Me. Stat. tit. 11 § 1-1205

Current through 131st (2023-2024) Legislature Chapter 634

Section 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).]

11 M.R.S. § 1-1205

2009, c. 325, Pt. A, §2 (NEW) . 2009, c. 325, Pt. A, §4 (AFF) .