§ 9-1101 Short title
§ 9-1102 Definitions and index of definitions
§ 9-1103 Purchase-money security interest; application of payments; burden of establishing
§ 9-1103-A Production-money crops; production-money obligation; production-money security interest; burden of establishing
§ 9-1104 Control of deposit account
§ 9-1105 Control of electronic chattel paper
§ 9-1106 Control of investment property
§ 9-1107 Control of letter-of-credit right
§ 9-1108 Sufficiency of description
§ 9-1109 Scope
§ 9-1110 Security interests arising under Article 2 or 2-A
§ 9-1201 General effectiveness of security agreement
§ 9-1202 Title to collateral immaterial
§ 9-1203 Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
§ 9-1204 After-acquired property; future advances
§ 9-1205 Use or disposition of collateral permissible
§ 9-1206 Security interest arising in purchase or delivery of financial asset
§ 9-1207 Rights and duties of secured party having possession or control of collateral
§ 9-1208 Additional duties of secured party having control of collateral
§ 9-1209 Duties of secured party if account debtor has been notified of assignment
§ 9-1210 Request for accounting; request regarding list of collateral or statement of account
§ 9-1301 Law governing perfection and priority of security interests
§ 9-1302 Law governing perfection and priority of agricultural liens
§ 9-1303 Law governing perfection and priority of security interests in goods covered by certificate of title
§ 9-1304 Law governing perfection and priority of security interests in deposit accounts
§ 9-1305 Law governing perfection and priority of security interests in investment property
§ 9-1306 Law governing perfection and priority of security interests in letter-of-credit rights
§ 9-1307 Location of debtor
§ 9-1308 When security interest or agricultural lien is perfected; continuity of perfection
§ 9-1309 Security interest perfected upon attachment
§ 9-1310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
§ 9-1311 Perfection of security interests in property subject to certain statutes, regulations and treaties
§ 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 permiss
§ 9-1313 When possession by or delivery to secured party perfects security interest without filing
§ 9-1314 Perfection by control
§ 9-1315 Secured party’s rights on disposition of collateral and in proceeds
§ 9-1316 Effect of change in governing law
§ 9-1317 Interests that take priority over or take free of security interest or agricultural lien
§ 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
§ 9-1319 Rights and title of consignee with respect to creditors and purchasers
§ 9-1320 Buyer of goods
§ 9-1321 Licensee of general intangible and lessee of goods in ordinary course of business
§ 9-1322 Priorities among conflicting security interests in and agricultural liens on same collateral
§ 9-1323 Future advances
§ 9-1324 Priority of purchase-money security interests
§ 9-1324-A Priority of production-money security interests and agricultural liens
§ 9-1325 Priority of security interests in transferred collateral
§ 9-1326 Priority of security interests created by new debtor
§ 9-1327 Priority of security interests in deposit account
§ 9-1328 Priority of security interests in investment property
§ 9-1329 Priority of security interests in letter-of-credit right
§ 9-1330 Priority of purchaser of chattel paper or instrument
§ 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
§ 9-1332 Transfer of money; transfer of funds from deposit account
§ 9-1333 Priority of certain liens arising by operation of law
§ 9-1334 Priority of security interests in fixtures and crops
§ 9-1335 Accessions
§ 9-1336 Commingled goods
§ 9-1337 Priority of security interests in goods covered by certificate of title
§ 9-1338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
§ 9-1339 Priority subject to subordination
§ 9-1340 Effectiveness of right of recoupment or setoff against deposit account
§ 9-1341 Bank’s rights and duties with respect to deposit account
§ 9-1342 Bank’s right to refuse to enter into or disclose existence of control agreement
§ 9-1401 Alienability of debtor’s rights
§ 9-1402 Secured party not obligated on contract of debtor or in tort
§ 9-1403 Agreement not to assert defenses against assignee
§ 9-1404 Rights acquired by assignee; claims and defenses against assignee
§ 9-1405 Modification of assigned contract
§ 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 ineffe
§ 9-1407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest
§ 9-1408 Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective
§ 9-1409 Restrictions on assignment of letter-of-credit rights ineffective
§ 9-1501 Filing office
§ 9-1502 Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
§ 9-1503 Name of debtor and secured party
§ 9-1504 Indication of collateral
§ 9-1505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
§ 9-1506 Effect of errors or omissions
§ 9-1507 Effect of certain events on effectiveness of financing statement
§ 9-1508 Effectiveness of financing statement if new debtor becomes bound by security agreement
§ 9-1509 Persons entitled to file a record
§ 9-1510 Effectiveness of filed record
§ 9-1511 Secured party of record
§ 9-1512 Amendment of financing statement
§ 9-1513 Termination statement
§ 9-1514 Assignment of powers of secured party of record
§ 9-1515 Duration and effectiveness of financing statement; effect of lapsed financing statement
§ 9-1516 What constitutes filing; effectiveness of filing
§ 9-1517 Effect of indexing errors
§ 9-1518 Claim concerning inaccurate or wrongfully filed record
§ 9-1519 Numbering, maintaining and indexing records; communicating information provided in records
§ 9-1520 Acceptance and refusal to accept record
§ 9-1521 Uniform form of written financing statement and amendment
§ 9-1522 Maintenance and destruction of records
§ 9-1523 Information from filing office; sale or license of records
