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Me. Rev. Stat. tit. 11, § 15-303

Security interest unperfected before effective date

PL 2023, c. 669, Pt

A security interest that is enforceable immediately before July 1, 2025 but is unperfected at that time:

(1). Remains an enforceable security interest until the adjustment date;

(2). Remains enforceable thereafter if the security interest becomes enforceable under section 9‑1203, as in effect on July 1, 2025, on July 1, 2025 or before the adjustment date; and

(3). Becomes perfected:

(a). Without further action, on July 1, 2025 if the requirements for perfection under this Title as in effect on July 1, 2025 are satisfied before or at that time; or

(b). When the requirements for perfection under this Title are satisfied if the requirements are satisfied after that time.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.