§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).
Structure Maine Revised Statutes
TITLE 29-A: MOTOR VEHICLES AND TRAFFIC
Subchapter 3: SECURITY INTEREST
29-A §701. Creation of security interests
29-A §702. Perfecting security interest
29-A §704. Assignment of security interest
29-A §705. Release of security interest
29-A §706. Lienholder to furnish information