amount of his exemption.