Maine § 607. - Insolvent person's personal property
Full text of Maine Maine Revised Statutes § 607. — Insolvent person's personal property, with citation guidance and answers to common questions.
§ 607.. Insolvent person's personal property
If a person assessed for a personal property tax has made an assignment for the benefit of creditors or has gone into receivership before the payment of that personal property tax, the assignee or receiver must, from any money that has come to the assignee's or receiver's hands in such capacity over and above the reasonable expense of administration, pay the personal property tax so assessed to the extent of such money. In default of such payment the assignee or receiver is personally liable for the tax to the extent of the money that passed through the assignee's or receiver's hands. [PL 2025, c. 113, Pt. D, §15 (AMD).]
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 607.
What does Maine Revised Statutes § 607. cover?
Section 607. ("Insolvent person's personal property") 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 § 607.?
A common citation format is "Maine Revised Statutes § 607." (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 § 607. 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.