Uniform Commercial Code

Maine · Commercial Paper (Repealed) · §§ 2-101 to 9-1709 · 548 sections

Overview

The Uniform Commercial Code governs commercial transactions, with the provisions here covering the sale of goods and the treatment of certain electronic records that function as payment or account rights. For sales, it supplies default rules that fill gaps in contracts — price, delivery, timing, and payment terms — alongside requirements for contract formation and modification, a statute of frauds, limits on the use of extrinsic evidence, and rules on when acceptance with added terms creates a binding agreement. It also establishes warranties that attach to a sale, including title, express warranties created by description or sample, and implied warranties of merchantability and fitness for a particular purpose, and it empowers courts to refuse enforcement of unconscionable terms.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 41 court decisions.

Most-cited authority: 426 F.3d 39 - Koken v. Black & Veatch Construction, Inc.

Sections covered

Showing the first 400 of 548 sections — browse the full code.

Me. Rev. Stat. tit. 11, § 2-101Short title
Me. Rev. Stat. tit. 11, § 2-102-5Scope; certain security and other transactions excluded from this Article
Me. Rev. Stat. tit. 11, § 2-103Definitions and index of definitions
Me. Rev. Stat. tit. 11, § 2-104Definitions: "merchant"; "between merchants"; "financing agency"
Me. Rev. Stat. tit. 11, § 2-105Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit"
Me. Rev. Stat. tit. 11, § 2-106-4Definitions: "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"; "hybrid transaction"
Me. Rev. Stat. tit. 11, § 2-107Goods to be severed from realty: recording
Me. Rev. Stat. tit. 11, § 2-108Miscellaneous health provisions; blood or tissue transfer services3 cites
Me. Rev. Stat. tit. 11, § 2-1101Short title
Me. Rev. Stat. tit. 11, § 2-1102-2Scope
Me. Rev. Stat. tit. 11, § 2-1103Definitions
Me. Rev. Stat. tit. 11, § 2-1104Leases subject to other statutes
Me. Rev. Stat. tit. 11, § 2-1105Territorial application of article to goods covered by certificate of title
Me. Rev. Stat. tit. 11, § 2-1106Limitation on power of parties to consumer lease to choose applicable law and judicial forum
Me. Rev. Stat. tit. 11, § 2-1107-2Waiver or renunciation of claim or right after default
Me. Rev. Stat. tit. 11, § 2-1108Unconscionability
Me. Rev. Stat. tit. 11, § 2-1109Option to accelerate at will
Me. Rev. Stat. tit. 11, § 2-1201Statute of frauds
Me. Rev. Stat. tit. 11, § 2-1202-2Final expression; parol or extrinsic evidence
Me. Rev. Stat. tit. 11, § 2-1203-2Seals inoperative
Me. Rev. Stat. tit. 11, § 2-1204Formation in general
Me. Rev. Stat. tit. 11, § 2-1205-2Firm offers
Me. Rev. Stat. tit. 11, § 2-1206Offer and acceptance in formation of lease contract
Me. Rev. Stat. tit. 11, § 2-1207Course of performance or practical construction
Me. Rev. Stat. tit. 11, § 2-1208Modification, rescission and waiver
Me. Rev. Stat. tit. 11, § 2-1209Lessee under finance lease as beneficiary of supply contract
Me. Rev. Stat. tit. 11, § 2-1210Express warranties
Me. Rev. Stat. tit. 11, § 2-1211Warranties against interference and against infringement; lessee's obligation against infringement
Me. Rev. Stat. tit. 11, § 2-1212Implied warranty of merchantability
Me. Rev. Stat. tit. 11, § 2-1213Implied warranty of fitness for particular purpose
Me. Rev. Stat. tit. 11, § 2-1214Exclusion or modification of warranties
Me. Rev. Stat. tit. 11, § 2-1215Cumulation and conflict of warranties express or implied
Me. Rev. Stat. tit. 11, § 2-1216Third-party beneficiaries of express and implied warranties
Me. Rev. Stat. tit. 11, § 2-1217Identification
Me. Rev. Stat. tit. 11, § 2-1218Insurance and proceeds
Me. Rev. Stat. tit. 11, § 2-1219Risk of loss
