Maine § 980-C. - Location or use of collateral

Full text of Maine Maine Revised Statutes § 980-C. — Location or use of collateral, with citation guidance and answers to common questions.

§ 980-C.. Location or use of collateral

The authority shall, by rulemaking pursuant to Title 5, chapter 375, subchapter II, establish for each program governed by or operated pursuant to this chapter requirements and limitations for assuring that any eligible project or collateral maintains minimum contact with the State. In the case of real estate, the authority shall require that the real estate be located within the State. The authority shall establish requirements and limitations pertaining to fishing or other vessels.   [PL 1985, c. 344, §26 (NEW).]

Source: official Maine text · Last verified 2026-08-27

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Frequently Asked Questions About Maine § 980-C.

What does Maine Revised Statutes § 980-C. cover?

Section 980-C. ("Location or use of collateral") 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 § 980-C.?

A common citation format is "Maine Revised Statutes § 980-C." (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 § 980-C. 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.