Maine Revised Statutes Title 10 Sec. 1382 – Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1993, c. 263, §1 (NEW).]
1. Default. “Default” means the failure to pay obligations incurred by the storage of a boat, boat motor or boat trailer.
[PL 1993, c. 263, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 10 Sec. 1382
- Default: means the failure to pay obligations incurred by the storage of a boat, boat motor or boat trailer. See Maine Revised Statutes Title 10 Sec. 1382
- Facility: means a marina, boatyard or marine repair facility that provides, as part of its commercial operation, the storage of boats, boat motors or boat trailers. See Maine Revised Statutes Title 10 Sec. 1382
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: means a boat, boat motor or boat trailer in storage at a facility. See Maine Revised Statutes Title 10 Sec. 1382
2. Facility. “Facility” means a marina, boatyard or marine repair facility that provides, as part of its commercial operation, the storage of boats, boat motors or boat trailers.
[PL 1993, c. 263, §1 (NEW).]
3. Lienholder. “Lienholder” or “lienholder of record” means a person who claims an interest in or lien on the property pursuant to a financing statement filed with the Secretary of State or other public filing.
[PL 1993, c. 263, §1 (NEW).]
4. Property. “Property” means a boat, boat motor or boat trailer in storage at a facility.
[PL 1993, c. 263, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 263, §1 (NEW).