§9-1319. Rights and title of consignee with respect to creditors and purchasers
(1). Except as otherwise provided in subsection (2), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(2). For purposes of determining the rights of a creditor of a consignee, law other than this Article determines the rights and title of a consignee while goods are in the consignee's possession if, under this Part, a perfected security interest held by the consignor would have priority over the rights of the creditor.
[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).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Part 3: PERFECTION AND PRIORITY
11 §9-1317. Interests that take priority over or take free of security interest or agricultural lien
11 §9-1319. Rights and title of consignee with respect to creditors and purchasers
11 §9-1321. Licensee of general intangible and lessee of goods in ordinary course of business
11 §9-1324. Priority of purchase-money security interests
11 §9-1324-A. Priority of production-money security interests and agricultural liens
11 §9-1325. Priority of security interests in transferred collateral
11 §9-1326. Priority of security interests created by new debtor
11 §9-1327. Priority of security interests in deposit account
11 §9-1328. Priority of security interests in investment property
11 §9-1329. Priority of security interests in letter-of-credit right
11 §9-1330. Priority of purchaser of chattel paper or instrument
11 §9-1332. Transfer of money; transfer of funds from deposit account
11 §9-1333. Priority of certain liens arising by operation of law
11 §9-1334. Priority of security interests in fixtures and crops
11 §9-1337. Priority of security interests in goods covered by certificate of title