Maine Statutes

§ 33 §1603-117 — Other liens affecting the condominium

Maine·Title 33 PROPERTY·Ch. 31 MAINE CONDOMINIUM ACT
(a)A judgment for money against the association, if a lien order is filed with the Register of Deeds of the county where the condominium is located, as provided in Title 14, section 3132, as it or its equivalent may be amended or modified from time to time, is not a lien on the common elements, but is a lien in favor of the judgment lienholder against all of the units in the condominium at the time the judgment was entered. No other property of a unit owner is subject to the claims of creditors of the association.
(b)Notwithstanding the provisions of subsection (a), if the association has granted a security interest in the common elements to a creditor of the association pursuant to section 1603‑112, the holder of that security interest must exercise its right against the common elements

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Maine § 33 §1603-117 (Other liens affecting the condominium) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1981, c. 699 (NEW).

Nearby Sections

15
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