§ 9-1524 Delay by filing office
§ 9-1525 Fees
§ 9-1526 Filing-office rules
§ 9-1601 Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
§ 9-1602 Waiver and variance of rights and duties
§ 9-1603 Agreement on standards concerning rights and duties
§ 9-1604 Procedure if security agreement covers real property or fixtures
§ 9-1605 Unknown debtor or secondary obligor
§ 9-1606 Time of default for agricultural lien
§ 9-1607 Collection and enforcement by secured party
§ 9-1608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
§ 9-1609 Secured party’s right to take possession after default
§ 9-1610 Disposition of collateral after default
§ 9-1611 Notification before disposition of collateral
§ 9-1612 Timeliness of notification before disposition of collateral
§ 9-1613 Contents and form of notification before disposition of collateral: general
§ 9-1614 Contents and form of notification before disposition of collateral: consumer-goods transaction
§ 9-1615 Application of proceeds of disposition; liability for deficiency and right to surplus
§ 9-1616 Explanation of calculation of surplus or deficiency
§ 9-1617 Rights of transferee of collateral
§ 9-1618 Rights and duties of certain secondary obligors
§ 9-1619 Transfer of record or legal title
§ 9-1620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
§ 9-1621 Notification of proposal to accept collateral
§ 9-1622 Effect of acceptance of collateral
§ 9-1623 Right to redeem collateral
§ 9-1624 Waiver
§ 9-1625 Remedies for secured party’s failure to comply with Article
§ 9-1626 Action in which deficiency or surplus is in issue
§ 9-1627 Determination of whether conduct was commercially reasonable
§ 9-1628 Nonliability and limitation on liability of secured party; liability of secondary obligor
§ 9-1701 Effective date
§ 9-1702 Savings clause
§ 9-1703 Security interest perfected before effective date
§ 9-1704 Security interest unperfected before effective date
§ 9-1705 Effectiveness of action taken before effective date
§ 9-1706 When initial financing statement suffices to continue effectiveness of financing statement
§ 9-1707 Amendment of preeffective-date financing statement
§ 9-1708 Persons entitled to file initial financing statement or continuation statement
§ 9-1709 Priority

Terms Used In Maine Revised Statutes > Title 11 > Article 9-A

(a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Affiliate: means :  
  • A. See Maine Revised Statutes Title 13-C Sec. 1301
  • Agricultural commodity: means any plant, or part thereof, or animal or animal product produced by a person, including farmers, ranchers, vineyardists, plant propagators, Christmas tree growers, aquaculturists, floriculturists, orchardists, foresters or other comparable persons, primarily for sale, consumption, propagation or other use by humans or animals. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Agricultural lien: means an interest, other than a security interest, in farm products:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Aircraft: means any machine or device used or designed for navigation of, or flight in, the air. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • As-extracted collateral: means :  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Bank: includes savings banks, savings and loan associations, credit unions and trust companies. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficial owner: means any person who, directly or indirectly, through any contract, arrangement or understanding, other than a revocable proxy, has or shares the power to vote, or to direct the voting of, shares; except that a member of a national securities exchange is not considered to be a beneficial owner of securities held directly or indirectly by it on behalf of another person solely because the member is the record holder of the securities if the member is precluded by the rules of the exchange from voting without instruction on contested matters or matters that may affect substantially the rights or privileges of the holders of the securities to be voted. See Maine Revised Statutes Title 13-C Sec. 1301
  • Beneficial shareholder: means a person who is the beneficial owner of shares held in a voting trust or by a nominee on the beneficial owner's behalf. See Maine Revised Statutes Title 13-C Sec. 1301
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Benefit corporation: means a corporation:  
  • A. See Maine Revised Statutes Title 13-C Sec. 1802
  • Benefit director: means the director designated as the benefit director of a benefit corporation under section 1822. See Maine Revised Statutes Title 13-C Sec. 1802
  • Benefit enforcement proceeding: means a claim or action or proceeding for:  
  • A. See Maine Revised Statutes Title 13-C Sec. 1802
  • Benefit officer: means the individual designated as the benefit officer of a benefit corporation under section 1824. See Maine Revised Statutes Title 13-C Sec. 1802
  • Board: means the Board of Pesticides Control as established in section 1471-B. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Breathing apparatus: means any breathing device, either high or low pressure, which is used to sustain human life under adverse conditions. See Maine Revised Statutes Title 22 Sec. 1582
  • Cash proceeds: means proceeds that are money, checks, deposit accounts or the like. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Certificate of title: includes another record maintained as an alternative to a certificate of title by the governmental unit that issues certificate of title if a statute permits the security interest in question to be indicated on the record as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Certified applicator: means any person who is certified pursuant to section 1471-D and authorized to use or supervise the use of any pesticides. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Chambers: A judge's office.