Me. Rev. Stat. tit. 11, § 2-1220Effect of default on risk of loss
Me. Rev. Stat. tit. 11, § 2-1221Casualty to identified goods
Me. Rev. Stat. tit. 11, § 2-1301Enforceability of lease contract
Me. Rev. Stat. tit. 11, § 2-1302Title to and possession of goods
Me. Rev. Stat. tit. 11, § 2-1303Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; assignment of rights
Me. Rev. Stat. tit. 11, § 2-1304Subsequent lease of goods by lessor
Me. Rev. Stat. tit. 11, § 2-1305Sale or sublease of goods by lessee
Me. Rev. Stat. tit. 11, § 2-1306Priority of certain liens arising by operation of law
Me. Rev. Stat. tit. 11, § 2-1307Priority of liens arising by attachment or levy on, security interests in and other claims to goods
Me. Rev. Stat. tit. 11, § 2-1308Special rights of creditors
Me. Rev. Stat. tit. 11, § 2-1309Lessor's and lessee's rights when goods become fixtures
Me. Rev. Stat. tit. 11, § 2-1310Lessor's and lessee's rights when goods become accessions
Me. Rev. Stat. tit. 11, § 2-1311Priority subject to subordination
Me. Rev. Stat. tit. 11, § 2-1401Insecurity; adequate assurance of performance
Me. Rev. Stat. tit. 11, § 2-1402Anticipatory repudiation
Me. Rev. Stat. tit. 11, § 2-1403Retraction of anticipatory repudiation
Me. Rev. Stat. tit. 11, § 2-1404Substituted performance
Me. Rev. Stat. tit. 11, § 2-1405Excused performance
Me. Rev. Stat. tit. 11, § 2-1406Procedure on excused performance
Me. Rev. Stat. tit. 11, § 2-1407Irrevocable promises; finance leases
Me. Rev. Stat. tit. 11, § 2-1501Default; procedure
Me. Rev. Stat. tit. 11, § 2-1502Notice after default
Me. Rev. Stat. tit. 11, § 2-1503Modification or impairment of rights and remedies
Me. Rev. Stat. tit. 11, § 2-1504Liquidation of damages
Me. Rev. Stat. tit. 11, § 2-1505Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies
Me. Rev. Stat. tit. 11, § 2-1506Statute of limitations
Me. Rev. Stat. tit. 11, § 2-1507Proof of market rent; time and place
Me. Rev. Stat. tit. 11, § 2-1508Lessee's remedies
Me. Rev. Stat. tit. 11, § 2-1509Lessee's rights on improper delivery; rightful rejection
Me. Rev. Stat. tit. 11, § 2-1510Installment lease contracts; rejection and default
Me. Rev. Stat. tit. 11, § 2-1511Merchant lessee's duties as to rightfully rejected goods
Me. Rev. Stat. tit. 11, § 2-1512Lessee's duties as to rightfully rejected goods
Me. Rev. Stat. tit. 11, § 2-1513Cure by lessor of improper tender or delivery; replacement
Me. Rev. Stat. tit. 11, § 2-1514Waiver of lessee's objections
Me. Rev. Stat. tit. 11, § 2-1515Acceptance of goods
Me. Rev. Stat. tit. 11, § 2-1516Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over
Me. Rev. Stat. tit. 11, § 2-1517Revocation of acceptance of goods
Me. Rev. Stat. tit. 11, § 2-1518Cover; substitute goods
Me. Rev. Stat. tit. 11, § 2-1519Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods
Me. Rev. Stat. tit. 11, § 2-1520Lessee's incidental and consequential damages
Me. Rev. Stat. tit. 11, § 2-1521Lessee's right to specific performance or replevin
Me. Rev. Stat. tit. 11, § 2-1522Lessee's right to goods on lessor's insolvency
Me. Rev. Stat. tit. 11, § 2-1523Lessor's remedies
Me. Rev. Stat. tit. 11, § 2-1524Lessor's right to identify goods to lease contract
Me. Rev. Stat. tit. 11, § 2-1525Lessor's right to possession of goods
Me. Rev. Stat. tit. 11, § 2-1526Lessor's stoppage of delivery in transit or otherwise
Me. Rev. Stat. tit. 11, § 2-1527Lessor's rights to dispose of goods
Me. Rev. Stat. tit. 11, § 2-1528Lessor's damages for nonacceptance, failure to pay, repudiation or other default
Me. Rev. Stat. tit. 11, § 2-1529Lessor's action for the rent
Me. Rev. Stat. tit. 11, § 2-1530Lessor's incidental damages
Me. Rev. Stat. tit. 11, § 2-1531Standing to sue third parties for injury to goods
Me. Rev. Stat. tit. 11, § 2-1532Lessor's rights to residual interest
