| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 14 MRSA §4422, sub-§1, ¶A, as amended by PL 1991, c. 741, §1, | is further amended to read: |
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| A. Except as provided in paragraph B, the debtor's | aggregate interest, not to exceed $12,500 $25,000 in value, | in real or personal property that the debtor or a dependent | of the debtor uses as a residence, in a cooperative that | owns property that the debtor or a dependent of the debtor | uses as a residence, or in a burial plot for the debtor or a | dependent of the debtor, provided that if minor dependents | of the debtor have their principal place of residence with | the debtor, the debtor's aggregate interest may not exceed | $25,000 $50,000 and provided further that if the debtor's | interest is held jointly with any other person or persons, | the exemption may not exceed in value the lesser of $12,500 | $25,000 or the product of the debtor's fractional share | times $25,000 $50,000. |
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| | Sec. 2. 14 MRSA §4422, sub-§2, as amended by PL 1991, c. 741, §2, is | further amended to read: |
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| | 2. Motor vehicle. The debtor's interest, not to exceed $2,500 | $5,000 in value, in one motor vehicle. |
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| | Sec. 3. 14 MRSA §4422, sub-§13, ¶D, as enacted by PL 1981, c. 431, §2, | is amended to read: |
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| D. Alimony, support or separate maintenance, to the extent | reasonably necessary for the support of the debtor and any | dependent of the debtor; or |
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| | Sec. 4. 14 MRSA §4422, sub-§13, ¶E, as amended by PL 1995, c. 35, §1, | is further amended to read: |
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| E. A payment or account under a stock bonus, pension, | profitsharing, annuity, individual retirement account or | similar plan or contract on account of illness, disability, | death, age or length of service, to the extent reasonably | necessary for the support of the debtor and any dependent of | the debtor, unless: |
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| (1) The plan or contract was established by or under | the auspices of an insider that employed the debtor at | the time the debtor's rights under the plan or contract | arose; |
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| (2) The payment is on account of age or length of | service; and |
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