§1382. Definitions
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.
[PL 1993, c. 263, §1 (NEW).]
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.
[PL 1993, c. 263, §1 (NEW).]
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.
[PL 1993, c. 263, §1 (NEW).]
4.
Property.
"Property" means a boat, boat motor or boat trailer in storage at a facility.
[PL 1993, c. 263, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 263, §1 (NEW).