Maine § 1383. - Rights of judgment creditor of partner or transferee
Full text of Maine Maine Revised Statutes § 1383. — Rights of judgment creditor of partner or transferee, with citation guidance and answers to common questions.
§ 1383.. Rights of judgment creditor of partner or transferee
1. Court order charging transferable interest; rights of transferee. On application to a court of competent jurisdiction by any judgment creditor of a partner or transferee, the court may charge the transferable interest of the judgment debtor with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of a transferee. The court may appoint a receiver of the share of the distributions due or to become due to the judgment debtor in respect of the partnership and make all other orders, directions, accounts and inquiries the judgment debtor might have made or that the circumstances of the case may require to give effect to the charging order.
2. Charging order a lien; foreclosure; rights of transferee. A charging order constitutes a lien on the judgment debtor's transferable interest. The court may order a foreclosure upon the interest subject to the charging order at any time. The purchaser at the foreclosure sale has the rights of a transferee.
3. Redemption before foreclosure. At any time before foreclosure, an interest charged may be redeemed:
A. By the judgment debtor; [PL 2005, c. 543, Pt. C, §2 (NEW).]
B. With property other than limited partnership property, by one or more of the other partners; or [PL 2005, c. 543, Pt. C, §2 (NEW).]
C. With limited partnership property, by the limited partnership with the consent of all partners whose interests are not so charged. [PL 2005, c. 543, Pt. C, §2 (NEW).]
4. Exemption laws applicable. This chapter does not deprive any partner or transferee of the benefit of any exemption laws applicable to the partner's or transferee's transferable interest.
5. Exclusive remedy. This section provides the exclusive remedy by which a judgment creditor of a partner or transferee may satisfy a judgment out of the judgment debtor's transferable interest.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 1383.
What does Maine Revised Statutes § 1383. cover?
Section 1383. ("Rights of judgment creditor of partner or transferee") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 1383.?
A common citation format is "Maine Revised Statutes § 1383." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1383. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.