Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE

11 §4-1503. Injunction or restraining order with respect to funds transfer - §4-1503. Injunction or restraining order with respect to funds transfer...

11 §4-1504. Order in which items and payment orders may be charged to account; order of withdrawals from account - §4-1504. Order in which items and payment orders may be...

11 §4-1505. Preclusion of objection to debit of customer's account - §4-1505. Preclusion of objection to debit of customer's account If...

11 §4-1506. Rate of interest - §4-1506. Rate of interest (1). If, under this Article, a...

11 §4-1507. Choice of law - §4-1507. Choice of law (1). The following rules apply unless...

Article 5: LETTERS OF CREDIT (REPEALED)

11 §5-101. Short title (REPEALED) - §5-101. Short title (REPEALED) SECTION HISTORY PL 1997, c. 429,...

11 §5-102. Scope (REPEALED) - §5-102. Scope (REPEALED) SECTION HISTORY PL 1997, c. 429, §A1...

11 §5-103. Definitions (REPEALED) - §5-103. Definitions (REPEALED) SECTION HISTORY PL 1997, c. 429, §A1...

11 §5-104. Formal requirements; signing (REPEALED) - §5-104. Formal requirements; signing (REPEALED) SECTION HISTORY PL 1997, c....

11 §5-105. Consideration (REPEALED) - §5-105. Consideration (REPEALED) SECTION HISTORY PL 1997, c. 429, §A1...

11 §5-106. Time and effect of establishment of credit (REPEALED) - §5-106. Time and effect of establishment of credit (REPEALED) SECTION...

11 §5-107. Advice of credit; confirmation; error in statement of terms (REPEALED) - §5-107. Advice of credit; confirmation; error in statement of terms...

11 §5-108. "Notation credit"; exhaustion of credit (REPEALED) - §5-108. "Notation credit"; exhaustion of credit (REPEALED) SECTION HISTORY PL...

11 §5-109. Issuer's obligations to its customer (REPEALED) - §5-109. Issuer's obligations to its customer (REPEALED) SECTION HISTORY PL...

11 §5-110. Availability of credit in portions; presenter's reservation of lien or claim (REPEALED) - §5-110. Availability of credit in portions; presenter's reservation of lien...

11 §5-111. Warranties on transfer and presentment (REPEALED) - §5-111. Warranties on transfer and presentment (REPEALED) SECTION HISTORY PL...

11 §5-112. Time allowed for honor or rejection; withholding honor or rejection by consent; "presenter" (REPEALED) - §5-112. Time allowed for honor or rejection; withholding honor or...

11 §5-113. Indemnities (REPEALED) - §5-113. Indemnities (REPEALED) SECTION HISTORY PL 1997, c. 429, §A1...

11 §5-114. Issuer's duty and privilege to honor; right to reimbursement (REPEALED) - §5-114. Issuer's duty and privilege to honor; right to reimbursement...

11 §5-115. Remedy for improper dishonor anticipatory repudiation (REPEALED) - §5-115. Remedy for improper dishonor anticipatory repudiation (REPEALED) SECTION HISTORY...

11 §5-116. Transfer and assignment (REPEALED) - §5-116. Transfer and assignment (REPEALED) SECTION HISTORY PL 1977, c....

11 §5-117. Insolvency of bank holding funds for documentary credit (REPEALED) - §5-117. Insolvency of bank holding funds for documentary credit (REPEALED)...

Article 5-A: LETTERS OF CREDIT

11 §5-1101. Short title - §5-1101. Short title This Article may be known and cited...

11 §5-1102. Definitions - §5-1102. Definitions (1). As used in this Article, unless the...

11 §5-1103. Scope - §5-1103. Scope (1). This Article applies to letters of credit...

11 §5-1104. Formal requirements - §5-1104. Formal requirements A letter of credit, confirmation, advice, transfer,...

11 §5-1105. Consideration - §5-1105. Consideration Consideration is not required to issue, amend, transfer...

11 §5-1106. Issuance, amendment, cancellation and duration - §5-1106. Issuance, amendment, cancellation and duration (1). A letter of...

11 §5-1107. Confirmer, nominated person and adviser - §5-1107. Confirmer, nominated person and adviser (1). A confirmer is...

11 §5-1108. Issuer's rights and obligations - §5-1108. Issuer's rights and obligations (1). Except as otherwise provided...

11 §5-1109. Fraud and forgery - §5-1109. Fraud and forgery (1). If a presentation is made...

11 §5-1110. Warranties - §5-1110. Warranties (1). If its presentation is honored, the beneficiary...

11 §5-1111. Remedies - §5-1111. Remedies (1). If an issuer wrongfully dishonors or repudiates...

11 §5-1112. Transfer of letter of credit - §5-1112. Transfer of letter of credit (1). Except as otherwise...

11 §5-1113. Transfer by operation of law - §5-1113. Transfer by operation of law (1). A successor of...

11 §5-1114. Assignment of proceeds - §5-1114. Assignment of proceeds (1). In this section, "proceeds of...

11 §5-1115. Statute of limitations - §5-1115. Statute of limitations An action to enforce a right...

11 §5-1116. Choice of law and forum - §5-1116. Choice of law and forum (1). The liability of...

11 §5-1117. Subrogation of issuer, applicant and nominated person - §5-1117. Subrogation of issuer, applicant and nominated person (1). An...

11 §5-1118. Security interest of issuer or nominated person - §5-1118. Security interest of issuer or nominated person (1). An...

Article 6: BULK TRANSFERS (REPEALED)

11 §6-101. Short title (REPEALED) - §6-101. Short title (REPEALED) SECTION HISTORY PL 1991, c. 636,...

11 §6-102. "Bulk transfer"; transfers of equipment; enterprises subject to this Article; bulk transfers subject to this Article (REPEALED) - §6-102. "Bulk transfer"; transfers of equipment; enterprises subject to this...

11 §6-103. Transfers excepted from this Article (REPEALED) - §6-103. Transfers excepted from this Article (REPEALED) SECTION HISTORY PL...

11 §6-104. Schedule of property, list of creditors (REPEALED) - §6-104. Schedule of property, list of creditors (REPEALED) SECTION HISTORY...

11 §6-105. Notice to creditors (REPEALED) - §6-105. Notice to creditors (REPEALED) SECTION HISTORY PL 1991, c....

11 §6-106. The notice (REPEALED) - §6-106. The notice (REPEALED) SECTION HISTORY PL 1991, c. 636,...

11 §6-107. Auction sales; "auctioneer" (REPEALED) - §6-107. Auction sales; "auctioneer" (REPEALED) SECTION HISTORY PL 1991, c....

11 §6-108. What creditors protected (REPEALED) - §6-108. What creditors protected (REPEALED) SECTION HISTORY PL 1991, c....

11 §6-109. Subsequent transfers (REPEALED) - §6-109. Subsequent transfers (REPEALED) SECTION HISTORY PL 1991, c. 636,...

11 §6-110. Limitation of actions and levies (REPEALED) - §6-110. Limitation of actions and levies (REPEALED) SECTION HISTORY PL...

Article 7: WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE

Part 1: GENERAL

11 §7-101. Short title (REPEALED) - §7-101. Short title (REPEALED) SECTION HISTORY PL 2009, c. 324,...

11 §7-102. Definitions and index of definitions (REPEALED) - §7-102. Definitions and index of definitions (REPEALED) SECTION HISTORY PL...

11 §7-103. Relation of Article to treaty, statute, tariff, classification or regulation (REPEALED) - §7-103. Relation of Article to treaty, statute, tariff, classification or...

11 §7-104. Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title (REPEALED) - §7-104. Negotiable and nonnegotiable warehouse receipt, bill of lading or...

