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Me. Rev. Stat. tit. 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

Known as the Uniform Commercial Code

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

PL 1999, c. 699, §A2 (NEW)

(1). Except as otherwise provided in subsection (2) and section 9‑1312, subsection (2), a financing statement must be filed to perfect all security interests and agricultural liens.

(2). The filing of a financing statement is not necessary to perfect a security interest:

(a). That is perfected under section 9‑1308, subsection (4), (5), (6) or (7);

(b). That is perfected under section 9‑1309 when it attaches;

(c). In property subject to a statute, regulation or treaty described in section 9‑1311, subsection (1);

(d). In goods in possession of a bailee that is perfected under section 9‑1312, subsection (4), paragraph (a) or (b);

(e). In certificated securities, documents, goods or instruments that is perfected without filing, control or possession under section 9‑1312, subsection (5), (6) or (7);

(f). In collateral in the secured party's possession under section 9‑1313;

(g). In a certificated security that is perfected by delivery of the security certificate to the secured party under section 9‑1313;

(h). In controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property or letter-of-credit rights that is perfected by control under section 9‑1314;

(h-1). In chattel paper that is perfected by possession and control under section 9‑1314‑A;

(i). In proceeds that is perfected under section 9‑1315; or

(j). That is perfected under section 9‑1316.

(3). If a secured party assigns a perfected security interest or agricultural lien, a filing under this Article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

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