There Is a Newer Version
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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 14: COURT PROCEDURE -- CIVIL
Chapter 403: TITLE TO REAL ESTATE BY LEVY OF EXECUTION
14 §2015. Debt assigned; estate held in trust for assignee
Universal Citation:
14 ME Rev Stat § 2015 (2011 through 125th Legis)
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Part 4: PROCEEDING AFTER VERDICT OR JUDGMENT
Subchapter 2: LEVY BY APPRAISEMENT
§2015. Debt assigned; estate held in trust for assignee
When the debt has been previously assigned for a valuable consideration, the creditor named in the execution holds an estate levied on to satisfy it in trust for his assignee, who is entitled to a conveyance thereof, which may be enforced by a civil action.
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