2012 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 9-A: TRANSACTIONS

Part 1: GENERAL PROVISIONSSubpart 1: SHORT TITLE, DEFINITIONS AND GENERAL CONCEPTS

11 §9-1101. Short title
11 §9-1102. Definitions and index of definitions
11 §9-1103. Purchase-money security interest; application of payments; burden of establishing
11 §9-1103-A. Production-money crops; production-money obligation; production-money security interest; burden of establishing
11 §9-1104. Control of deposit account
11 §9-1105. Control of electronic chattel paper
11 §9-1106. Control of investment property
11 §9-1107. Control of letter-of-credit right
11 §9-1108. Sufficiency of description

Subpart 2: APPLICABILITY OF ARTICLE

11 §9-1109. Scope
11 §9-1110. Security interests arising under Article 2 or 2-A

Part 2: EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENTSubpart 1: EFFECTIVENESS AND ATTACHMENT

11 §9-1201. General effectiveness of security agreement
11 §9-1202. Title to collateral immaterial
11 §9-1203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
11 §9-1204. After-acquired property; future advances
11 §9-1205. Use or disposition of collateral permissible
11 §9-1206. Security interest arising in purchase or delivery of financial asset

Subpart 2: RIGHTS AND DUTIES

11 §9-1207. Rights and duties of secured party having possession or control of collateral
11 §9-1208. Additional duties of secured party having control of collateral
11 §9-1209. Duties of secured party if account debtor has been notified of assignment
11 §9-1210. Request for accounting; request regarding list of collateral or statement of account

Part 3: PERFECTION AND PRIORITYSubpart 1: LAW GOVERNING PERFECTION AND PRIORITY

11 §9-1301. Law governing perfection and priority of security interests
11 §9-1302. Law governing perfection and priority of agricultural liens
11 §9-1303. Law governing perfection and priority of security interests in goods covered by certificate of title
11 §9-1304. Law governing perfection and priority of security interests in deposit accounts
11 §9-1305. Law governing perfection and priority of security interests in investment property
11 §9-1306. Law governing perfection and priority of security interests in letter-of-credit rights
11 §9-1307. Location of debtor

Subpart 2: PERFECTION

11 §9-1308. When security interest or agricultural lien is perfected; continuity of perfection
11 §9-1309. Security interest perfected upon attachment
11 §9-1310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
11 §9-1311. Perfection of security interests in property subject to certain statutes, regulations and treaties
11 §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
11 §9-1313. When possession by or delivery to secured party perfects security interest without filing
11 §9-1314. Perfection by control
11 §9-1315. Secured party's rights on disposition of collateral and in proceeds
11 §9-1316. Continued perfection of security interest following change in governing law

Subpart 3: PRIORITY

11 §9-1317. Interests that take priority over or take free of security interest or agricultural lien
11 §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
11 §9-1319. Rights and title of consignee with respect to creditors and purchasers
11 §9-1320. Buyer of goods
11 §9-1321. Licensee of general intangible and lessee of goods in ordinary course of business
11 §9-1322. Priorities among conflicting security interests in and agricultural liens on same collateral
11 §9-1323. Future advances
11 §9-1324. Priority of purchase-money security interests
11 §9-1324-A. Priority of production-money security interests and agricultural liens
11 §9-1325. Priority of security interests in transferred collateral
11 §9-1326. Priority of security interests created by new debtor
11 §9-1327. Priority of security interests in deposit account
11 §9-1328. Priority of security interests in investment property
11 §9-1329. Priority of security interests in letter-of-credit right
11 §9-1330. Priority of purchaser of chattel paper or instrument
11 §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
11 §9-1332. Transfer of money; transfer of funds from deposit account
11 §9-1333. Priority of certain liens arising by operation of law
11 §9-1334. Priority of security interests in fixtures and crops
11 §9-1335. Accessions
11 §9-1336. Commingled goods
11 §9-1337. Priority of security interests in goods covered by certificate of title
11 §9-1338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
11 §9-1339. Priority subject to subordination

