Except as otherwise provided in section 9?1624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(1). Section 9?1207, subsection (2), paragraph (d), subparagraph (iii), which deals with use and operation of the collateral by the secured party;

[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Maine Revised Statutes Title 11 Sec. 9-1602

(a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Collateral: includes :
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Debtor: means :
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Noncash proceeds: means proceeds other than cash proceeds. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Obligor: means a person that, with respect to an obligation secured by a security interest in or an agricultural lien on the collateral:
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Proceeds: means the following property:
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Secondary obligor: means an obligor to the extent that:
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Secured party: means :
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
    (2). Section 9?1210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (3). Section 9?1607, subsection (3), which deals with collection and enforcement of collateral;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (4). Section 9?1608, subsection (1) and section 9?1615, subsection (3) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement or disposition;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (5). Section 9?1608, subsection (1) and section 9?1615, subsection (4) to the extent that they require accounting for or payment of surplus proceeds of collateral;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (6). Section 9?1609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (7). Section 9?1610, subsection (2) and sections 9?1611, 9?1613 and 9?1614, which deal with disposition of collateral;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (8). Section 9?1615, subsection (6), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party or a secondary obligor;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (9). Section 9?1616, which deals with explanation of the calculation of a surplus or deficiency;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (10). Sections 9?1620, 9?1621 and 9?1622, which deal with acceptance of collateral in satisfaction of obligation;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (11). Section 9?1623, which deals with redemption of collateral;

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (12). Section 9?1624, which deals with permissible waivers; and

    [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

    (13). Sections 9?1625 and 9?1626, which deal with the secured party’s liability for failure to comply with this article.

    [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).
      Previous section
    Next section  
     Part 6 Contents