Me. Rev. Stat. » Title 14
Maine Revised Statutes

Me. Rev. Stat. tit. 14, § 14 (2026)

Release with reservation of rights

✓ current as of May 2026
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Subject to section 13, the obligee's release or discharge of one or more of several obligors, or of one or more of joint, or of joint and several obligors shall not discharge co-obligors, against whom the obligee in writing and as part of the same transaction as the release or discharge, expressly reserves his rights; and in the absence of such a reservation of rights shall discharge co-obligors only to the extent provided in section 15.   [PL 1965, c. 351, §1 (NEW).]
SECTION HISTORY
PL 1965, c. 351, §1 (NEW).
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Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2021–2021 · leading case: Us Bank Nat'l Ass'n as Tr. for Speciality Underwriting & Residential Fin. Trust Mortg. Loan Asset-backed Certificates Series 2006-bc2 v. Thomes (D. Me. 2021).
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Us Bank Nat'l Ass'n as Tr. for Speciality Underwriting & Residential Fin. Trust Mortg. Loan Asset-backed Certificates Series 2006-bc2 v. Thomes (D. Me. 2021). “See 14 M.R.S. § 14(1). There is nothing to suggest that those rights were reinstated after the foreclosure sale took place but before the deed was transferred to U.”
— Me. Rev. Stat. tit. 14, § 14(1) — 1 case
Us Bank Nat'l Ass'n as Tr. for Speciality Underwriting & Residential Fin. Trust Mortg. Loan Asset-backed Certificates Series 2006-bc2 v. Thomes (D. Me. 2021). “See 14 M.R.S. § 14(1). There is nothing to suggest that those rights were reinstated after the foreclosure sale took place but before the deed was transferred to U.”
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