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29-A §703. Exemptions

29-A ME Rev Stat § 703 (2019) (N/A)
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§703. Exemptions

This subchapter does not affect:   [PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]

1.  Liens for services or materials.  A lien given by statute or rule of law to a supplier of services or materials for the vehicle;

[PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]

2.  Government lien.  A lien given by statute to the United States, this State or a political subdivision of this State;

[PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]

3.  Salvage lien.  A lien given for a salvage vehicle, except when the vehicle is repaired or rebuilt for operation on a public way; or

[PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]

4.  Manufacturer's lien.  A security interest created by a manufacturer or dealer who holds the vehicle for sale. A buyer in the ordinary course of trade from the manufacturer or dealer takes free of this security interest.

[PL 1993, c. 683, Pt. A, §2 (NEW); PL 1993, c. 683, Pt. B, §5 (AFF).]

SECTION HISTORY

PL 1993, c. 683, §A2 (NEW). PL 1993, c. 683, §B5 (AFF).

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29-A §704. Assignment of security interest