Me. Rev. Stat. tit. 11, § 2-201Formal requirements: statute of frauds
Me. Rev. Stat. tit. 11, § 2-202-4Final expression: parol or extrinsic evidence
Me. Rev. Stat. tit. 11, § 2-203-4Seals inoperative
Me. Rev. Stat. tit. 11, § 2-204Formation in general
Me. Rev. Stat. tit. 11, § 2-205-4Firm offers
Me. Rev. Stat. tit. 11, § 2-206Offer and acceptance in formation of contract
Me. Rev. Stat. tit. 11, § 2-207Additional terms in acceptance or confirmation
Me. Rev. Stat. tit. 11, § 2-208Course of performance or practical construction
Me. Rev. Stat. tit. 11, § 2-209Modification, rescission and waiver
Me. Rev. Stat. tit. 11, § 2-210Delegation of performance; assignment of rights
Me. Rev. Stat. tit. 11, § 2-301General obligations of parties
Me. Rev. Stat. tit. 11, § 2-302Unconscionable contract or clause
Me. Rev. Stat. tit. 11, § 2-303Allocation or division of risks
Me. Rev. Stat. tit. 11, § 2-304Price payable in money, goods, realty or otherwise
Me. Rev. Stat. tit. 11, § 2-305Open price term
Me. Rev. Stat. tit. 11, § 2-306Output, requirements and exclusive dealings
Me. Rev. Stat. tit. 11, § 2-307Delivery in single lot or several lots
Me. Rev. Stat. tit. 11, § 2-308Absence of specified place for delivery
Me. Rev. Stat. tit. 11, § 2-309Absence of specific time provisions; notice of termination
Me. Rev. Stat. tit. 11, § 2-310Open time for payment or running of credit; authority to ship under reservation
Me. Rev. Stat. tit. 11, § 2-311Options and cooperation respecting performance
Me. Rev. Stat. tit. 11, § 2-312Warranty of title and against infringement; buyer's obligation against infringement
Me. Rev. Stat. tit. 11, § 2-313Express warranties by affirmation, promise, description, sample4 cites
Me. Rev. Stat. tit. 11, § 2-314Implied warranty: merchantability; usage of trade
Me. Rev. Stat. tit. 11, § 2-315Implied warranty: fitness for particular purpose
Me. Rev. Stat. tit. 11, § 2-316Exclusion or modification of warranties2 cites
Me. Rev. Stat. tit. 11, § 2-317Cumulation and conflict of warranties express or implied
Me. Rev. Stat. tit. 11, § 2-318When lack of privity no defense in action against manufacturer, seller or supplier of goods5 cites
Me. Rev. Stat. tit. 11, § 2-319F.O.B. and F.A.S. terms
Me. Rev. Stat. tit. 11, § 2-320C.I.F. and C.& F. terms
Me. Rev. Stat. tit. 11, § 2-321C.I.F. or C.& F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival
Me. Rev. Stat. tit. 11, § 2-322Delivery "exship"
Me. Rev. Stat. tit. 11, § 2-323Forms of bill of lading required in overseas shipment; "overseas"
Me. Rev. Stat. tit. 11, § 2-324"No arrival, no sale" term
Me. Rev. Stat. tit. 11, § 2-325"Letter of credit" term; "confirmed credit"
Me. Rev. Stat. tit. 11, § 2-326Sale on approval and sale or return; rights of creditors
Me. Rev. Stat. tit. 11, § 2-327Special incidents of sale on approval and sale or return
Me. Rev. Stat. tit. 11, § 2-328Sale by auction
Me. Rev. Stat. tit. 11, § 2-401Passing of title; reservation for security; limited application of this section
Me. Rev. Stat. tit. 11, § 2-402Rights of seller's creditors against sold goods
Me. Rev. Stat. tit. 11, § 2-403Power to transfer; good faith purchase of goods; "entrusting"
Me. Rev. Stat. tit. 11, § 2-501Insurable interest in goods; manner of identification of goods
Me. Rev. Stat. tit. 11, § 2-502Buyer's right to goods on seller's repudiation, failure to deliver or insolvency
Me. Rev. Stat. tit. 11, § 2-503Manner of seller's tender of delivery
Me. Rev. Stat. tit. 11, § 2-504Shipment by seller
Me. Rev. Stat. tit. 11, § 2-505Seller's shipment under reservation
Me. Rev. Stat. tit. 11, § 2-506Rights of financing agency
Me. Rev. Stat. tit. 11, § 2-507Effect of seller's tender; delivery on condition
Me. Rev. Stat. tit. 11, § 2-508Cure by seller of improper tender or delivery; replacement
Me. Rev. Stat. tit. 11, § 2-509Risk of loss in the absence of breach
