Maine Revised Statutes
Subpart 3: PRIORITY
11 §9-1321. Licensee of general intangible and lessee of goods in ordinary course of business

§9-1321. Licensee of general intangible and lessee of goods in ordinary course of business
(1).  In this section, "licensee in ordinary course of business" means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor's own usual or customary practices.  
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(2).  A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.  
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(3).  A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.  
[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

Maine Revised Statutes

TITLE 11: UNIFORM COMMERCIAL CODE

Article 9-A: TRANSACTIONS

Part 3: PERFECTION AND PRIORITY

Subpart 3: PRIORITY

11 §9-1317. Interests that take priority over or take free of security interest or agricultural lien

11 §9-1318. No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers

11 §9-1319. Rights and title of consignee with respect to creditors and purchasers

11 §9-1320. Buyer of goods

11 §9-1321. Licensee of general intangible and lessee of goods in ordinary course of business

11 §9-1322. Priorities among conflicting security interests in and agricultural liens on same collateral

11 §9-1323. Future advances

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 §9-1331. Priority of rights of purchasers of instruments, documents and securities under other Articles; priority of interests in financial assets and security entitlements under Article 8

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 §9-1335. Accessions

11 §9-1336. Commingled goods

11 §9-1337. Priority of security interests in goods covered by certificate of title

11 §9-1338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

11 §9-1339. Priority subject to subordination