11 §7-105. Construction against negative implication (REPEALED) - §7-105. Construction against negative implication (REPEALED) SECTION HISTORY PL 2009,...

Part 2: WAREHOUSE RECEIPTS: SPECIAL PROVISIONS

11 §7-201. Who may issue a warehouse receipt; storage under government bond (REPEALED) - §7-201. Who may issue a warehouse receipt; storage under government...

11 §7-202. Form of warehouse receipt; essential terms; optional terms (REPEALED) - §7-202. Form of warehouse receipt; essential terms; optional terms (REPEALED)...

11 §7-203. Liability for nonreceipt or misdescription (REPEALED) - §7-203. Liability for nonreceipt or misdescription (REPEALED) SECTION HISTORY PL...

11 §7-204. Duty of care; contractual limitation of warehouseman's liability (REPEALED) - §7-204. Duty of care; contractual limitation of warehouseman's liability (REPEALED)...

11 §7-205. Title under warehouse receipt defeated in certain cases (REPEALED) - §7-205. Title under warehouse receipt defeated in certain cases (REPEALED)...

11 §7-206. Termination of storage at warehouseman's option (REPEALED) - §7-206. Termination of storage at warehouseman's option (REPEALED) SECTION HISTORY...

11 §7-207. Goods must be kept separate; fungible goods (REPEALED) - §7-207. Goods must be kept separate; fungible goods (REPEALED) SECTION...

11 §7-208. Altered warehouse receipts (REPEALED) - §7-208. Altered warehouse receipts (REPEALED) SECTION HISTORY PL 2009, c....

11 §7-209. Lien of warehouseman (REPEALED) - §7-209. Lien of warehouseman (REPEALED) SECTION HISTORY PL 2009, c....

11 §7-210. Enforcement of warehouseman's lien (REPEALED) - §7-210. Enforcement of warehouseman's lien (REPEALED) SECTION HISTORY PL 1979,...

Part 3: BILLS OF LADING: SPECIAL PROVISIONS

11 §7-301. Liability for nonreceipt or misdescription; "said to contain"; "shipper's load and count"; improper handling (REPEALED) - §7-301. Liability for nonreceipt or misdescription; "said to contain"; "shipper's...

11 §7-302. Through bills of lading and similar documents (REPEALED) - §7-302. Through bills of lading and similar documents (REPEALED) SECTION...

11 §7-303. Diversion; reconsignment; change of instructions (REPEALED) - §7-303. Diversion; reconsignment; change of instructions (REPEALED) SECTION HISTORY PL...

11 §7-304. Bills of lading in a set (REPEALED) - §7-304. Bills of lading in a set (REPEALED) SECTION HISTORY...

11 §7-305. Destination bills (REPEALED) - §7-305. Destination bills (REPEALED) SECTION HISTORY PL 2009, c. 324,...

11 §7-306. Altered bill of lading (REPEALED) - §7-306. Altered bill of lading (REPEALED) SECTION HISTORY PL 1965,...

11 §7-307. Lien of carrier (REPEALED) - §7-307. Lien of carrier (REPEALED) SECTION HISTORY PL 2009, c....

11 §7-308. Enforcement of carrier's lien (REPEALED) - §7-308. Enforcement of carrier's lien (REPEALED) SECTION HISTORY PL 2009,...

11 §7-309. Duty of care; contractual limitation of carrier's liability (REPEALED) - §7-309. Duty of care; contractual limitation of carrier's liability (REPEALED)...

Part 4: WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS

11 §7-401. Irregularities in issue of receipt or bill or conduct of issuer (REPEALED) - §7-401. Irregularities in issue of receipt or bill or conduct...

11 §7-402. Duplicate receipt or bill; overissue (REPEALED) - §7-402. Duplicate receipt or bill; overissue (REPEALED) SECTION HISTORY PL...

11 §7-403. Obligation of warehouseman or carrier to deliver; excuse (REPEALED) - §7-403. Obligation of warehouseman or carrier to deliver; excuse (REPEALED)...

11 §7-404. No liability for good faith delivery pursuant to receipt or bill (REPEALED) - §7-404. No liability for good faith delivery pursuant to receipt...

Part 5: WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

11 §7-501. Form of negotiation and requirements of "due negotiation" (REPEALED) - §7-501. Form of negotiation and requirements of "due negotiation" (REPEALED)...

11 §7-502. Rights acquired by due negotiation (REPEALED) - §7-502. Rights acquired by due negotiation (REPEALED) SECTION HISTORY PL...

11 §7-503. Document of title to goods defeated in certain cases (REPEALED) - §7-503. Document of title to goods defeated in certain cases...

11 §7-504. Rights acquired in the absence of due negotiations; effect of diversion; seller's stoppage of delivery (REPEALED) - §7-504. Rights acquired in the absence of due negotiations; effect...

11 §7-505. Indorser not a guarantor for other parties (REPEALED) - §7-505. Indorser not a guarantor for other parties (REPEALED) SECTION...

11 §7-506. Delivery without indorsement; right to compel indorsement (REPEALED) - §7-506. Delivery without indorsement; right to compel indorsement (REPEALED) SECTION...

11 §7-507. Warranties on negotiation or transfer of receipt or bill (REPEALED) - §7-507. Warranties on negotiation or transfer of receipt or bill...

11 §7-508. Warranties of collecting bank as to documents (REPEALED) - §7-508. Warranties of collecting bank as to documents (REPEALED) SECTION...

11 §7-509. Receipt or bill; when adequate compliance with commercial contract (REPEALED) - §7-509. Receipt or bill; when adequate compliance with commercial contract...

Part 6: WAREHOUSE RECEIPTS AND BILLS OF LADING: MISCELLANEOUS PROVISIONS

11 §7-601. Lost and missing documents (REPEALED) - §7-601. Lost and missing documents (REPEALED) SECTION HISTORY PL 2009,...

11 §7-602. Attachment of goods covered by a negotiable document (REPEALED) - §7-602. Attachment of goods covered by a negotiable document (REPEALED)...

11 §7-603. Conflicting claims; interpleader (REPEALED) - §7-603. Conflicting claims; interpleader (REPEALED) SECTION HISTORY PL 2009, c....

Article 7-A: DOCUMENTS OF TITLE

Part 1: GENERAL

11 §7-1101. Short title - §7-1101. Short title This Article may be known and cited...

11 §7-1102. Definitions and index of definitions - §7-1102. Definitions and index of definitions (1). In this Article,...

11 §7-1103. Relation of Article to treaty or statute - §7-1103. Relation of Article to treaty or statute (1). This...

11 §7-1104. Negotiable and nonnegotiable document of title - §7-1104. Negotiable and nonnegotiable document of title (1). Except as...

11 §7-1105. Reissuance in alternative medium - §7-1105. Reissuance in alternative medium (1). Upon request of a...

11 §7-1106. Control of electronic document of title - §7-1106. Control of electronic document of title (1). A person...

Part 2: WAREHOUSE RECEIPTS: SPECIAL PROVISIONS

11 §7-1201. Person that may issue a warehouse receipt; storage under bond - §7-1201. Person that may issue a warehouse receipt; storage under...

11 §7-1202. Form of warehouse receipt; effect of omission - §7-1202. Form of warehouse receipt; effect of omission (1). A...

11 §7-1203. Liability for nonreceipt or misdescription - §7-1203. Liability for nonreceipt or misdescription A party to or...

11 §7-1204. Duty of care; contractual limitation of warehouse's liability - §7-1204. Duty of care; contractual limitation of warehouse's liability (1)....

11 §7-1205. Title under warehouse receipt defeated in certain cases - §7-1205. Title under warehouse receipt defeated in certain cases A...

11 §7-1206. Termination of storage at warehouse's option - §7-1206. Termination of storage at warehouse's option (1). A warehouse,...

