United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 13080-I: Exemption from execution, 1993

The authority’s property and funds are exempt from execution, levy, and sale.

execution exemptionlien enforcementmortgage enforcement

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“The authority’s property and funds are exempt from execution, levy, and sale.”

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    Enacted 1993 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Exemption from execution

The authority’s property and funds are exempt from execution, levy, and sale.

Section 13080-I

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Source record from legislature.maine.gov · Enacted 1993 · Source version 1 Oct 2025

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Provision
§ 13080-IExemption from executionProvision

The authority’s property and funds are exempt from execution, levy, and sale.

1. Property exempt from execution. The property, including funds, of the authority is exempt from levy and sale by virtue of an execution. An execution or other judicial process may not be issued against the authority's property and a judgment against the authority may not be a charge or lien upon its property. [PL 1993, c. 474, §1 (NEW).] 2. Construction; limitation of application. This section does not: A. Prohibit the authority from making payments in lieu of taxes to the municipality; or [PL 1993, c. 474, §1 (NEW).] B. Apply to or limit the right of an obligee to foreclose or otherwise enforce a mortgage of the authority or to pursue remedies for the enforcement of a pledge or lien given by the authority on its rents, fees, grants or revenues or any other sources pledged by the authority to the payment of its bonds. [PL 2003, c. 598, §8 (AMD).] [PL 2003, c. 598, §8 (AMD).]
Section 13080-IVerify source

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  • 1 Oct 2025 · currentEnglish

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