Maine Revised Statutes Title 30-A Sec. 3960 – Definitions
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As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1993, c. 59, §1 (NEW).]
1. Pawn transaction. “Pawn transaction” means the lending of money on the security of pledged tangible personal property that is delivered to a pawnbroker and held by the pawnbroker. The term also includes the purchase of tangible personal property on the condition that it may be repurchased by the seller for a fixed price within a fixed period of time.
[PL 1997, c. 155, Pt. E, §1 (AMD).]
Terms Used In Maine Revised Statutes Title 30-A Sec. 3960
- Pawn transaction: means the lending of money on the security of pledged tangible personal property that is delivered to a pawnbroker and held by the pawnbroker. See Maine Revised Statutes Title 30-A Sec. 3960
- Pawnbroker: means a person who engages in pawn transactions. See Maine Revised Statutes Title 30-A Sec. 3960
- Person: means an individual, corporation, partnership, firm, organization or other legal entity. See Maine Revised Statutes Title 30-A Sec. 2001
- Personal property: All property that is not real property.
- Real estate: means land and structures attached to it. See Maine Revised Statutes Title 30-A Sec. 2001
- Tangible personal property: includes motor vehicles, but does not include documents evidencing title to motor vehicles. See Maine Revised Statutes Title 30-A Sec. 3960
2. Pawnbroker. “Pawnbroker” means a person who engages in pawn transactions.
[PL 1993, c. 59, §1 (NEW).]
3. Tangible personal property. “Tangible personal property” includes motor vehicles, but does not include documents evidencing title to motor vehicles. The term also does not include checks, drafts or similar instruments or real estate.
[PL 1997, c. 155, Pt. E, §2 (NEW).]
SECTION HISTORY
PL 1993, c. 59, §1 (NEW). PL 1997, c. 155, §§E1,2 (AMD).