11 §7-1207. Goods must be kept separate; fungible goods - §7-1207. Goods must be kept separate; fungible goods (1). Unless...

11 §7-1208. Altered warehouse receipts - §7-1208. Altered warehouse receipts If a blank in a negotiable...

11 §7-1209. Lien of warehouse - §7-1209. Lien of warehouse (1). A warehouse has a lien...

11 §7-1210. Enforcement of warehouse's lien - §7-1210. Enforcement of warehouse's lien (1). Except as otherwise provided...

Part 3: BILLS OF LADING: SPECIAL PROVISIONS

11 §7-1301. Liability for nonreceipt or misdescription; "said to contain;" "shipper's weight, load, and count;" improper handling - §7-1301. Liability for nonreceipt or misdescription; "said to contain;" "shipper's...

11 §7-1302. Through bills of lading and similar documents of title - §7-1302. Through bills of lading and similar documents of title...

11 §7-1303. Diversion; reconsignment; change of instructions - §7-1303. Diversion; reconsignment; change of instructions (1). Unless the bill...

11 §7-1304. Tangible bills of lading in a set - §7-1304. Tangible bills of lading in a set (1). Except...

11 §7-1305. Destination bills - §7-1305. Destination bills (1). Instead of issuing a bill of...

11 §7-1306. Altered bills of lading - §7-1306. Altered bills of lading An unauthorized alteration or filling...

11 §7-1307. Lien of carrier - §7-1307. Lien of carrier (1). A carrier has a lien...

11 §7-1308. Enforcement of carrier's lien - §7-1308. Enforcement of carrier's lien (1). A carrier's lien on...

11 §7-1309. Duty of care; contractual limitation of carrier's liability - §7-1309. Duty of care; contractual limitation of carrier's liability (1)....

Part 4: WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS

11 §7-1401. Irregularities in issue of receipt or bill or conduct of issuer - §7-1401. Irregularities in issue of receipt or bill or conduct...

11 §7-1402. Duplicate document of title; overissue - §7-1402. Duplicate document of title; overissue A duplicate or any...

11 §7-1403. Obligation of bailee to deliver; excuse - §7-1403. Obligation of bailee to deliver; excuse (1). A bailee...

11 §7-1404. No liability for good faith delivery pursuant to document of title - §7-1404. No liability for good faith delivery pursuant to document...

Part 5: WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

11 §7-1501. Form of negotiation and requirements of due negotiation - §7-1501. Form of negotiation and requirements of due negotiation (1)....

11 §7-1502. Rights acquired by due negotiation - §7-1502. Rights acquired by due negotiation (1). Subject to sections...

11 §7-1503. Document of title to goods defeated in certain cases - §7-1503. Document of title to goods defeated in certain cases...

11 §7-1504. Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery - §7-1504. Rights acquired in absence of due negotiation; effect of...

11 §7-1505. Indorser not guarantor for other parties - §7-1505. Indorser not guarantor for other parties The indorsement of...

11 §7-1506. Delivery without indorsement; right to compel indorsement - §7-1506. Delivery without indorsement; right to compel indorsement The transferee...

11 §7-1507. Warranties on negotiation or delivery of document of title - §7-1507. Warranties on negotiation or delivery of document of title...

11 §7-1508. Warranties of collecting bank as to documents of title - §7-1508. Warranties of collecting bank as to documents of title...

11 §7-1509. Adequate compliance with commercial contract - §7-1509. Adequate compliance with commercial contract Whether a document of...

Part 6: WAREHOUSE RECEIPTS AND BILLS OF LADING: MISCELLANEOUS PROVISIONS

11 §7-1601. Lost, stolen or destroyed documents of title - §7-1601. Lost, stolen or destroyed documents of title (1). If...

11 §7-1602. Judicial process against goods covered by negotiable document of title - §7-1602. Judicial process against goods covered by negotiable document of...

11 §7-1603. Conflicting claims; interpleader - §7-1603. Conflicting claims; interpleader If more than one person claims...

Part 7: MISCELLANEOUS PROVISIONS

11 §7-1701. Effective date - §7-1701. Effective date This Article takes effect February 15, 2010....

11 §7-1702. Applicability - §7-1702. Applicability This Article applies to a document of title...

11 §7-1703. Savings clause - §7-1703. Savings clause A document of title issued or a...

Article 8: INVESTMENT SECURITIES (REPEALED)

Part 1: SHORT TITLE AND GENERAL MATTERS

11 §8-101. Short title; inconsistency with Uniform Act for Simplification of Fiduciary Security Transfers (REPEALED) - §8-101. Short title; inconsistency with Uniform Act for Simplification of...

11 §8-102. Definitions and index of definitions (REPEALED) - §8-102. Definitions and index of definitions (REPEALED) SECTION HISTORY PL...

11 §8-103. Issuer's lien (REPEALED) - §8-103. Issuer's lien (REPEALED) SECTION HISTORY PL 1987, c. 625,...

11 §8-104. Effect of overissue; "overissue" (REPEALED) - §8-104. Effect of overissue; "overissue" (REPEALED) SECTION HISTORY PL 1987,...

11 §8-105. Certificated securities negotiable; statements and instructions not negotiable; presumptions (REPEALED) - §8-105. Certificated securities negotiable; statements and instructions not negotiable; presumptions...

11 §8-106. Applicability (REPEALED) - §8-106. Applicability (REPEALED) SECTION HISTORY PL 1987, c. 625, §3...

11 §8-107. Securities transferable; action for price (REPEALED) - §8-107. Securities transferable; action for price (REPEALED) SECTION HISTORY PL...

11 §8-108. Registration of pledge and release of uncertificated securities (REPEALED) - §8-108. Registration of pledge and release of uncertificated securities (REPEALED)...

Part 2: ISSUE-ISSUER

11 §8-201. "Issuer" (REPEALED) - §8-201. "Issuer" (REPEALED) SECTION HISTORY PL 1987, c. 625, §3...

11 §8-202. Issuer's responsibility and defenses; notice of defect or defense (REPEALED) - §8-202. Issuer's responsibility and defenses; notice of defect or defense...

11 §8-203. Staleness as notice of defects or defenses (REPEALED) - §8-203. Staleness as notice of defects or defenses (REPEALED) SECTION...

11 §8-204. Effect of issuer's restrictions on transfer (REPEALED) - §8-204. Effect of issuer's restrictions on transfer (REPEALED) SECTION HISTORY...

11 §8-205. Effect of unauthorized signature on certificated security or initial transaction statement (REPEALED) - §8-205. Effect of unauthorized signature on certificated security or initial...

11 §8-206. Completion or alteration of certificated security or initial transaction statement (REPEALED) - §8-206. Completion or alteration of certificated security or initial transaction...

11 §8-207. Rights and duties of issuer with respect to registered owners and registered pledgees (REPEALED) - §8-207. Rights and duties of issuer with respect to registered...

11 §8-208. Effect of signature of authenticating trustee, registrar or transfer agent (REPEALED) - §8-208. Effect of signature of authenticating trustee, registrar or transfer...

Part 3: TRANSFER

11 §8-301. Rights acquired by purchaser (REPEALED) - §8-301. Rights acquired by purchaser (REPEALED) SECTION HISTORY PL 1967,...

11 §8-302. "Bona fide purchaser"; "adverse claim"; title acquired by bona fide purchaser (REPEALED) - §8-302. "Bona fide purchaser"; "adverse claim"; title acquired by bona...

11 §8-303. "Broker" (REPEALED) - §8-303. "Broker" (REPEALED) SECTION HISTORY PL 1987, c. 625, §3...

11 §8-304. Notice to purchaser of adverse claims (REPEALED) - §8-304. Notice to purchaser of adverse claims (REPEALED) SECTION HISTORY...

