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Me. Rev. Stat. tit. 11, § 9-1309

Security interest perfected upon attachment

Known as the Uniform Commercial Code

The act spans §§ 2-101 to 9-1709 (548 sections).

PL 1999, c. 699, §A2 (NEW)

The following security interests are perfected when they attach:

(1). A purchase-money security interest in a consumer good having a purchase price of $10,000 or less, except as otherwise provided in section 9‑1311, subsection (2) with respect to consumer goods that are subject to a statute or treaty described in section 9‑1311, subsection (1);

(2). An assignment of accounts or payment intangibles that does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;

(3). A sale of a payment intangible;

(4). A sale of a promissory note;

(5). A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;

(6). A security interest arising under section 2‑401, 2‑505, 2‑711, subsection (3) or 2‑1508, subsection (5), until the debtor obtains possession of the collateral;

(7). A security interest of a collecting bank arising under section 4‑210;

(8). A security interest of an issuer or nominated person arising under section 5‑1118;

(9). A security interest arising in the delivery of a financial asset under section 9‑1206, subsection (3);

(10). A security interest in investment property created by a broker or securities intermediary;

(11). A security interest in a commodity contract or a commodity account created by a commodity intermediary;

(12). An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and

(13). A security interest created by an assignment of a beneficial interest in a decedent's estate.

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