Maine § 853. - Reimbursement
Full text of Maine Maine Revised Statutes § 853. — Reimbursement, with citation guidance and answers to common questions.
§ 853.. Reimbursement
If they are not reimbursed by the profits of the mill or paid by the other owners within 6 months after the work is completed, they may charge 1% a month on the amount advanced, from the end of 6 months until so reimbursed. If a delinquent owner dies or alienates the delinquent owner's interest in the premises, the advancing owners have a continuing lien thereon for reimbursement. Any special contract made by the owners respecting the building or repair of such mill or dam is not hereby affected. [RR 2021, c. 2, Pt. B, §256 (COR).]
Frequently Asked Questions About Maine § 853.
What does Maine Revised Statutes § 853. cover?
Section 853. ("Reimbursement") 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 § 853.?
A common citation format is "Maine Revised Statutes § 853." (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 § 853. 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.