11 §8-305. Staleness as notice of adverse claims (REPEALED) - §8-305. Staleness as notice of adverse claims (REPEALED) SECTION HISTORY...

11 §8-306. Warranties on presentment and transfer of certificated securities; warranties of originators of instructions (REPEALED) - §8-306. Warranties on presentment and transfer of certificated securities; warranties...

11 §8-307. Effect of delivery without indorsement; right to compel indorsement (REPEALED) - §8-307. Effect of delivery without indorsement; right to compel indorsement...

11 §8-308. Indorsement; instructions (REPEALED) - §8-308. Indorsement; instructions (REPEALED) SECTION HISTORY PL 1987, c. 625,...

11 §8-309. Effect of indorsement without delivery (REPEALED) - §8-309. Effect of indorsement without delivery (REPEALED) SECTION HISTORY PL...

11 §8-310. Indorsement of certificated security in bearer form (REPEALED) - §8-310. Indorsement of certificated security in bearer form (REPEALED) SECTION...

11 §8-311. Effect of unauthorized indorsement or instruction (REPEALED) - §8-311. Effect of unauthorized indorsement or instruction (REPEALED) SECTION HISTORY...

11 §8-312. Effect of guaranteeing signature, indorsement or instruction (REPEALED) - §8-312. Effect of guaranteeing signature, indorsement or instruction (REPEALED) SECTION...

11 §8-313. When transfer to purchaser occurs: Financial intermediary as bona fide purchaser; "financial intermediary" (REPEALED) - §8-313. When transfer to purchaser occurs: Financial intermediary as bona...

11 §8-314. Duty to transfer, when completed (REPEALED) - §8-314. Duty to transfer, when completed (REPEALED) SECTION HISTORY PL...

11 §8-315. Action against transferee based upon wrongful transfer (REPEALED) - §8-315. Action against transferee based upon wrongful transfer (REPEALED) SECTION...

11 §8-316. Purchaser's right to requisites for registration of transfer, pledge, or release on books (REPEALED) - §8-316. Purchaser's right to requisites for registration of transfer, pledge,...

11 §8-317. Creditors' rights (REPEALED) - §8-317. Creditors' rights (REPEALED) SECTION HISTORY PL 1987, c. 625,...

11 §8-318. No conversion by good faith conduct (REPEALED) - §8-318. No conversion by good faith conduct (REPEALED) SECTION HISTORY...

11 §8-319. Statute of frauds (REPEALED) - §8-319. Statute of frauds (REPEALED) SECTION HISTORY PL 1987, c....

11 §8-320. Transfer or pledge within central depository system (REPEALED) - §8-320. Transfer or pledge within central depository system (REPEALED) SECTION...

11 §8-321. Enforceability, attachment, perfection and termination of security interests (REPEALED) - §8-321. Enforceability, attachment, perfection and termination of security interests (REPEALED)...

Part 4: REGISTRATION

11 §8-401. Duty of issuer to register transfer, pledge, or release (REPEALED) - §8-401. Duty of issuer to register transfer, pledge, or release...

11 §8-402. Assurance that indorsements and instructions are effective (REPEALED) - §8-402. Assurance that indorsements and instructions are effective (REPEALED) SECTION...

11 §8-403. Issuer's duty as to adverse claims (REPEALED) - §8-403. Issuer's duty as to adverse claims (REPEALED) SECTION HISTORY...

11 §8-404. Liability and nonliability for registration (REPEALED) - §8-404. Liability and nonliability for registration (REPEALED) SECTION HISTORY PL...

11 §8-405. Lost, destroyed, and stolen certificated securities (REPEALED) - §8-405. Lost, destroyed, and stolen certificated securities (REPEALED) SECTION HISTORY...

11 §8-406. Duty of authenticating trustee, transfer agent, or registrar (REPEALED) - §8-406. Duty of authenticating trustee, transfer agent, or registrar (REPEALED)...

11 §8-407. Exchangeability of securities (REPEALED) - §8-407. Exchangeability of securities (REPEALED) SECTION HISTORY PL 1987, c....

11 §8-408. Statements of uncertificated securities (REPEALED) - §8-408. Statements of uncertificated securities (REPEALED) SECTION HISTORY PL 1987,...

Article 8-A: INVESTMENT SECURITIES

Part 1: SHORT TITLE AND GENERAL MATTERS

11 §8-1101. Short title - §8-1101. Short title This Article may be known and cited...

11 §8-1102. Definitions - §8-1102. Definitions (1). As used in this Article, unless the...

11 §8-1103. Rules for determining whether certain obligations and interests are securities or financial assets - §8-1103. Rules for determining whether certain obligations and interests are...

11 §8-1104. Acquisition of security or financial asset or interest in a security or financial asset - §8-1104. Acquisition of security or financial asset or interest in...

11 §8-1105. Notice of adverse claim - §8-1105. Notice of adverse claim (1). A person has notice...

11 §8-1106. Control - §8-1106. Control (1). A purchaser has control of a certificated...

11 §8-1107. Whether indorsement, instruction or entitlement order is effective - §8-1107. Whether indorsement, instruction or entitlement order is effective (1)....

11 §8-1108. Warranties in direct holding - §8-1108. Warranties in direct holding (1). A person who transfers...

11 §8-1109. Warranties in indirect holding - §8-1109. Warranties in indirect holding (1). A person who originates...

11 §8-1110. Applicability; choice of law - §8-1110. Applicability; choice of law (1). The local law of...

11 §8-1111. Clearing corporation rules - §8-1111. Clearing corporation rules A rule adopted by a clearing...

11 §8-1112. Creditor's legal process - §8-1112. Creditor's legal process (1). The interest of a debtor...

11 §8-1113. Statute of frauds inapplicable - §8-1113. Statute of frauds inapplicable A contract or modification of...

11 §8-1114. Evidentiary rules concerning certificated securities - §8-1114. Evidentiary rules concerning certificated securities (1). The following rules...

11 §8-1115. Securities intermediary and others not liable to adverse claimant - §8-1115. Securities intermediary and others not liable to adverse claimant...

11 §8-1116. Securities intermediary as purchaser for value - §8-1116. Securities intermediary as purchaser for value A securities intermediary...

Part 2: ISSUE AND ISSUER

11 §8-1201. Issuer - §8-1201. Issuer (1). With respect to an obligation on or...

11 §8-1202. Issuer's responsibility and defenses; notice of defect or defense - §8-1202. Issuer's responsibility and defenses; notice of defect or defense...

11 §8-1203. Staleness as notice of defect or defense - §8-1203. Staleness as notice of defect or defense After an...

11 §8-1204. Effect of issuer's restriction on transfer - §8-1204. Effect of issuer's restriction on transfer A restriction on...

11 §8-1205. Effect of unauthorized signature on security certificate - §8-1205. Effect of unauthorized signature on security certificate An unauthorized...

11 §8-1206. Completion or alteration of security certificate - §8-1206. Completion or alteration of security certificate (1). If a...

11 §8-1207. Rights and duties of issuer with respect to registered owners - §8-1207. Rights and duties of issuer with respect to registered...

11 §8-1208. Effect of signature of authenticating trustee, registrar or transfer agent - §8-1208. Effect of signature of authenticating trustee, registrar or transfer...

11 §8-1209. Issuer's lien - §8-1209. Issuer's lien A lien in favor of an issuer...

11 §8-1210. Overissue - §8-1210. Overissue (1). In this section, "overissue" means the issue...

Part 3: TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

11 §8-1301. Delivery - §8-1301. Delivery (1). Delivery of a certificated security to a...

11 §8-1302. Rights of purchaser - §8-1302. Rights of purchaser (1). Except as otherwise provided in...

11 §8-1303. Protected purchaser - §8-1303. Protected purchaser (1). "Protected purchaser" means a purchaser of...

