Maine Revised Statutes Title 11 Sec. 9-1110 – Security interests arising under Article 2 or 2-A
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A security interest arising under section 2?401, 2?505, 2?711, subsection (3), or 2?1508, subsection (5) is subject to this Article. However, until the debtor obtains possession of the goods: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(1). The security interest is enforceable, even if section 9?1203, subsection (2), paragraph (c) has not been satisfied;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
Terms Used In Maine Revised Statutes Title 11 Sec. 9-1110
- Debtor: means :
(a). See Maine Revised Statutes Title 11 Sec. 9-1102Goods: includes :
(a). See Maine Revised Statutes Title 11 Sec. 9-1102Secured party: means :
(2). Filing is not required to perfect the security interest;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(3). The rights of the secured party after default by the debtor are governed by Article 2 or 2?A; and
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(4). The security interest has priority over a conflicting security interest created by the debtor.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).