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Me. Rev. Stat. tit. 11, § 9-1401

Alienability of debtor's rights

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 sections 9‑1406, 9‑1407, 9‑1408 and 9‑1409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.

(2). An agreement between the debtor and secured party that prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.

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