11 §8-1304. Indorsement - §8-1304. Indorsement (1). An indorsement may be in blank or...

11 §8-1305. Instruction - §8-1305. Instruction (1). If an instruction has been originated by...

11 §8-1306. Effect of guaranteeing signature, indorsement or instruction - §8-1306. Effect of guaranteeing signature, indorsement or instruction (1). A...

11 §8-1307. Purchaser's right to requisites for registration of transfer - §8-1307. Purchaser's right to requisites for registration of transfer Unless...

Part 4: REGISTRATION

11 §8-1401. Duty of issuer to register transfer - §8-1401. Duty of issuer to register transfer (1). If a...

11 §8-1402. Assurance that indorsement or instruction is effective - §8-1402. Assurance that indorsement or instruction is effective (1). An...

11 §8-1403. Demand that issuer not register transfer - §8-1403. Demand that issuer not register transfer (1). A person...

11 §8-1404. Wrongful registration - §8-1404. Wrongful registration (1). Except as otherwise provided in section...

11 §8-1405. Replacement of lost, destroyed or wrongfully taken security certificate - §8-1405. Replacement of lost, destroyed or wrongfully taken security certificate...

11 §8-1406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate - §8-1406. Obligation to notify issuer of lost, destroyed or wrongfully...

11 §8-1407. Authenticating trustee, transfer agent and registrar - §8-1407. Authenticating trustee, transfer agent and registrar A person acting...

Part 5: SECURITY ENTITLEMENTS

11 §8-1501. Securities account; acquisition of security entitlement from securities intermediary - §8-1501. Securities account; acquisition of security entitlement from securities intermediary...

11 §8-1502. Assertion of adverse claim against entitlement holder - §8-1502. Assertion of adverse claim against entitlement holder An action...

11 §8-1503. Property interest of entitlement holder in financial asset held by securities intermediary - §8-1503. Property interest of entitlement holder in financial asset held...

11 §8-1504. Duty of securities intermediary to maintain financial asset - §8-1504. Duty of securities intermediary to maintain financial asset (1)....

11 §8-1505. Duty of securities intermediary with respect to payments and distributions - §8-1505. Duty of securities intermediary with respect to payments and...

11 §8-1506. Duty of securities intermediary to exercise rights as directed by entitlement holder - §8-1506. Duty of securities intermediary to exercise rights as directed...

11 §8-1507. Duty of securities intermediary to comply with entitlement order - §8-1507. Duty of securities intermediary to comply with entitlement order...

11 §8-1508. Duty of securities intermediary to change entitlement holder's position to other form of security holding - §8-1508. Duty of securities intermediary to change entitlement holder's position...

11 §8-1509. Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder - §8-1509. Specification of duties of securities intermediary by other statute...

11 §8-1510. Rights of purchaser of security entitlement from entitlement holder - §8-1510. Rights of purchaser of security entitlement from entitlement holder...

11 §8-1511. Priority among security interests and entitlement holders - §8-1511. Priority among security interests and entitlement holders (1). Except...

Article 9: SECURED TRANSACTIONS; SALE OF ACCOUNTS, CONTRACT RIGHTS AND CHATTEL PAPERS (REPEALED)

Part 1: SHORT TITLE, APPLICABILITY AND DEFINITIONS

11 §9-101. Short title (REPEALED) - §9-101. Short title (REPEALED) SECTION HISTORY PL 1999, c. 699,...

11 §9-102. Policy and scope of Article (REPEALED) - §9-102. Policy and scope of Article (REPEALED) SECTION HISTORY PL...

11 §9-103. Perfection of security interests in multiple state transactions (REPEALED) - §9-103. Perfection of security interests in multiple state transactions (REPEALED)...

11 §9-103-A. Perfection of security interest in multiple state transactions (REPEALED) - §9-103-A. Perfection of security interest in multiple state transactions (REPEALED)...

11 §9-104. Transactions excluded from Article (REPEALED) - §9-104. Transactions excluded from Article (REPEALED) SECTION HISTORY PL 1977,...

11 §9-105. Definitions and index of definitions (REPEALED) - §9-105. Definitions and index of definitions (REPEALED) SECTION HISTORY PL...

11 §9-106. Definitions: "Account;" "general intangibles" (REPEALED) - §9-106. Definitions: "Account;" "general intangibles" (REPEALED) SECTION HISTORY PL 1977,...

11 §9-107. Definitions: "purchase money security interest" (REPEALED) - §9-107. Definitions: "purchase money security interest" (REPEALED) SECTION HISTORY PL...

11 §9-108. When after-acquired collateral not security for antecedent debt (REPEALED) - §9-108. When after-acquired collateral not security for antecedent debt (REPEALED)...

11 §9-109. Classification of goods: "consumer goods"; "equipment"; "farm products"; "inventory" (REPEALED) - §9-109. Classification of goods: "consumer goods"; "equipment"; "farm products"; "inventory"...

11 §9-110. Sufficiency of description (REPEALED) - §9-110. Sufficiency of description (REPEALED) SECTION HISTORY PL 1999, c....

11 §9-111. Applicability of bulk transfer laws (REPEALED) - §9-111. Applicability of bulk transfer laws (REPEALED) SECTION HISTORY PL...

11 §9-112. Where collateral is not owned by debtor (REPEALED) - §9-112. Where collateral is not owned by debtor (REPEALED) SECTION...

11 §9-113. Security interests arising under Article on sales (REPEALED) - §9-113. Security interests arising under Article on sales (REPEALED) SECTION...

11 §9-114. Consignment (REPEALED) - §9-114. Consignment (REPEALED) SECTION HISTORY PL 1977, c. 526, §26...

11 §9-115. Investment property (REPEALED) - §9-115. Investment property (REPEALED) SECTION HISTORY PL 1997, c. 429,...

11 §9-116. Security interest arising in purchase or delivery of financial asset (REPEALED) - §9-116. Security interest arising in purchase or delivery of financial...

Part 2: VALIDITY OF SECURITY AGREEMENT AND RIGHTS OF PARTIES THERETO

11 §9-201. General validity of security agreement (REPEALED) - §9-201. General validity of security agreement (REPEALED) SECTION HISTORY PL...

11 §9-202. Title to collateral immaterial (REPEALED) - §9-202. Title to collateral immaterial (REPEALED) SECTION HISTORY PL 1999,...

11 §9-203. Attachment and enforceability of security interest; proceeds, formal requisites (REPEALED) - §9-203. Attachment and enforceability of security interest; proceeds, formal requisites...

11 §9-204. After-acquired property; future advances (REPEALED) - §9-204. After-acquired property; future advances (REPEALED) SECTION HISTORY PL 1965,...

11 §9-205. Use or disposition of collateral without accounting permissible (REPEALED) - §9-205. Use or disposition of collateral without accounting permissible (REPEALED)...

11 §9-206. Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists (REPEALED) - §9-206. Agreement not to assert defenses against assignee; modification of...

11 §9-207. Rights and duties when collateral is in secured party's possession (REPEALED) - §9-207. Rights and duties when collateral is in secured party's...

11 §9-208. Request for statement of account or list of collateral (REPEALED) - §9-208. Request for statement of account or list of collateral...

Part 3: RIGHTS OF THIRD PARTIES; PERFECTED AND UNPERFECTED SECURITY INTERESTS; RULES OF PRIORITY

11 §9-301. Persons who take priority over unperfected security interests; rights of "lien creditor" (REPEALED) - §9-301. Persons who take priority over unperfected security interests; rights...

11 §9-302. When filing is required to perfect security interest; security interests to which filing provisions of this Article do not apply (REPEALED) - §9-302. When filing is required to perfect security interest; security...

