Maine Revised Statutes

§1-1205. Reasonable time; seasonableness

(1).   Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose and circumstances of the action.
[ 2009, c. 325, Pt. A, §2 (NEW); 2009, c. 325, Pt. A, §4 (AFF) .]
(2).   An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.
[ 2009, c. 325, Pt. A, §2 (NEW); 2009, c. 325, Pt. A, §4 (AFF) .]
SECTION HISTORY
2009, c. 325, Pt. A, §2 (NEW). 2009, c. 325, Pt. A, §4 (AFF).