79 chapters · 981 sections in this title.
14 M.R.S. § 3571 Short title
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This chapter may be cited as the Uniform Fraudulent Transfer Act.
14 M.R.S. § 3572 Definitions
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As used in this Act, unless the context otherwise indicates, the following terms have the following meanings. [PL 1985, c. 641, §3 (NEW).] 1. Affiliate. "Affiliate" means: A. A person who directly or indirectly owns, controls or holds with power to vote, 20% or more of the outsta…
14 M.R.S. § 3573 Insolvency
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1. Debts greater than assets. A debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets at a fair valuation. 2. Presumption of insolvency. A debtor who is generally not paying his debts as they become due is presumed to be insolvent. 3. Par…
14 M.R.S. § 3574 Value
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1. Value defined. Value is given for a transfer or an obligation if in exchange for the transfer or obligation property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of th…