11 §9-303. When security interest is perfected; continuity of perfection (REPEALED) - §9-303. When security interest is perfected; continuity of perfection (REPEALED)...

11 §9-304. Perfection of security interest in instruments, documents, proceeds of a written letter of credit and goods covered by documents; perfection by permissive filing; temporary perfection without filing or transfer of possession (REPEALED) - §9-304. Perfection of security interest in instruments, documents, proceeds of...

11 §9-305. When possession by secured party perfects security interest without filing (REPEALED) - §9-305. When possession by secured party perfects security interest without...

11 §9-306. "Proceeds"; secured party's rights on disposition of collateral (REPEALED) - §9-306. "Proceeds"; secured party's rights on disposition of collateral (REPEALED)...

11 §9-307. Protection of buyers of goods (REPEALED) - §9-307. Protection of buyers of goods (REPEALED) SECTION HISTORY PL...

11 §9-308. Purchase of chattel paper and instruments (REPEALED) - §9-308. Purchase of chattel paper and instruments (REPEALED) SECTION HISTORY...

11 §9-309. Protection of purchasers of instruments, documents and securities (REPEALED) - §9-309. Protection of purchasers of instruments, documents and securities (REPEALED)...

11 §9-310. Priority of certain liens arising by operation of law (REPEALED) - §9-310. Priority of certain liens arising by operation of law...

11 §9-311. Alienability of debtor's rights: judicial process (REPEALED) - §9-311. Alienability of debtor's rights: judicial process (REPEALED) SECTION HISTORY...

11 §9-312. Priorities among conflicting security interests in the same collateral (REPEALED) - §9-312. Priorities among conflicting security interests in the same collateral...

11 §9-313. Priority of security interests in fixtures (REPEALED) - §9-313. Priority of security interests in fixtures (REPEALED) SECTION HISTORY...

11 §9-314. Accessions (REPEALED) - §9-314. Accessions (REPEALED) SECTION HISTORY PL 1999, c. 699, §A1...

11 §9-315. Priority when goods are commingled or processed (REPEALED) - §9-315. Priority when goods are commingled or processed (REPEALED) SECTION...

11 §9-316. Priority subject to subordination (REPEALED) - §9-316. Priority subject to subordination (REPEALED) SECTION HISTORY PL 1999,...

11 §9-317. Secured party not obligated on contract of debtor (REPEALED) - §9-317. Secured party not obligated on contract of debtor (REPEALED)...

11 §9-318. Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; indentification and proof of assignment (REPEALED) - §9-318. Defenses against assignee; modification of contract after notification of...

Part 4: FILING

11 §9-401. Place of filing; erroneous filing; removal of collateral (REPEALED) - §9-401. Place of filing; erroneous filing; removal of collateral (REPEALED)...

11 §9-401-A. Place of filing; erroneous filing; removal of collateral (REPEALED) - §9-401-A. Place of filing; erroneous filing; removal of collateral (REPEALED)...

11 §9-402. Formal requisites of financing statements; amendments; mortgages as financing statements (REPEALED) - §9-402. Formal requisites of financing statements; amendments; mortgages as financing...

11 §9-403. What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer (REPEALED) - §9-403. What constitutes filing; duration of filing; effect of lapsed...

11 §9-404. Termination statement (REPEALED) - §9-404. Termination statement (REPEALED) SECTION HISTORY PL 1969, c. 225,...

11 §9-405. Assignment of security interest; duties of filing officer; fees (REPEALED) - §9-405. Assignment of security interest; duties of filing officer; fees...

11 §9-406. Release of collateral; duties of filing officer; fees (REPEALED) - §9-406. Release of collateral; duties of filing officer; fees (REPEALED)...

11 §9-407. Information from filing officer (REPEALED) - §9-407. Information from filing officer (REPEALED) SECTION HISTORY PL 1969,...

11 §9-408. Financing statements covering consigned or leased goods (REPEALED) - §9-408. Financing statements covering consigned or leased goods (REPEALED) SECTION...

11 §9-408-A. Financing statements covering consigned or leased goods (REPEALED) - §9-408-A. Financing statements covering consigned or leased goods (REPEALED) SECTION...

11 §9-409. Expedited service (REPEALED) - §9-409. Expedited service (REPEALED) SECTION HISTORY PL 1991, c. 465,...

11 §9-410. Access to Secretary of State's database (REPEALED) - §9-410. Access to Secretary of State's database (REPEALED) SECTION HISTORY...

11 §9-411. Publications (REPEALED) - §9-411. Publications (REPEALED) SECTION HISTORY RR 1991, c. 1, §19...

11 §9-412. Federal tax liens (REPEALED) - §9-412. Federal tax liens (REPEALED) SECTION HISTORY PL 1991, c....

11 §9-413. Powers of the Secretary of State (REPEALED) - §9-413. Powers of the Secretary of State (REPEALED) SECTION HISTORY...

Part 5: DEFAULT

11 §9-501. Default; procedure when security agreement covers both real and personal property (REPEALED) - §9-501. Default; procedure when security agreement covers both real and...

11 §9-502. Collection rights of secured party (REPEALED) - §9-502. Collection rights of secured party (REPEALED) SECTION HISTORY PL...

11 §9-503. Secured party's right to take possession after default (REPEALED) - §9-503. Secured party's right to take possession after default (REPEALED)...

11 §9-504. Secured party's right to dispose of collateral after default; effect of disposition (REPEALED) - §9-504. Secured party's right to dispose of collateral after default;...

11 §9-505. Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation (REPEALED) - §9-505. Compulsory disposition of collateral; acceptance of the collateral as...

11 §9-506. Debtor's right to redeem collateral (REPEALED) - §9-506. Debtor's right to redeem collateral (REPEALED) SECTION HISTORY PL...

11 §9-507. Secured party's liability for failure to comply with this part (REPEALED) - §9-507. Secured party's liability for failure to comply with this...

Article 9-A: TRANSACTIONS

Part 1: GENERAL PROVISIONS

Subpart 1: SHORT TITLE, DEFINITIONS AND GENERAL CONCEPTS

11 §9-1101. Short title - §9-1101. Short title This Article may be cited as "Uniform...

11 §9-1102. Definitions and index of definitions - §9-1102. Definitions and index of definitions As used in this...

11 §9-1103. Purchase-money security interest; application of payments; burden of establishing - §9-1103. Purchase-money security interest; application of payments; burden of establishing...

11 §9-1103-A. Production-money crops; production-money obligation; production-money security interest; burden of establishing - §9-1103-A. Production-money crops; production-money obligation; production-money security interest; burden of...

11 §9-1104. Control of deposit account - §9-1104. Control of deposit account (1). A secured party has...

11 §9-1105. Control of electronic chattel paper - §9-1105. Control of electronic chattel paper A secured party has...

11 §9-1106. Control of investment property - §9-1106. Control of investment property (1). A person has control...

11 §9-1107. Control of letter-of-credit right - §9-1107. Control of letter-of-credit right A secured party has control...

11 §9-1108. Sufficiency of description - §9-1108. Sufficiency of description (1). Except as otherwise provided in...

Subpart 2: APPLICABILITY OF ARTICLE

11 §9-1109. Scope - §9-1109. Scope (1). Except as otherwise provided in subsections (3)...

11 §9-1110. Security interests arising under Article 2 or 2-A - §9-1110. Security interests arising under Article 2 or 2-A A...

Part 2: EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT

Subpart 1: EFFECTIVENESS AND ATTACHMENT

11 §9-1201. General effectiveness of security agreement - §9-1201. General effectiveness of security agreement (1). Except as otherwise...

11 §9-1202. Title to collateral immaterial - §9-1202. Title to collateral immaterial Except as otherwise provided with...

11 §9-1203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites - §9-1203. Attachment and enforceability of security interest; proceeds; supporting obligations;...

