Maine § 2253. - Redemption of property by creditor seizing right; repayment from proceeds of sale
Full text of Maine Maine Revised Statutes § 2253. — Redemption of property by creditor seizing right; repayment from proceeds of sale, with citation guidance and answers to common questions.
§ 2253.. Redemption of property by creditor seizing right; repayment from proceeds of sale
When a creditor has seized on execution a right that would expire within 60 days, to redeem from a mortgage, sale or levy on execution, he may pay or tender to the person entitled thereto the amount which the debtor would have to pay to redeem the same. The officer selling such right shall first pay from the proceeds of sale the amount so paid by the creditor with interest, unless the debtor has paid it. The residue, if any, shall be applied in satisfaction of the execution.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 2253.
What does Maine Revised Statutes § 2253. cover?
Section 2253. ("Redemption of property by creditor seizing right; repayment from proceeds of sale") 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 § 2253.?
A common citation format is "Maine Revised Statutes § 2253." (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 § 2253. 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.