Maine Revised Statutes Title 38 Sec. 3010 – Amendment or termination by consent
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1. Amendment or termination. An environmental covenant may be amended or terminated by consent only if the amendment or termination is signed by:
A. The agency; [PL 2005, c. 370, §1 (NEW).]
B. Unless waived by the agency, the current owner of the fee simple of the real property subject to the covenant; [PL 2005, c. 370, §1 (NEW).]
C. Each person that originally signed the covenant, unless the person waived in a signed record the right to consent or a court finds that the person no longer exists or cannot be located or identified with the exercise of reasonable diligence; and [PL 2005, c. 370, §1 (NEW).]
D. The holder, unless the holder waived in a signed record the right to consent or except as otherwise provided in subsection 4, paragraph B. [PL 2005, c. 370, §1 (NEW).]
[PL 2005, c. 370, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 38 Sec. 3010
- Agency: means the department or any legal successor or any other state or federal agency that determines or approves the environmental response project pursuant to which the environmental covenant is created. See Maine Revised Statutes Title 38 Sec. 3002
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- covenant: means a servitude arising under an environmental response project and documented in a recordable instrument that imposes activity and use limitations. See Maine Revised Statutes Title 38 Sec. 3002
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Holder: means the grantee of an environmental covenant as specified in section 3003, subsection 1. See Maine Revised Statutes Title 38 Sec. 3002
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government, governmental subdivision, agency, instrumentality or any other legal or commercial entity. See Maine Revised Statutes Title 38 Sec. 3002
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. Effect of amendment of covenant. If an interest in real property is subject to an environmental covenant, the interest is not affected by an amendment of the covenant unless the current owner of the interest consents to the amendment or has waived in a signed record the right to consent to amendments.
[PL 2005, c. 370, §1 (NEW).]
3. Assignment to new holder. Except for an assignment undertaken pursuant to a governmental reorganization, assignment of an environmental covenant to a new holder is an amendment.
[PL 2005, c. 370, §1 (NEW).]
4. Assignment by holder; removal and replacement of holder. Except as otherwise provided in an environmental covenant:
A. A holder may not assign its interest without consent of the other parties; and [PL 2005, c. 370, §1 (NEW).]
B. A holder may be removed and replaced by agreement of the other parties specified in subsection 1. [PL 2005, c. 370, §1 (NEW).]
[PL 2005, c. 370, §1 (NEW).]
5. Vacancy filled by court. A court of competent jurisdiction may fill a vacancy in the position of holder.
[PL 2005, c. 370, §1 (NEW).]
SECTION HISTORY
PL 2005, c. 370, §1 (NEW).