Maine § 3260. - Deficiency; judgment for balance
Full text of Maine Maine Revised Statutes § 3260. — Deficiency; judgment for balance, with citation guidance and answers to common questions.
§ 3260.. Deficiency; judgment for balance
If the proceeds of the sale after payment of costs and expenses of sale are insufficient to pay the lien claims and costs in full, the court may render judgment against the debtor in favor of each individual lienor for the balance of the individual lienor's claim and costs remaining unpaid and may issue executions for the judgments. If the proceeds of sale, after the payment of costs and expenses of sale, are more than sufficient to pay the lien claims and all costs in full, the balance remaining must be paid to the person or persons legally or equitably entitled to the remaining balance. [RR 2023, c. 2, Pt. C, §73 (COR).]
Frequently Asked Questions About Maine § 3260.
What does Maine Revised Statutes § 3260. cover?
Section 3260. ("Deficiency; judgment for balance") 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 § 3260.?
A common citation format is "Maine Revised Statutes § 3260." (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 § 3260. 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.