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Maine Revised Statutes Title 10. Commerce and Trade § 1382. Definitions

Current as of January 01, 2022 | Updated by FindLaw Staff

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1. Default. “Default” means the failure to pay obligations incurred by the storage of a boat, boat motor or boat trailer.

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.

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.

4. Property. “Property” means a boat, boat motor or boat trailer in storage at a facility.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 10. Commerce and Trade § 1382. Definitions - last updated January 01, 2022 | https://codes.findlaw.com/me/title-10-commerce-and-trade/me-rev-st-tit-10-sect-1382/

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