Me. Rev. Stat. tit. 11, § 2-510Effect of breach on risk of loss
Me. Rev. Stat. tit. 11, § 2-511Tender of payment by buyer; payment by check
Me. Rev. Stat. tit. 11, § 2-512Payment by buyer before inspection
Me. Rev. Stat. tit. 11, § 2-513Buyer's right to inspection of goods
Me. Rev. Stat. tit. 11, § 2-514When documents deliverable on acceptance; when on payment
Me. Rev. Stat. tit. 11, § 2-515Preserving evidence of goods in dispute
Me. Rev. Stat. tit. 11, § 2-601Buyer's rights on improper delivery
Me. Rev. Stat. tit. 11, § 2-602Manner and effect of rightful rejection
Me. Rev. Stat. tit. 11, § 2-603Merchant buyer's duties as to rightfully rejected goods
Me. Rev. Stat. tit. 11, § 2-604Buyer's options as to salvage of rightfully rejected goods
Me. Rev. Stat. tit. 11, § 2-605Waiver of buyer's objections by failure to particularize
Me. Rev. Stat. tit. 11, § 2-606What constitutes acceptance of goods
Me. Rev. Stat. tit. 11, § 2-607Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over3 cites
Me. Rev. Stat. tit. 11, § 2-608Revocation of acceptance in whole or in part
Me. Rev. Stat. tit. 11, § 2-609Right to adequate assurance of performance
Me. Rev. Stat. tit. 11, § 2-610Anticipatory repudiation
Me. Rev. Stat. tit. 11, § 2-611Retraction of anticipatory repudiation
Me. Rev. Stat. tit. 11, § 2-612"Installment contract"; breach
Me. Rev. Stat. tit. 11, § 2-613Casualty to identified goods
Me. Rev. Stat. tit. 11, § 2-614Substituted performance
Me. Rev. Stat. tit. 11, § 2-615Excuse by failure of presupposed conditions
Me. Rev. Stat. tit. 11, § 2-616Procedure on notice claiming excuse
Me. Rev. Stat. tit. 11, § 2-701Remedies for breach of collateral contracts not impaired
Me. Rev. Stat. tit. 11, § 2-702Seller's remedies on discovery of buyer's insolvency
Me. Rev. Stat. tit. 11, § 2-703Seller's remedies in general
Me. Rev. Stat. tit. 11, § 2-704Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
Me. Rev. Stat. tit. 11, § 2-705Seller's stoppage of delivery in transit or otherwise
Me. Rev. Stat. tit. 11, § 2-706Seller's resale including contract for resale
Me. Rev. Stat. tit. 11, § 2-707"Person in the position of a seller"
Me. Rev. Stat. tit. 11, § 2-708Seller's damages for nonacceptance or repudiation
Me. Rev. Stat. tit. 11, § 2-709Action for the price
Me. Rev. Stat. tit. 11, § 2-710Seller's incidental damages
Me. Rev. Stat. tit. 11, § 2-711Buyer's remedies in general; buyer's security interest in rejected goods
Me. Rev. Stat. tit. 11, § 2-712"Cover"; buyer's procurement of substitute goods
Me. Rev. Stat. tit. 11, § 2-713Buyer's damages for nondelivery or repudiation
Me. Rev. Stat. tit. 11, § 2-714Buyer's damages for breach in regard to accepted goods
Me. Rev. Stat. tit. 11, § 2-715Buyer's incidental and consequential damages
Me. Rev. Stat. tit. 11, § 2-716Buyer's right to specific performance or replevin
Me. Rev. Stat. tit. 11, § 2-717Deduction of damages from price
Me. Rev. Stat. tit. 11, § 2-718Liquidation or limitation of damages; deposits
Me. Rev. Stat. tit. 11, § 2-719Contractual modification or limitation of remedy
Me. Rev. Stat. tit. 11, § 2-720Effect of "cancellation" or "rescission" on claims for antecedent breach
Me. Rev. Stat. tit. 11, § 2-721Remedies for fraud
Me. Rev. Stat. tit. 11, § 2-722Who can sue third parties for injury to goods
Me. Rev. Stat. tit. 11, § 2-723Proof of market price; time and place
Me. Rev. Stat. tit. 11, § 2-724Admissibility of market quotations
Me. Rev. Stat. tit. 11, § 2-725Statute of limitations in contracts for sale1 cite
Me. Rev. Stat. tit. 11, § 3-1101Short title
Me. Rev. Stat. tit. 11, § 3-1102Subject matter
Me. Rev. Stat. tit. 11, § 3-1103Definitions
Me. Rev. Stat. tit. 11, § 3-1104Negotiable instrument
Me. Rev. Stat. tit. 11, § 3-1105Issue of instrument
Me. Rev. Stat. tit. 11, § 3-1106Unconditional promise or order
