Maine Code § 5-13209

Exemption from execution
Open in Lexace · Ask the AI about this section
1. Property exempt from execution. The real and personal property, including funds, of the
corporation is exempt from levy and sale by virtue of an execution. An execution or other judicial
process may not be issued against the corporation's real and personal property, and a judgment against
the corporation may not be a charge or lien upon its real and personal property.
[PL 2021, c. 631, §1 (NEW).]
2. Construction; limitation of application. This section does not:
A. Prohibit the corporation from making payments in lieu of taxes to a municipality; or [PL 2021,
c. 631, §1 (NEW).]
B. Apply to or limit the right of an obligee to foreclose or otherwise enforce a mortgage of the
corporation or to pursue remedies for the enforcement of a pledge or lien given by the corporation
on its rents, fees, grants, revenues or other sources pledged by the corporation to the payment of its
bonds. [PL 2021, c. 631, §1 (NEW).]
[PL 2021, c. 631, §1 (NEW).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.