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

Me. Rev. Stat. tit. 14, § 4423 (2026)

Exempt property acquired within 90 days

✓ current as of May 2026
Find cases: SyfertCases citing this section ME-LEGlegislature.maine.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar
Notwithstanding section 4424, if within 90 days of the attachment, or, in a proceeding under the United States Code, Title 11, the date of the filing of the petition, the debtor transfers his nonexempt property and as a result acquires, improves or increases in value property otherwise exempt under section 4422, his interest shall not be exempt to the extent that the acquisition, improvement or increase in value exceeds the reasonable needs of the debtor or his dependents.   [PL 1983, c. 480, Pt. A, §9 (AMD).]
SECTION HISTORY
PL 1981, c. 431, §2 (NEW). PL 1983, c. 480, §A9 (AMD).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.
Notes of Decisions
Cited in 2 cases, 1991–1993 · leading case: Saturley v. Casco N. Bank, N.A. (In Re Saturley), 149 B.R. 245 (Bankr. D. Me. 1993).
Sort: Relevance Newest Treatment
Saturley v. Casco N. Bank, N.A. (In Re Saturley), 149 B.R. 245 (Bankr. D. Me. 1993). “” See 14 M.R.S.A. § 4423 (eliminating exemption rights in property acquired as a result of a transfer of nonexempt property within 90 days of bankruptcy to the extent that the improvement or increase in value of exempt property exceeds the "reasonable needs” of the debtor or his…”
In Re Kingsbury, 124 B.R. 146 (Bankr. D. Me. 1991). “” 14 M.R.S.A. § 4423. 14 . Maine’s version of Article 9 of the Uniform Commercial Code, enacted at 11 M.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.