Maine Statutes
§ 33 §1603-117 — Other liens affecting the condominium
(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
Free access — add to your briefcase to read the full text and ask questions with AI
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
§ 33 §1603-101
Organization of unit owners' association§ 33 §1603-102
Powers of unit owners' association§ 33 §1603-103
Executive board members and officers; declarant control§ 33 §1603-104
Transfer of special declarant rights§ 33 §1603-105
Termination of contracts and leases of declarant§ 33 §1603-106
Bylaws§ 33 §1603-107
Upkeep of the condominium§ 33 §1603-108
Meetings§ 33 §1603-109
Quorums§ 33 §1603-110
Voting; proxies§ 33 §1603-111
Tort and contract liability§ 33 §1603-112
Alienation of common elements§ 33 §1603-113
Insurance§ 33 §1603-114
Surplus funds§ 33 §1603-115
Assessments for common expenses