Maine § 335. - Execution satisfied from debts due; proceedings
Full text of Maine Maine Revised Statutes § 335. — Execution satisfied from debts due; proceedings, with citation guidance and answers to common questions.
§ 335.. Execution satisfied from debts due; proceedings
An officer, having an execution against a manufacturing corporation and unable to find property liable to seizure, or the creditor may elect to satisfy it in whole or in part by a debt due to the corporation not exceeding the amount due to the creditor. The person having custody of the evidence of such debt shall deliver it to the officer with a written transfer of the evidence to the officer for the use of the creditor, which constitutes an assignment of the debt, and the creditor, in the name of the corporation, may sue for and collect it, subject to any equitable counterclaim by the debtor. [RR 2025, c. 1, Pt. E, §2 (COR).]
Frequently Asked Questions About Maine § 335.
What does Maine Revised Statutes § 335. cover?
Section 335. ("Execution satisfied from debts due; proceedings") 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 § 335.?
A common citation format is "Maine Revised Statutes § 335." (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 § 335. 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.