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Me. Rev. Stat. tit. 11, § 9-1504

Indication of collateral

Known as the Uniform Commercial Code

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

PL 1999, c. 699, §A2 (NEW)

A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:

(1). A description of the collateral pursuant to section 9‑1108;

(2). An indication that the financing statement covers all assets or all personal property; or

(3). An indication by the type of collateral defined in this Title, irrespective of whether such an indication would make possible the identification of the collateral in the manner necessary for a sufficient description pursuant to section 9‑1108.

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