Subpart 4: RIGHTS OF BANK

11 §9-1340. Effectiveness of right of recoupment or setoff against deposit account
11 §9-1341. Bank's rights and duties with respect to deposit account
11 §9-1342. Bank's right to refuse to enter into or disclose existence of control agreement

Part 4: RIGHTS OF 3RD PARTIES

11 §9-1401. Alienability of debtor's rights
11 §9-1402. Secured party not obligated on contract of debtor or in tort
11 §9-1403. Agreement not to assert defenses against assignee
11 §9-1404. Rights acquired by assignee; claims and defenses against assignee
11 §9-1405. Modification of assigned contract
11 §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
11 §9-1407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
11 §9-1408. Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective
11 §9-1409. Restrictions on assignment of letter-of-credit rights ineffective

Part 5: FILINGSubpart 1: FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT

11 §9-1501. Filing office
11 §9-1502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
11 §9-1503. Name of debtor and secured party
11 §9-1504. Indication of collateral
11 §9-1505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
11 §9-1506. Effect of errors or omissions
11 §9-1507. Effect of certain events on effectiveness of financing statement
11 §9-1508. Effectiveness of financing statement if new debtor becomes bound by security agreement
11 §9-1509. Persons entitled to file a record
11 §9-1510. Effectiveness of filed record
11 §9-1511. Secured party of record
11 §9-1512. Amendment of financing statement
11 §9-1513. Termination statement
11 §9-1514. Assignment of powers of secured party of record
11 §9-1515. Duration and effectiveness of financing statement; effect of lapsed financing statement
11 §9-1516. What constitutes filing; effectiveness of filing
11 §9-1517. Effect of indexing errors
11 §9-1518. Claim concerning inaccurate or wrongfully filed record

Subpart 2: DUTIES AND OPERATION OF FILING OFFICE

11 §9-1519. Numbering, maintaining and indexing records; communicating information provided in records
11 §9-1520. Acceptance and refusal to accept record
11 §9-1521. Uniform form of written financing statement and amendment
11 §9-1522. Maintenance and destruction of records
11 §9-1523. Information from filing office; sale or license of records
11 §9-1524. Delay by filing office
11 §9-1525. Fees
11 §9-1526. Filing-office rules

Part 6: DEFAULTSubpart 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

11 §9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
11 §9-1602. Waiver and variance of rights and duties
11 §9-1603. Agreement on standards concerning rights and duties
11 §9-1604. Procedure if security agreement covers real property or fixtures
11 §9-1605. Unknown debtor or secondary obligor
11 §9-1606. Time of default for agricultural lien
11 §9-1607. Collection and enforcement by secured party
11 §9-1608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
11 §9-1609. Secured party's right to take possession after default
11 §9-1610. Disposition of collateral after default
11 §9-1611. Notification before disposition of collateral
11 §9-1612. Timeliness of notification before disposition of collateral
11 §9-1613. Contents and form of notification before disposition of collateral: general
11 §9-1614. Contents and form of notification before disposition of collateral: consumer-goods transaction
11 §9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus
11 §9-1616. Explanation of calculation of surplus or deficiency
11 §9-1617. Rights of transferee of collateral
11 §9-1618. Rights and duties of certain secondary obligors
11 §9-1619. Transfer of record or legal title
11 §9-1620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
11 §9-1621. Notification of proposal to accept collateral
11 §9-1622. Effect of acceptance of collateral
11 §9-1623. Right to redeem collateral
11 §9-1624. Waiver

Subpart 2: NONCOMPLIANCE WITH ARTICLE

11 §9-1625. Remedies for secured party's failure to comply with Article
11 §9-1626. Action in which deficiency or surplus is in issue
11 §9-1627. Determination of whether conduct was commercially reasonable
11 §9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor

Part 7: TRANSITION

11 §9-1701. Effective date
11 §9-1702. Savings clause
11 §9-1703. Security interest perfected before effective date
11 §9-1704. Security interest unperfected before effective date
11 §9-1705. Effectiveness of action taken before effective date
11 §9-1706. When initial financing statement suffices to continue effectiveness of financing statement
11 §9-1707. Amendment of preeffective-date financing statement
11 §9-1708. Persons entitled to file initial financing statement or continuation statement
11 §9-1709. Priority

Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

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