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Terms Used In Maine Revised Statutes Title 11 Sec. 4-111

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
An action to enforce an obligation, duty or right arising under this Article must be commenced within 3 years after the cause of action accrues. [PL 1993, c. 293, Pt. B, §17 (NEW).]
SECTION HISTORY

PL 1993, c. 293, §B17 (NEW).