Me. Rev. Stat. tit. 11, § 3-1107Instrument payable in foreign money
Me. Rev. Stat. tit. 11, § 3-1108Payable on demand or at definite time
Me. Rev. Stat. tit. 11, § 3-1109Payable to bearer or to order
Me. Rev. Stat. tit. 11, § 3-1110Identification of person to whom instrument is payable
Me. Rev. Stat. tit. 11, § 3-1111Place of payment
Me. Rev. Stat. tit. 11, § 3-1112Interest
Me. Rev. Stat. tit. 11, § 3-1113Date of instrument
Me. Rev. Stat. tit. 11, § 3-1114Contradictory terms of instrument
Me. Rev. Stat. tit. 11, § 3-1115Incomplete instrument
Me. Rev. Stat. tit. 11, § 3-1116Joint and several liability; contribution
Me. Rev. Stat. tit. 11, § 3-1117Other agreements affecting instrument
Me. Rev. Stat. tit. 11, § 3-1118Statute of limitations
Me. Rev. Stat. tit. 11, § 3-1119Notice of right to defend action
Me. Rev. Stat. tit. 11, § 3-1201Negotiation1 cite
Me. Rev. Stat. tit. 11, § 3-1202Negotiation subject to rescission
Me. Rev. Stat. tit. 11, § 3-1203Transfer of instrument; rights acquired by transfer1 cite
Me. Rev. Stat. tit. 11, § 3-1204Indorsement
Me. Rev. Stat. tit. 11, § 3-1205Special indorsement; blank indorsement; anomalous indorsement
Me. Rev. Stat. tit. 11, § 3-1206Restrictive indorsement
Me. Rev. Stat. tit. 11, § 3-1207Reacquisition
Me. Rev. Stat. tit. 11, § 3-1301Person entitled to enforce instrument1 cite
Me. Rev. Stat. tit. 11, § 3-1302Holder in due course
Me. Rev. Stat. tit. 11, § 3-1303Value and consideration
Me. Rev. Stat. tit. 11, § 3-1304Overdue instrument
Me. Rev. Stat. tit. 11, § 3-1305Defenses and claims in recoupment1 cite
Me. Rev. Stat. tit. 11, § 3-1306Claims to an instrument
Me. Rev. Stat. tit. 11, § 3-1307Notice of breach of fiduciary duty
Me. Rev. Stat. tit. 11, § 3-1308Proof of signatures and status as holder in due course
Me. Rev. Stat. tit. 11, § 3-1309Enforcement of lost, destroyed or stolen instrument1 cite
Me. Rev. Stat. tit. 11, § 3-1310Effect of instrument on obligation for which taken
Me. Rev. Stat. tit. 11, § 3-1311Accord and satisfaction by use of instrument
Me. Rev. Stat. tit. 11, § 3-1312Lost, destroyed, or stolen cashier's check, teller's check, or certified check1 cite
Me. Rev. Stat. tit. 11, § 3-1401-2Signature necessary for liability on instrument
Me. Rev. Stat. tit. 11, § 3-1402Signature by representative
Me. Rev. Stat. tit. 11, § 3-1403Unauthorized signature
Me. Rev. Stat. tit. 11, § 3-1404Impostors; fictitious payees
Me. Rev. Stat. tit. 11, § 3-1405Employer's responsibility for fraudulent indorsement by employee
Me. Rev. Stat. tit. 11, § 3-1406Negligence contributing to forged signature or alteration of instrument
Me. Rev. Stat. tit. 11, § 3-1407Alteration
Me. Rev. Stat. tit. 11, § 3-1408Drawee not liable on unaccepted draft
Me. Rev. Stat. tit. 11, § 3-1409Acceptance of draft; certified check
Me. Rev. Stat. tit. 11, § 3-1410Acceptance varying draft
Me. Rev. Stat. tit. 11, § 3-1411Refusal to pay cashier's checks, teller's checks and certified checks
Me. Rev. Stat. tit. 11, § 3-1412Obligation of issuer of note or cashier's check
Me. Rev. Stat. tit. 11, § 3-1413Obligation of acceptor
Me. Rev. Stat. tit. 11, § 3-1414Obligation of drawer
Me. Rev. Stat. tit. 11, § 3-1415Obligation of indorser
Me. Rev. Stat. tit. 11, § 3-1416Transfer warranties
Me. Rev. Stat. tit. 11, § 3-1417Presentment warranties
Me. Rev. Stat. tit. 11, § 3-1418Payment or acceptance by mistake
Me. Rev. Stat. tit. 11, § 3-1419Instruments signed for accommodation
Me. Rev. Stat. tit. 11, § 3-1420Conversion of instrument1 cite
Me. Rev. Stat. tit. 11, § 3-1501Presentment
Me. Rev. Stat. tit. 11, § 3-1502Dishonor
Me. Rev. Stat. tit. 11, § 3-1503Notice of dishonor
Me. Rev. Stat. tit. 11, § 3-1504Excused presentment and notice of dishonor
Me. Rev. Stat. tit. 11, § 3-1505Evidence of dishonor
Me. Rev. Stat. tit. 11, § 3-1601Discharge and effect of discharge
