2005 Maine Code - Article 9-A — TRANSACTIONS (HEADING: PL 1999, c. 699, Pt. A, §2 (new)) (§9-1101 -  §9-1709)

Subchapter 1: SHORT TITLE, DEFINITIONS AND GENERAL CONCEPTS (HEADING: PL 1999, c. 699, Pt. A, §2 (new))

• §9-1101 — Short title
• §9-1102 — Definitions and index of definitions
• §9-1103 — Purchase-money security interest; application of payments; burden of establishing
• §9-1103-A — Production-money crops; production-money obligation; production-money security interest; burden of establishing
• §9-1104 — Control of deposit account
• §9-1105 — Control of electronic chattel paper
• §9-1106 — Control of investment property
• §9-1107 — Control of letter-of-credit right
• §9-1108 — Sufficiency of description

• §9-1109 — Scope
• §9-1110 — Security interests arising under Article 2 or 2-A

Subchapter 1: EFFECTIVENESS AND ATTACHMENT (HEADING: PL 1999, c. 699, Pt. A, §2 (new))

• §9-1201 — General effectiveness of security agreement
• §9-1202 — Title to collateral immaterial
• §9-1203 — Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
• §9-1204 — After-acquired property; future advances
• §9-1205 — Use or disposition of collateral permissible
• §9-1206 — Security interest arising in purchase or delivery of financial asset

• §9-1207 — Rights and duties of secured party having possession or control of collateral
• §9-1208 — Additional duties of secured party having control of collateral
• §9-1209 — Duties of secured party if account debtor has been notified of assignment
• §9-1210 — Request for accounting; request regarding list of collateral or statement of account

Subchapter 1: LAW GOVERNING PERFECTION AND PRIORITY (HEADING: PL 1999, c. 699, Pt. A, §2 (new))

• §9-1301 — Law governing perfection and priority of security interests
• §9-1302 — Law governing perfection and priority of agricultural liens
• §9-1303 — Law governing perfection and priority of security interests in goods covered by certificate of title
• §9-1304 — Law governing perfection and priority of security interests in deposit accounts
• §9-1305 — Law governing perfection and priority of security interests in investment property
• §9-1306 — Law governing perfection and priority of security interests in letter-of-credit rights
• §9-1307 — Location of debtor

• §9-1308 — When security interest or agricultural lien is perfected; continuity of perfection
• §9-1309 — Security interest perfected upon attachment
• §9-1310 — When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
• §9-1311 — Perfection of security interests in property subject to certain statutes, regulations and treaties
• §9-1312 — Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money; perfection by permissive filing; temporary perfection without filing or transfer of possession
• §9-1313 — When possession by or delivery to secured party perfects security interest without filing
• §9-1314 — Perfection by control
• §9-1315 — Secured party's rights on disposition of collateral and in proceeds
• §9-1316 — Continued perfection of security interest following change in governing law

• §9-1317 — Interests that take priority over or take free of security interest or agricultural lien
• §9-1318 — No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
• §9-1319 — Rights and title of consignee with respect to creditors and purchasers
• §9-1320 — Buyer of goods
• §9-1321 — Licensee of general intangible and lessee of goods in ordinary course of business
• §9-1322 — Priorities among conflicting security interests in and agricultural liens on same collateral
• §9-1323 — Future advances
• §9-1324 — Priority of purchase-money security interests
• §9-1324-A — Priority of production-money security interests and agricultural liens
• §9-1325 — Priority of security interests in transferred collateral
• §9-1326 — Priority of security interests created by new debtor
• §9-1327 — Priority of security interests in deposit account
• §9-1328 — Priority of security interests in investment property
• §9-1329 — Priority of security interests in letter-of-credit right
• §9-1330 — Priority of purchaser of chattel paper or instrument
• §9-1331 — Priority of rights of purchasers of instruments, documents and securities under other Articles; priority of interests in financial assets and security entitlements under Article 8
• §9-1332 — Transfer of money; transfer of funds from deposit account
• §9-1333 — Priority of certain liens arising by operation of law
• §9-1334 — Priority of security interests in fixtures and crops
• §9-1335 — Accessions
• §9-1336 — Commingled goods
• §9-1337 — Priority of security interests in goods covered by certificate of title
• §9-1338 — Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
• §9-1339 — Priority subject to subordination

