Current as of January 01, 2019 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Maine Revised Statutes Title 10. Commerce and Trade § 1382. Definitions - last updated January 01, 2019 | https://codes.findlaw.com/me/title-10-commerce-and-trade/me-rev-st-tit-10-sect-1382/
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