The following security interests are perfected when they attach: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(1). A purchase-money security interest in a consumer good having a purchase price of $10,000 or less, except as otherwise provided in section 9?1311, subsection (2) with respect to consumer goods that are subject to a statute or treaty described in section 9?1311, subsection (1);

[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. 9-1309

(a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Commodity intermediary: means a person that:
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Contract: A legal written agreement that becomes binding when signed.
  • Debtor: means :
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Decedent: A deceased person.
  • Goods: includes :
    • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Health-care-insurance receivable: means an interest in or claim under a policy of insurance that is a right to payment of a monetary obligation for health-care goods or services provided or to be provided. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Investment property: means a security, whether certificated or uncertificated, security entitlement, securities account, commodity contract or commodity account. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Payment intangible: means a general intangible under which the account debtor's principal obligation is a monetary obligation. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Promissory note: means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Statute: A law passed by a legislature.
    • (2). An assignment of accounts or payment intangibles that does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;

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

    (3). A sale of a payment intangible;

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

    (4). A sale of a promissory note;

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

    (5). A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;

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

    (6). A security interest arising under section 2?401, 2?505, 2?711, subsection (3) or 2?1508, subsection (5), until the debtor obtains possession of the collateral;

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

    (7). A security interest of a collecting bank arising under section 4?210;

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

    (8). A security interest of an issuer or nominated person arising under section 5?1118;

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

    (9). A security interest arising in the delivery of a financial asset under section 9?1206, subsection (3);

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

    (10). A security interest in investment property created by a broker or securities intermediary;

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

    (11). A security interest in a commodity contract or a commodity account created by a commodity intermediary;

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

    (12). An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and

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

    (13). A security interest created by an assignment of a beneficial interest in a decedent‘s estate.

    [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).
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