  • Chattel paper: means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods and license of software used in the goods, a lease of specific goods or a lease of specific goods and license of software used in the goods. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Collateral: includes :  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Commercial applicator: means any person, whether or not the person is a private applicator with respect to some uses, who uses or supervises the use of any limited or restricted-use pesticides on any property other than as provided by subsection 22, or who uses general-use pesticides in custom application on such property. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Commercial tort claim: means a claim arising in tort with respect to which:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Commissioner: means the Commissioner of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A
  • Commodity account: means an account maintained by a commodity intermediary in which a commodity contract is carried for a commodity customer. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Commodity contract: means a commodity futures contract, an option on a commodity futures contract, a commodity option or another contract if the contract or option is:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Commodity customer: means a person for which a commodity intermediary carries a commodity contract on its books. 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
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Communicate: means :  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consignee: means a merchant to which goods are delivered in a consignment. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consignment: means a transaction, regardless of its form, in which a person delivers goods to a merchant for the purpose of sale and:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consignor: means a person that delivers goods to a consignee in a consignment. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consumer goods: means goods that are used or bought for use primarily for personal, family or household purposes. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consumer obligor: means an obligor who is an individual who incurred the obligation as part of a transaction entered into primarily for personal, family or household purposes. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consumer transaction: includes consumer-goods transactions. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Consumer-goods transaction: means a consumer transaction in which:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Continuation statement: means an amendment of a financing statement that:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Corporation: means the issuer of the shares held by a shareholder demanding appraisal and, for matters covered in sections 1323 to 1332, includes the surviving entity in a merger. See Maine Revised Statutes Title 13-C Sec. 1301
  • Custom application: means an application of a pesticide:  
  • A. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Customer: means an individual who is lawfully on the premises of a retail establishment. See Maine Revised Statutes Title 22 Sec. 1671
  • Debtor: means :  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Decedent: A deceased person.
  • defoliant: means any substance or mixture of substances intended for causing the leaves or foliage to drop from a plant, with or without causing abscission. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1582
  • Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A
  • Deposit account: means a demand, time, savings, passbook or similar account maintained with a bank. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • desiccant: means any substance or mixture of substances intended for artificially accelerating the drying of plant tissue. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • Distribute: means to offer for sale, hold for sale, sell, barter, ship, deliver for shipment or receive and, having so received, deliver or offer to deliver pesticides in this State. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Docket: A log containing brief entries of court proceedings.
  • Document: means a document of title or a receipt of the type described in section 7-1201, subsection (2). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Donor: The person who makes a gift.
