As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1993, c. 263, §1 (NEW).]
1. Default. "Default" means the failure to pay obligations incurred by the storage of a boat, boat motor or boat trailer.
2. Facility. "Facility" means a marina, boatyard or marine repair facility that provides, as part of its commercial operation, the storage of boats, boat motors or boat trailers.
3. Lienholder. "Lienholder" or "lienholder of record" means a person who claims an interest in or lien on the property pursuant to a financing statement filed with the Secretary of State or other public filing.
4. Property. "Property" means a boat, boat motor or boat trailer in storage at a facility.