Me. Rev. Stat. tit. 11, § 3-1602Payment
Me. Rev. Stat. tit. 11, § 3-1603Tender of payment
Me. Rev. Stat. tit. 11, § 3-1604Discharge by cancellation or renunciation
Me. Rev. Stat. tit. 11, § 3-1605Discharge of indorsers and accommodation parties
Me. Rev. Stat. tit. 11, § 4-101Short title
Me. Rev. Stat. tit. 11, § 4-102Applicability
Me. Rev. Stat. tit. 11, § 4-103Variation by agreement; measure of damages; action constituting ordinary care
Me. Rev. Stat. tit. 11, § 4-104Definitions and index of definitions
Me. Rev. Stat. tit. 11, § 4-105"Depositary bank"; "bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"
Me. Rev. Stat. tit. 11, § 4-105-APayable through or payable at bank; collecting bank
Me. Rev. Stat. tit. 11, § 4-106Separate office of a bank
Me. Rev. Stat. tit. 11, § 4-107Time of receipt of items
Me. Rev. Stat. tit. 11, § 4-108Delays
Me. Rev. Stat. tit. 11, § 4-109Process of posting
Me. Rev. Stat. tit. 11, § 4-110Electronic presentment
Me. Rev. Stat. tit. 11, § 4-1101Short title1 cite
Me. Rev. Stat. tit. 11, § 4-1102Subject matter1 cite
Me. Rev. Stat. tit. 11, § 4-1103Payment order; definitions
Me. Rev. Stat. tit. 11, § 4-1104Funds transfer; definitions
Me. Rev. Stat. tit. 11, § 4-1105Other definitions
Me. Rev. Stat. tit. 11, § 4-1106Time payment order received
Me. Rev. Stat. tit. 11, § 4-1107Federal reserve regulations and operating circulars
Me. Rev. Stat. tit. 11, § 4-1108Exclusion of consumer transactions governed by federal law2 cites
Me. Rev. Stat. tit. 11, § 4-1109Relationship to federal Electronic Fund Transfer Act
Me. Rev. Stat. tit. 11, § 4-111Statute of limitations
Me. Rev. Stat. tit. 11, § 4-1201Security procedure
Me. Rev. Stat. tit. 11, § 4-1202Authorized and verified payment orders1 cite
Me. Rev. Stat. tit. 11, § 4-1203Unenforceability of certain verified payment orders
Me. Rev. Stat. tit. 11, § 4-1204Refund of payment and duty of customer to report with respect to unauthorized payment order1 cite
Me. Rev. Stat. tit. 11, § 4-1205Erroneous payment orders
Me. Rev. Stat. tit. 11, § 4-1206Transmission of payment order through funds transfer or other communication system
Me. Rev. Stat. tit. 11, § 4-1207Misdescription of beneficiary
Me. Rev. Stat. tit. 11, § 4-1208Misdescription of intermediary bank or beneficiary's bank
Me. Rev. Stat. tit. 11, § 4-1209Acceptance of payment order
Me. Rev. Stat. tit. 11, § 4-1210Rejection of payment order
Me. Rev. Stat. tit. 11, § 4-1211Cancellation and amendment of payment order
Me. Rev. Stat. tit. 11, § 4-1212Liability and duty of receiving bank regarding unaccepted payment order
Me. Rev. Stat. tit. 11, § 4-1301Execution and execution date
Me. Rev. Stat. tit. 11, § 4-1302Obligations of receiving bank in execution of payment order
Me. Rev. Stat. tit. 11, § 4-1303Erroneous execution of payment order
Me. Rev. Stat. tit. 11, § 4-1304Duty of sender to report erroneously executed payment order
Me. Rev. Stat. tit. 11, § 4-1305Liability for late or improper execution or failure to execute payment order
Me. Rev. Stat. tit. 11, § 4-1401Payment date
Me. Rev. Stat. tit. 11, § 4-1402Obligation of sender to pay receiving bank
Me. Rev. Stat. tit. 11, § 4-1403Payment by sender to receiving bank
Me. Rev. Stat. tit. 11, § 4-1404Obligation of beneficiary's bank to pay and give notice to beneficiary
Me. Rev. Stat. tit. 11, § 4-1405Payment by beneficiary's bank to beneficiary
Me. Rev. Stat. tit. 11, § 4-1406Payment by originator to beneficiary; discharge of underlying obligation
Me. Rev. Stat. tit. 11, § 4-1501Variation by agreement and effect of funds transfer system rule
Me. Rev. Stat. tit. 11, § 4-1502Creditor process served on receiving bank; setoff by beneficiary's bank
Me. Rev. Stat. tit. 11, § 4-1503Injunction or restraining order with respect to funds transfer