11 §9-1204. After-acquired property; future advances - §9-1204. After-acquired property; future advances (1). Except as otherwise provided...

11 §9-1205. Use or disposition of collateral permissible - §9-1205. Use or disposition of collateral permissible (1). A security...

11 §9-1206. Security interest arising in purchase or delivery of financial asset - §9-1206. Security interest arising in purchase or delivery of financial...

Subpart 2: RIGHTS AND DUTIES

11 §9-1207. Rights and duties of secured party having possession or control of collateral - §9-1207. Rights and duties of secured party having possession or...

11 §9-1208. Additional duties of secured party having control of collateral - §9-1208. Additional duties of secured party having control of collateral...

11 §9-1209. Duties of secured party if account debtor has been notified of assignment - §9-1209. Duties of secured party if account debtor has been...

11 §9-1210. Request for accounting; request regarding list of collateral or statement of account - §9-1210. Request for accounting; request regarding list of collateral or...

Part 3: PERFECTION AND PRIORITY

Subpart 1: LAW GOVERNING PERFECTION AND PRIORITY

11 §9-1301. Law governing perfection and priority of security interests - §9-1301. Law governing perfection and priority of security interests Except...

11 §9-1302. Law governing perfection and priority of agricultural liens - §9-1302. Law governing perfection and priority of agricultural liens While...

11 §9-1303. Law governing perfection and priority of security interests in goods covered by certificate of title - §9-1303. Law governing perfection and priority of security interests in...

11 §9-1304. Law governing perfection and priority of security interests in deposit accounts - §9-1304. Law governing perfection and priority of security interests in...

11 §9-1305. Law governing perfection and priority of security interests in investment property - §9-1305. Law governing perfection and priority of security interests in...

11 §9-1306. Law governing perfection and priority of security interests in letter-of-credit rights - §9-1306. Law governing perfection and priority of security interests in...

11 §9-1307. Location of debtor - §9-1307. Location of debtor (1). In this section, "place of...

Subpart 2: PERFECTION

11 §9-1308. When security interest or agricultural lien is perfected; continuity of perfection - §9-1308. When security interest or agricultural lien is perfected; continuity...

11 §9-1309. Security interest perfected upon attachment - §9-1309. Security interest perfected upon attachment The following security interests...

11 §9-1310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply - §9-1310. When filing required to perfect security interest or agricultural...

11 §9-1311. Perfection of security interests in property subject to certain statutes, regulations and treaties - §9-1311. Perfection of security interests in property subject to certain...

11 §9-1312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money; perfection by permissive filing; temporary perfection without... - §9-1312. Perfection of security interests in chattel paper, deposit accounts,...

11 §9-1313. When possession by or delivery to secured party perfects security interest without filing - §9-1313. When possession by or delivery to secured party perfects...

11 §9-1314. Perfection by control - §9-1314. Perfection by control (1). A security interest in investment...

11 §9-1315. Secured party's rights on disposition of collateral and in proceeds - §9-1315. Secured party's rights on disposition of collateral and in...

11 §9-1316. Effect of change in governing law - §9-1316. Effect of change in governing law (1). A security...

Subpart 3: PRIORITY

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

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 - §9-1318. No interest retained in right to payment that is...

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

11 §9-1320. Buyer of goods - §9-1320. Buyer of goods (1). Except as otherwise provided in...

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...

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

11 §9-1323. Future advances - §9-1323. Future advances (1). Except as otherwise provided in subsection...

11 §9-1324. Priority of purchase-money security interests - §9-1324. Priority of purchase-money security interests (1). Except as otherwise...

11 §9-1324-A. Priority of production-money security interests and agricultural liens - §9-1324-A. Priority of production-money security interests and agricultural liens (1)....

11 §9-1325. Priority of security interests in transferred collateral - §9-1325. Priority of security interests in transferred collateral (1). Except...

11 §9-1326. Priority of security interests created by new debtor - §9-1326. Priority of security interests created by new debtor (1)....

11 §9-1327. Priority of security interests in deposit account - §9-1327. Priority of security interests in deposit account The following...

11 §9-1328. Priority of security interests in investment property - §9-1328. Priority of security interests in investment property The following...

11 §9-1329. Priority of security interests in letter-of-credit right - §9-1329. Priority of security interests in letter-of-credit right The following...

11 §9-1330. Priority of purchaser of chattel paper or instrument - §9-1330. Priority of purchaser of chattel paper or instrument (1)....

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 - §9-1331. Priority of rights of purchasers of instruments, documents and...

11 §9-1332. Transfer of money; transfer of funds from deposit account - §9-1332. Transfer of money; transfer of funds from deposit account...

11 §9-1333. Priority of certain liens arising by operation of law - §9-1333. Priority of certain liens arising by operation of law...

11 §9-1334. Priority of security interests in fixtures and crops - §9-1334. Priority of security interests in fixtures and crops (1)....

11 §9-1335. Accessions - §9-1335. Accessions (1). A security interest may be created in...

11 §9-1336. Commingled goods - §9-1336. Commingled goods (1). In this section, "commingled goods" means...

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

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

11 §9-1339. Priority subject to subordination - §9-1339. Priority subject to subordination This Article does not preclude...

Subpart 4: RIGHTS OF BANK

11 §9-1340. Effectiveness of right of recoupment or setoff against deposit account - §9-1340. Effectiveness of right of recoupment or setoff against deposit...

11 §9-1341. Bank's rights and duties with respect to deposit account - §9-1341. Bank's rights and duties with respect to deposit account...

11 §9-1342. Bank's right to refuse to enter into or disclose existence of control agreement - §9-1342. Bank's right to refuse to enter into or disclose...

Part 4: RIGHTS OF 3RD PARTIES

11 §9-1401. Alienability of debtor's rights - §9-1401. Alienability of debtor's rights (1). Except as otherwise provided...

11 §9-1402. Secured party not obligated on contract of debtor or in tort - §9-1402. Secured party not obligated on contract of debtor or...

11 §9-1403. Agreement not to assert defenses against assignee - §9-1403. Agreement not to assert defenses against assignee (1). In...

11 §9-1404. Rights acquired by assignee; claims and defenses against assignee - §9-1404. Rights acquired by assignee; claims and defenses against assignee...

11 §9-1405. Modification of assigned contract - §9-1405. Modification of assigned contract (1). A modification of or...

11 §9-1406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective - §9-1406. Discharge of account debtor; notification of assignment; identification and...

11 §9-1407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest - §9-1407. Restrictions on creation or enforcement of security interest in...

11 §9-1408. Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective - §9-1408. Restrictions on assignment of promissory notes, health-care-insurance receivables and...

11 §9-1409. Restrictions on assignment of letter-of-credit rights ineffective - §9-1409. Restrictions on assignment of letter-of-credit rights ineffective (1). A...

Part 5: FILING

Subpart 1: FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT

11 §9-1501. Filing office - §9-1501. Filing office (1). Except as otherwise provided in subsection...

11 §9-1502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement - §9-1502. Contents of financing statement; record of mortgage as financing...

11 §9-1503. Name of debtor and secured party - §9-1503. Name of debtor and secured party (1). A financing...

11 §9-1504. Indication of collateral - §9-1504. Indication of collateral A financing statement sufficiently indicates the...

11 §9-1505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions - §9-1505. Filing and compliance with other statutes and treaties for...

11 §9-1506. Effect of errors or omissions - §9-1506. Effect of errors or omissions (1). A financing statement...

11 §9-1507. Effect of certain events on effectiveness of financing statement - §9-1507. Effect of certain events on effectiveness of financing statement...

11 §9-1508. Effectiveness of financing statement if new debtor becomes bound by security agreement - §9-1508. Effectiveness of financing statement if new debtor becomes bound...

