United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 13209: Exemption from execution, 2021

The corporation’s real and personal property, including funds, is exempt from execution, levy, sale, and related judgment liens, subject to stated exceptions.

execution exemptionmortgage enforcement

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01

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“The corporation’s real and personal property, including funds, is exempt from execution, levy, sale, and related judgment liens, subject to stated exceptions.”

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    Enacted 2021 · 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 corporation’s real and personal property, including funds, is exempt from execution, levy, sale, and related judgment liens, subject to stated exceptions.

Section 13209

04

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Source record from legislature.maine.gov · Enacted 2021 · Source version 1 Oct 2025

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§ 13209Exemption from executionProvision

The corporation’s real and personal property, including funds, is exempt from execution, levy, sale, and related judgment liens, subject to stated exceptions.

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).]
Section 13209Verify source

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  • 1 Oct 2025 · currentEnglish

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