  • Eating establishment: means an eating establishment licensed by the Department of Health and Human Services under chapter 562 which prepares and serves food to the public for consumption inside the premises. See Maine Revised Statutes Title 22 Sec. 1685
  • Electronic chattel paper: means chattel paper evidenced by a record or records consisting of information stored in an electronic medium. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Electronic smoking device: means a device used to deliver nicotine or any other substance intended for human consumption that may be used by a person to simulate smoking through inhalation of vapor or aerosol from the device, including, without limitation, a device manufactured, distributed, marketed or sold as an electronic cigarette, electronic cigar, electronic pipe, electronic hookah or so-called vape pen. See Maine Revised Statutes Title 22 Sec. 1541
  • Eligible medical condition: means Crohn's disease, ulcerative colitis or any other inflammatory bowel disease, irritable bowel syndrome, a condition requiring the use of an ostomy device or any other medical condition that requires immediate access to a toilet facility. See Maine Revised Statutes Title 22 Sec. 1671
  • Enclosed area: means a space between a floor and a ceiling that is demarcated on all sides by walls, windows, shutters, doors or passageways. See Maine Revised Statutes Title 22 Sec. 1541
  • Encumbrance: includes mortgages and other liens on real property. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equipment: means goods other than inventory, farm products or consumer goods. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Excluded shares: means shares acquired pursuant to an offer for all shares having voting power if the offer was made within one year prior to the corporate action for consideration of the same kind and of a value equal to or less than that paid in connection with the corporate action; and   [PL 2011, c. See Maine Revised Statutes Title 13-C Sec. 1301
  • Executor: A male person named in a will to carry out the decedent
  • Fair value: means the value of a corporation's shares determined:  
  • A. See Maine Revised Statutes Title 13-C Sec. 1301
  • Farm products: means goods, other than standing timber, with respect to which the debtor is engaged in a farming operation and that are:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Farming operation: means raising, cultivating, propagating, fattening, grazing or any other farming, livestock or aquacultural operation. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Fence: means a good quality fence or wall not less than 4 feet in height above ground surface and of a character to exclude children. See Maine Revised Statutes Title 22 Sec. 1631
  • FIFRA: means the Federal Insecticide, Fungicide and Rodenticide Act, 7 U. See Maine Revised Statutes Title 22 Sec. 1471-C
  • File number: means the number assigned to an initial financing statement pursuant to section 9-1519, subsection (1). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Filing office: means an office designated in section 9-1501 as the place to file a financing statement. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Filing-office rule: means a rule adopted pursuant to section 9-1526. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Fixture filing: includes the filing of a financing statement covering goods of a transmitting utility that are or are to become fixtures. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Fixtures: means goods that have become so related to particular real property that an interest in them arises under real property law. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Foreign jurisdiction: means a state other than this State. See Maine Revised Statutes Title 14 Sec. 402
  • Foreign subpoena: means a subpoena issued under authority of a court of record of a foreign jurisdiction. See Maine Revised Statutes Title 14 Sec. 402
  • Fungi: means all nonchlorophyll-bearing thallophytes, that is, all nonchlorophyll-bearing plants, of a lower order than mosses and liverworts, including but not limited to rusts, smuts, mildews and molds, except those on or in living man or other animals or those on or in processed food, beverages or pharmaceuticals. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Fungicide: means any substance or mixture of substances intended for destroying or repelling any fungi or mitigating or preventing damage by any fungi. See Maine Revised Statutes Title 22 Sec. 1471-C
  • General intangible: includes payment intangibles and software. See Maine Revised Statutes Title 11 Sec. 9-1102
  • General public benefit: means a material positive impact on society and the environment, taken as a whole, assessed against a 3rd-party standard, from the business and operations of a benefit corporation. See Maine Revised Statutes Title 13-C Sec. 1802
  • General use pesticide: means any pesticide that is required to be registered by the board pursuant to Title 7, chapter 103, subchapter 2-A and that is not a restricted use or limited use pesticide, as defined in this section. See Maine Revised Statutes Title 22 Sec. 1471-C
  • General use pesticide dealer: means any person who distributes general use pesticides. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Goods: includes :  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Governmental unit: includes an organization having a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Ground equipment: means any machine or device, other than aircraft, for use on land or water, designed for, or adaptable to, use in applying pesticides as sprays, dusts, aerosols, fogs, or in other forms. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Health care: means any care, treatment, service or procedure to maintain, diagnose or otherwise affect an individual's physical or mental condition. See Maine Revised Statutes Title 22 Sec. 1501
  • 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
  • Herbicides: means any substance or mixture of substances intended for preventing, destroying, repelling or mitigating any weed. See Maine Revised Statutes Title 22 Sec. 1471-C
  • hookah: means a device used for smoking tobacco that consists of a tube connected to a container where the smoke is cooled by passing through water. See Maine Revised Statutes Title 22 Sec. 1541
  • Household use pesticide product: means any general use pesticide product that contains no more than 3% active ingredients and that is applied undiluted by homeowners to control pests in and around the family dwelling and associated structures. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Independent: means having no material relationship with a benefit corporation or a subsidiary of the benefit corporation, except that serving as benefit director or benefit officer does not make an individual not independent. See Maine Revised Statutes Title 13-C Sec. 1802