11 §9-1509. Persons entitled to file a record - §9-1509. Persons entitled to file a record (1). A person...

11 §9-1510. Effectiveness of filed record - §9-1510. Effectiveness of filed record (1). A filed record is...

11 §9-1511. Secured party of record - §9-1511. Secured party of record (1). A secured party of...

11 §9-1512. Amendment of financing statement - §9-1512. Amendment of financing statement (1). Subject to Section 9-1509,...

11 §9-1513. Termination statement - §9-1513. Termination statement (1). A secured party shall cause the...

11 §9-1514. Assignment of powers of secured party of record - §9-1514. Assignment of powers of secured party of record (1)....

11 §9-1515. Duration and effectiveness of financing statement; effect of lapsed financing statement - §9-1515. Duration and effectiveness of financing statement; effect of lapsed...

11 §9-1516. What constitutes filing; effectiveness of filing - §9-1516. What constitutes filing; effectiveness of filing (1). Except as...

11 §9-1517. Effect of indexing errors - §9-1517. Effect of indexing errors The failure of the filing...

11 §9-1518. Claim concerning inaccurate or wrongfully filed record - §9-1518. Claim concerning inaccurate or wrongfully filed record (1). A...

Subpart 2: DUTIES AND OPERATION OF FILING OFFICE

11 §9-1519. Numbering, maintaining and indexing records; communicating information provided in records - §9-1519. Numbering, maintaining and indexing records; communicating information provided in...

11 §9-1520. Acceptance and refusal to accept record - §9-1520. Acceptance and refusal to accept record (1). A filing...

11 §9-1521. Uniform form of written financing statement and amendment - §9-1521. Uniform form of written financing statement and amendment (1)....

11 §9-1522. Maintenance and destruction of records - §9-1522. Maintenance and destruction of records (1). The filing office...

11 §9-1523. Information from filing office; sale or license of records - §9-1523. Information from filing office; sale or license of records...

11 §9-1524. Delay by filing office - §9-1524. Delay by filing office Delay by the filing office...

11 §9-1525. Fees - §9-1525. Fees (1). Except as otherwise provided in subsections (2),...

11 §9-1526. Filing-office rules - §9-1526. Filing-office rules (1). The Secretary of State shall adopt...

Part 6: DEFAULT

Subpart 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

11 §9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes - §9-1601. Rights after default; judicial enforcement; consignor or buyer of...

11 §9-1602. Waiver and variance of rights and duties - §9-1602. Waiver and variance of rights and duties Except as...

11 §9-1603. Agreement on standards concerning rights and duties - §9-1603. Agreement on standards concerning rights and duties (1). The...

11 §9-1604. Procedure if security agreement covers real property or fixtures - §9-1604. Procedure if security agreement covers real property or fixtures...

11 §9-1605. Unknown debtor or secondary obligor - §9-1605. Unknown debtor or secondary obligor A secured party does...

11 §9-1606. Time of default for agricultural lien - §9-1606. Time of default for agricultural lien For purposes of...

11 §9-1607. Collection and enforcement by secured party - §9-1607. Collection and enforcement by secured party (1). If so...

11 §9-1608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus - §9-1608. Application of proceeds of collection or enforcement; liability for...

11 §9-1609. Secured party's right to take possession after default - §9-1609. Secured party's right to take possession after default (1)....

11 §9-1610. Disposition of collateral after default - §9-1610. Disposition of collateral after default (1). After default, a...

11 §9-1611. Notification before disposition of collateral - §9-1611. Notification before disposition of collateral (1). In this section,...

11 §9-1612. Timeliness of notification before disposition of collateral - §9-1612. Timeliness of notification before disposition of collateral (1). Except...

11 §9-1613. Contents and form of notification before disposition of collateral: general - §9-1613. Contents and form of notification before disposition of collateral:...

11 §9-1614. Contents and form of notification before disposition of collateral: consumer-goods transaction - §9-1614. Contents and form of notification before disposition of collateral:...

11 §9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus - §9-1615. Application of proceeds of disposition; liability for deficiency and...

11 §9-1616. Explanation of calculation of surplus or deficiency - §9-1616. Explanation of calculation of surplus or deficiency (1). In...

11 §9-1617. Rights of transferee of collateral - §9-1617. Rights of transferee of collateral (1). A secured party's...

11 §9-1618. Rights and duties of certain secondary obligors - §9-1618. Rights and duties of certain secondary obligors (1). A...

11 §9-1619. Transfer of record or legal title - §9-1619. Transfer of record or legal title (1). In this...

11 §9-1620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral - §9-1620. Acceptance of collateral in full or partial satisfaction of...

11 §9-1621. Notification of proposal to accept collateral - §9-1621. Notification of proposal to accept collateral (1). A secured...

11 §9-1622. Effect of acceptance of collateral - §9-1622. Effect of acceptance of collateral (1). A secured party's...

11 §9-1623. Right to redeem collateral - §9-1623. Right to redeem collateral (1). A debtor, any secondary...

11 §9-1624. Waiver - §9-1624. Waiver (1). A debtor or secondary obligor may waive...

Subpart 2: NONCOMPLIANCE WITH ARTICLE

11 §9-1625. Remedies for secured party's failure to comply with Article - §9-1625. Remedies for secured party's failure to comply with Article...

11 §9-1626. Action in which deficiency or surplus is in issue - §9-1626. Action in which deficiency or surplus is in issue...

11 §9-1627. Determination of whether conduct was commercially reasonable - §9-1627. Determination of whether conduct was commercially reasonable (1). The...

11 §9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor - §9-1628. Nonliability and limitation on liability of secured party; liability...

Part 7: TRANSITION

11 §9-1701. Effective date - §9-1701. Effective date This Article takes effect on July 1,...

11 §9-1702. Savings clause - §9-1702. Savings clause (1). Except as otherwise provided in this...

11 §9-1703. Security interest perfected before effective date - §9-1703. Security interest perfected before effective date (1). A security...

11 §9-1704. Security interest unperfected before effective date - §9-1704. Security interest unperfected before effective date A security interest...

11 §9-1705. Effectiveness of action taken before effective date - §9-1705. Effectiveness of action taken before effective date (1). If...

11 §9-1706. When initial financing statement suffices to continue effectiveness of financing statement - §9-1706. When initial financing statement suffices to continue effectiveness of...

11 §9-1707. Amendment of preeffective-date financing statement - §9-1707. Amendment of preeffective-date financing statement (1). In this section,...

11 §9-1708. Persons entitled to file initial financing statement or continuation statement - §9-1708. Persons entitled to file initial financing statement or continuation...

11 §9-1709. Priority - §9-1709. Priority (1). This Article determines the priority of conflicting...

Article 10: TRANSITION PROVISIONS

11 §10-101. Definitions; retroactivity - §10-101. Definitions; retroactivity (1). For the purposes of this Article,...

11 §10-102. Preservation of old transition provision - §10-102. Preservation of old transition provision Chapter 362, section 41...

11 §10-103. Transition to the new code; general rule - §10-103. Transition to the new code; general rule Transactions validly...

11 §10-104. Transition provision on change of requirement of filing - §10-104. Transition provision on change of requirement of filing A...

11 §10-105. Transition provision on change of place of filing - §10-105. Transition provision on change of place of filing (1)....

11 §10-106. Required refilings - §10-106. Required refilings (1). If a security interest is perfected...

11 §10-107. Transition provisions as to priorities - §10-107. Transition provisions as to priorities Except as otherwise provided...

11 §10-108. Presumption that rule of law continues unchanged - §10-108. Presumption that rule of law continues unchanged Unless a...

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Maine Revised Statutes TITLE 11: UNIFORM COMMERCIAL CODE

Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE