§6325. Exceptions

Link to law: http://legislature.maine.gov/legis/statutes/14/title14sec6325.html
Published: 2015

§6325. Exceptions






The method of foreclosure set forth in sections 6321 to 6324 may be used for the foreclosure
of all real property mortgages, except for railroad mortgages, so called, or for indentures
or deeds of trust securing bond issues of corporations wherein the method of foreclosure
or sale is provided in the indenture or deed of trust or any similar instrument; provided
that any such railroad mortgage, corporate indenture, deed of trust or similar instrument
executed subsequent to January 1, 1976, shall be subject to this subchapter unless
the applicability of this chapter is expressly negated in such instrument. The method
of foreclosure set forth in sections 6321 to 6324 shall not apply to tax lien mortgages
created under Title 36. [1981, c. 698, §87 (AMD).]





SECTION HISTORY

1975, c. 552, §5 (NEW).
1977, c. 564, §70 (AMD).
1981, c. 698, §87 (AMD).
Read Entire Law on legislature.maine.gov