• §9-1340 — Effectiveness of right of recoupment or setoff against deposit account
• §9-1341 — Bank's rights and duties with respect to deposit account
• §9-1342 — Bank's right to refuse to enter into or disclose existence of control agreement

• §9-1401 — Alienability of debtor's rights
• §9-1402 — Secured party not obligated on contract of debtor or in tort
• §9-1403 — Agreement not to assert defenses against assignee
• §9-1404 — Rights acquired by assignee; claims and defenses against assignee
• §9-1405 — Modification of assigned contract
• §9-1406 — Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
• §9-1407 — Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
• §9-1408 — Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective
• §9-1409 — Restrictions on assignment of letter-of-credit rights ineffective

Subchapter 1: FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT (HEADING: PL 1999, c. 699, Pt. A, §2 (new))

• §9-1501 — Filing office
• §9-1502 — Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
• §9-1503 — Name of debtor and secured party
• §9-1504 — Indication of collateral
• §9-1505 — Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
• §9-1506 — Effect of errors or omissions
• §9-1507 — Effect of certain events on effectiveness of financing statement
• §9-1508 — Effectiveness of financing statement if new debtor becomes bound by security agreement
• §9-1509 — Persons entitled to file a record
• §9-1510 — Effectiveness of filed record
• §9-1511 — Secured party of record
• §9-1512 — Amendment of financing statement
• §9-1513 — Termination statement
• §9-1514 — Assignment of powers of secured party of record
• §9-1515 — Duration and effectiveness of financing statement; effect of lapsed financing statement
• §9-1516 — What constitutes filing; effectiveness of filing
• §9-1517 — Effect of indexing errors
• §9-1518 — Claim concerning inaccurate or wrongfully filed record

• §9-1519 — Numbering, maintaining and indexing records; communicating information provided in records
• §9-1520 — Acceptance and refusal to accept record
• §9-1521 — Uniform form of written financing statement and amendment
• §9-1522 — Maintenance and destruction of records
• §9-1523 — Information from filing office; sale or license of records
• §9-1524 — Delay by filing office
• §9-1525 — Fees
• §9-1526 — Filing-office rules

Subchapter 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST (HEADING: PL 1999, c. 699, Pt. A, §2 (new))

• §9-1601 — Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
• §9-1602 — Waiver and variance of rights and duties
• §9-1603 — Agreement on standards concerning rights and duties
• §9-1604 — Procedure if security agreement covers real property or fixtures
• §9-1605 — Unknown debtor or secondary obligor
• §9-1606 — Time of default for agricultural lien
• §9-1607 — Collection and enforcement by secured party
• §9-1608 — Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
• §9-1609 — Secured party's right to take possession after default
• §9-1610 — Disposition of collateral after default
• §9-1611 — Notification before disposition of collateral
• §9-1612 — Timeliness of notification before disposition of collateral
• §9-1613 — Contents and form of notification before disposition of collateral: general
• §9-1614 — Contents and form of notification before disposition of collateral: consumer-goods transaction
• §9-1615 — Application of proceeds of disposition; liability for deficiency and right to surplus
• §9-1616 — Explanation of calculation of surplus or deficiency
• §9-1617 — Rights of transferee of collateral
• §9-1618 — Rights and duties of certain secondary obligors
• §9-1619 — Transfer of record or legal title
• §9-1620 — Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
• §9-1621 — Notification of proposal to accept collateral
• §9-1622 — Effect of acceptance of collateral
• §9-1623 — Right to redeem collateral
• §9-1624 — Waiver

• §9-1625 — Remedies for secured party's failure to comply with Article
• §9-1626 — Action in which deficiency or surplus is in issue
• §9-1627 — Determination of whether conduct was commercially reasonable
• §9-1628 — Nonliability and limitation on liability of secured party; liability of secondary obligor

• §9-1701 — Effective date
• §9-1702 — Savings clause
• §9-1703 — Security interest perfected before effective date
• §9-1704 — Security interest unperfected before effective date
• §9-1705 — Effectiveness of action taken before effective date
• §9-1706 — When initial financing statement suffices to continue effectiveness of financing statement
• §9-1707 — Amendment of preeffective-date financing statement
• §9-1708 — Persons entitled to file initial financing statement or continuation statement
• §9-1709 — Priority