Me. Rev. Stat. tit. 11, § 4-1504Order in which items and payment orders may be charged to account; order of withdrawals from account
Me. Rev. Stat. tit. 11, § 4-1505Preclusion of objection to debit of customer's account
Me. Rev. Stat. tit. 11, § 4-1506Rate of interest
Me. Rev. Stat. tit. 11, § 4-1507Choice of law
Me. Rev. Stat. tit. 11, § 4-201Status of collecting bank as agent and provisional status of credits; applicability of Article; item indorsed "pay any bank"
Me. Rev. Stat. tit. 11, § 4-202Responsibility for collection or return; when action timely
Me. Rev. Stat. tit. 11, § 4-203Effect of instructions
Me. Rev. Stat. tit. 11, § 4-204Methods of sending and presenting; sending directly to payor bank
Me. Rev. Stat. tit. 11, § 4-205Depositary bank holder of unindorsed item
Me. Rev. Stat. tit. 11, § 4-206Transfer between banks
Me. Rev. Stat. tit. 11, § 4-207Warranties of customer and collecting bank on transfer or presentment of items; time for claims
Me. Rev. Stat. tit. 11, § 4-207-ATransfer warranties
Me. Rev. Stat. tit. 11, § 4-207-BPresentment warranties
Me. Rev. Stat. tit. 11, § 4-207-CEncoding and retention warranties
Me. Rev. Stat. tit. 11, § 4-208Security interest of collecting bank in items, accompanying documents and proceeds
Me. Rev. Stat. tit. 11, § 4-209When bank gives value for purposes of holder in due course
Me. Rev. Stat. tit. 11, § 4-210Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
Me. Rev. Stat. tit. 11, § 4-211Media of remittance; provisional and final settlement in remittance cases
Me. Rev. Stat. tit. 11, § 4-211-AMedium and time of settlement by bank
Me. Rev. Stat. tit. 11, § 4-212Right of charge-back or refund; liability of collecting bank; return of item
Me. Rev. Stat. tit. 11, § 4-213Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
Me. Rev. Stat. tit. 11, § 4-214Insolvency and preference
Me. Rev. Stat. tit. 11, § 4-301Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
Me. Rev. Stat. tit. 11, § 4-302Payor bank's responsibility for late return of item
Me. Rev. Stat. tit. 11, § 4-303When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified
Me. Rev. Stat. tit. 11, § 4-401When bank may charge customer's account
Me. Rev. Stat. tit. 11, § 4-402Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account
Me. Rev. Stat. tit. 11, § 4-403Customer's right to stop payment; burden of proof of loss
Me. Rev. Stat. tit. 11, § 4-404Bank not obligated to pay check more than 6 months old
Me. Rev. Stat. tit. 11, § 4-405Death or incompetence of customer
Me. Rev. Stat. tit. 11, § 4-406Customer's duty to discover and report unauthorized signature or alteration
Me. Rev. Stat. tit. 11, § 4-407Payor bank's right to subrogation on improper payment
Me. Rev. Stat. tit. 11, § 4-501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
Me. Rev. Stat. tit. 11, § 4-502Presentment of "on arrival" drafts
Me. Rev. Stat. tit. 11, § 4-503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
Me. Rev. Stat. tit. 11, § 4-504Privilege of presenting bank to deal with goods; security interest for expenses
Me. Rev. Stat. tit. 11, § 5-1101Short title
Me. Rev. Stat. tit. 11, § 5-1102Definitions
Me. Rev. Stat. tit. 11, § 5-1103Scope
Me. Rev. Stat. tit. 11, § 5-1104-2Formal requirements
Me. Rev. Stat. tit. 11, § 5-1105Consideration
Me. Rev. Stat. tit. 11, § 5-1106Issuance, amendment, cancellation and duration
Me. Rev. Stat. tit. 11, § 5-1107Confirmer, nominated person and adviser
Me. Rev. Stat. tit. 11, § 5-1108Issuer's rights and obligations
Me. Rev. Stat. tit. 11, § 5-1109Fraud and forgery
Me. Rev. Stat. tit. 11, § 5-1110Warranties
Me. Rev. Stat. tit. 11, § 5-1111Remedies
Me. Rev. Stat. tit. 11, § 5-1112Transfer of letter of credit
Me. Rev. Stat. tit. 11, § 5-1113Transfer by operation of law
Me. Rev. Stat. tit. 11, § 5-1114Assignment of proceeds
Me. Rev. Stat. tit. 11, § 5-1115Statute of limitations
