14 §4401. Items exempt (REPEALED)
§4401. Items exempt (REPEALED) SECTION HISTORY PL 1967, c. 412, §§2,3 (AMD). PL 1967, c. 496 (AMD). PL 1973, c. 377, §2 (AMD). PL 1973, c. 512, §1 (AMD). PL 1977, c. 453, §§1-3 (AMD). PL 1981, c. 431, §1 (RP).
14 §4402. Debtor’s interest exceeding interest exempt (REPEALED)
§4402. Debtor’s interest exceeding interest exempt (REPEALED) SECTION HISTORY PL 1977, c. 453, §4 (NEW). PL 1981, c. 431, §1 (RP).
14 §4421. Definitions
§4421. Definitions As used in this article, unless the context otherwise indicates, the following words have the following meanings. [PL 1981, c. 431, §2 (NEW).] 1. Dependent. “Dependent” includes a spouse, whether or not actually dependent. [PL 1981, c. 431, §2 (NEW).] 1-A. Debtor. “Debtor” means an individual debtor. [PL 1983, c. […]
14 §4422. Exempt property
§4422. Exempt property The following property is exempt from attachment and execution, except to the extent that it has been fraudulently conveyed by the debtor: [PL 2021, c. 382, §2 (AMD).] 1. Residence. A debtor’s residence. The exemption of a debtor’s residence is subject to this subsection. A. Except as provided in paragraph […]
14 §4423. Exempt property acquired within 90 days
§4423. Exempt property acquired within 90 days Notwithstanding section 4424, if within 90 days of the attachment, or, in a proceeding under the United States Code, Title 11, the date of the filing of the petition, the debtor transfers his nonexempt property and as a result acquires, improves or increases in value property otherwise exempt […]
14 §4424. Interest in excess of exemption
§4424. Interest in excess of exemption 1. Forced sale. If the debtor’s interest in any property exempt under section 4422 exceeds the exempt amount, the whole of the property may be sold. [PL 1981, c. 431, §2 (NEW).] 2. Distribution of proceeds. The proceeds of a sale under subsection 1 shall be distributed in […]
14 §4425. Exceptions
§4425. Exceptions 1. Residence. The debtor’s interest in a residence shall not be exempt from claims secured by real estate mortgages on or security interests in the residence or claims of lien creditors under Title 10, chapter 603. [PL 1981, c. 431, §2 (NEW).] 2. Other property. The debtor’s interest in other property shall […]
14 §4426. Exemptions in bankruptcy proceedings
§4426. Exemptions in bankruptcy proceedings Notwithstanding anything to the contrary in 11 United States Code, Section 522(b), a debtor may exempt from property of the debtor’s estate under 11 United States Code only that property exempt under 11 United States Code, Section 522(b)(3)(A) and (B), except that any debtor eligible for a residence exemption under […]
14 §4351. Sale of attached personal property
§4351. Sale of attached personal property When personal property is attached, the officer, by consent of the debtor and creditor, may sell it on the writ of attachment before or after filing in court, observing the directions for selling on execution. If it is attached by different officers, it may be so sold by the […]
14 §4352. Perishable goods; sale without consent
§4352. Perishable goods; sale without consent When personal property liable to perish, be wasted, greatly reduced in value by keeping or be kept at great expense is attached, and the parties do not consent to a sale thereof, the same may be ordered sold either before or after entry of the action, in accordance with […]