Me. Rev. Stat. tit. 11, § 5-1116Choice of law and forum
Me. Rev. Stat. tit. 11, § 5-1117Subrogation of issuer, applicant and nominated person
Me. Rev. Stat. tit. 11, § 5-1118Security interest of issuer or nominated person
Me. Rev. Stat. tit. 11, § 8-1101Short title
Me. Rev. Stat. tit. 11, § 8-1102Definitions
Me. Rev. Stat. tit. 11, § 8-1103Rules for determining whether certain obligations and interests are securities or financial assets
Me. Rev. Stat. tit. 11, § 8-1104Acquisition of security or financial asset or interest in a security or financial asset
Me. Rev. Stat. tit. 11, § 8-1105Notice of adverse claim
Me. Rev. Stat. tit. 11, § 8-1106Control
Me. Rev. Stat. tit. 11, § 8-1107Whether indorsement, instruction or entitlement order is effective
Me. Rev. Stat. tit. 11, § 8-1108Warranties in direct holding1 cite
Me. Rev. Stat. tit. 11, § 8-1109Warranties in indirect holding
Me. Rev. Stat. tit. 11, § 8-1110Applicability; choice of law
Me. Rev. Stat. tit. 11, § 8-1111Clearing corporation rules
Me. Rev. Stat. tit. 11, § 8-1112Creditor's legal process
Me. Rev. Stat. tit. 11, § 8-1113Statute of frauds inapplicable
Me. Rev. Stat. tit. 11, § 8-1114Evidentiary rules concerning certificated securities
Me. Rev. Stat. tit. 11, § 8-1115Securities intermediary and others not liable to adverse claimant
Me. Rev. Stat. tit. 11, § 8-1116Securities intermediary as purchaser for value
Me. Rev. Stat. tit. 11, § 8-1201Issuer
Me. Rev. Stat. tit. 11, § 8-1202Issuer's responsibility and defenses; notice of defect or defense
Me. Rev. Stat. tit. 11, § 8-1203Staleness as notice of defect or defense
Me. Rev. Stat. tit. 11, § 8-1204Effect of issuer's restriction on transfer
Me. Rev. Stat. tit. 11, § 8-1205Effect of unauthorized signature on security certificate
Me. Rev. Stat. tit. 11, § 8-1206Completion or alteration of security certificate
Me. Rev. Stat. tit. 11, § 8-1207Rights and duties of issuer with respect to registered owners
Me. Rev. Stat. tit. 11, § 8-1208Effect of signature of authenticating trustee, registrar or transfer agent
Me. Rev. Stat. tit. 11, § 8-1209Issuer's lien
Me. Rev. Stat. tit. 11, § 8-1210Overissue
Me. Rev. Stat. tit. 11, § 8-1301Delivery
Me. Rev. Stat. tit. 11, § 8-1302Rights of purchaser
Me. Rev. Stat. tit. 11, § 8-1303Protected purchaser
Me. Rev. Stat. tit. 11, § 8-1304Indorsement
Me. Rev. Stat. tit. 11, § 8-1305Instruction
Me. Rev. Stat. tit. 11, § 8-1306Effect of guaranteeing signature, indorsement or instruction
Me. Rev. Stat. tit. 11, § 8-1307Purchaser's right to requisites for registration of transfer
Me. Rev. Stat. tit. 11, § 8-1401Duty of issuer to register transfer
Me. Rev. Stat. tit. 11, § 8-1402Assurance that indorsement or instruction is effective
Me. Rev. Stat. tit. 11, § 8-1403Demand that issuer not register transfer
Me. Rev. Stat. tit. 11, § 8-1404Wrongful registration
Me. Rev. Stat. tit. 11, § 8-1405Replacement of lost, destroyed or wrongfully taken security certificate
Me. Rev. Stat. tit. 11, § 8-1406Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
Me. Rev. Stat. tit. 11, § 8-1407Authenticating trustee, transfer agent and registrar
Me. Rev. Stat. tit. 11, § 8-1501Securities account; acquisition of security entitlement from securities intermediary
Me. Rev. Stat. tit. 11, § 8-1502Assertion of adverse claim against entitlement holder
Me. Rev. Stat. tit. 11, § 8-1503Property interest of entitlement holder in financial asset held by securities intermediary
Me. Rev. Stat. tit. 11, § 8-1504Duty of securities intermediary to maintain financial asset
Me. Rev. Stat. tit. 11, § 8-1505Duty of securities intermediary with respect to payments and distributions
Me. Rev. Stat. tit. 11, § 8-1506Duty of securities intermediary to exercise rights as directed by entitlement holder

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