  • Infant: means a person who has not attained the age of 18 years. See Maine Revised Statutes Title 1 Sec. 72
  • Insect: means any of the numerous small invertebrate animals generally having the body more or less obviously segmented, for the most part belonging to the class insecta, comprising 6-legged, usually winged forms, including but not limited to beetles, bugs, bees, flies and other allied classes of arthropods whose members are wingless and usually have more than 6 legs, including but not limited to mites, ticks, centipedes and wood lice. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Insecticide: means any substance or mixture of substances intended for destroying or repelling any insect, or mitigating or preventing damage by any insects. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Instrument: means a negotiable instrument or any other writing that evidences a right to the payment of a monetary obligation, is not itself a security agreement or lease and is of a type that in the ordinary course of business is transferred by delivery with any necessary indorsement or assignment. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Interest: means interest from the effective date of a corporate action until the date of payment, at the rate of interest on judgments in this State on the effective date of the corporate action. See Maine Revised Statutes Title 13-C Sec. 1301
  • Interested person: means a person, or an affiliate of a person, who at any time during the one-year period immediately preceding approval by the board of directors of the corporate action:  
    (1) Was the beneficial owner of 20% or more of the voting power of the corporation, other than as owner of excluded shares;  
    (2) Had the power, contractually or otherwise, other than as owner of excluded shares, to cause the appointment or election of 25% or more of the directors to the board of directors of the corporation; or  
    (3) Was a senior executive or director of the corporation or a senior executive of any affiliate thereof and will receive, as a result of the corporate action, a financial benefit not generally available to other shareholders as such, other than:  
    (a) Employment, consulting, retirement or similar benefits established separately and not as part of or in contemplation of the corporate action;  
    (b) Employment, consulting, retirement or similar benefits established in contemplation of, or as part of, the corporate action that are not more favorable than those existing before the corporate action or, if more favorable, that have been approved on behalf of the corporation in the same manner as is provided in section 873; or  
    (c) In the case of a director of the corporation who will, in the corporate action, become a director of the acquiring entity in the corporate action or one of its affiliates, rights and benefits as a director that are provided on the same basis as those afforded by the acquiring entity generally to other directors of the entity or the affiliate. See Maine Revised Statutes Title 13-C Sec. 1301
  • Interested transaction: means a corporate action described in section 1302, subsection 1, other than a merger pursuant to section 1105, involving an interested person in which any of the shares or assets of the corporation are being acquired or converted. See Maine Revised Statutes Title 13-C Sec. 1301
  • Inventory: means goods, other than farm products, that:  
  • (a). 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
  • Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
  • Letter-of-credit right: means a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Lien creditor: means :  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Limited use pesticide: means any pesticide or pesticide use classified for limited use by the board. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Lineal descendant: Direct descendant of the same ancestors.
  • live birth: as used in this chapter , shall mean a product of conception after complete expulsion or extraction from its mother, irrespective of the duration of pregnancy, which breathes or shows any other evidence of life such as beating of the heart, pulsation of the umbilical cord or definite movement of voluntary muscles, whether or not the umbilical cord has been cut or the placenta is attached. See Maine Revised Statutes Title 22 Sec. 1595
  • Major forest insect aerial spray application: means a project to apply pesticides against a forest insect pest by aerial application over an area containing at least 1,000 acres in the aggregate. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Manufactured home: includes the plumbing, heating, air-conditioning and electrical systems contained in the structure. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Manufactured-home transaction: means a secured transaction:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Minimum status vote: means :  
  • A. See Maine Revised Statutes Title 13-C Sec. 1802
  • Minor: means a person under 18 years of age. See Maine Revised Statutes Title 22 Sec. 1501
  • Minor forest insect aerial spray application: means a project to apply pesticides against a forest insect pest by aerial application over an area containing less than 1,000 acres in the aggregate. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Minority: when used in reference to age shall mean under the age of 18. See Maine Revised Statutes Title 1 Sec. 72
  • monetary obligation: means a monetary obligation secured by the goods or owed under a lease of the goods and includes a monetary obligation with respect to software used in the goods. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Month: means a calendar month. See Maine Revised Statutes Title 1 Sec. 72
  • Mortgage: means a consensual interest in real property, including fixtures, that secures payment or performance of an obligation. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Municipal officers: means the mayor and aldermen or councillors of a city, the selectmen or councillors of a town and the assessors of a plantation. See Maine Revised Statutes Title 1 Sec. 72
  • Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30-A, Part 2. See Maine Revised Statutes Title 1 Sec. 72
  • New debtor: means a person that becomes bound as debtor under section 9-1203, subsection (4) by a security agreement previously entered into by another person. See Maine Revised Statutes Title 11 Sec. 9-1102
  • New value: 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
  • 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
  • occupational disease: means any abnormal condition or disorder, including an occupational injury, caused by exposure to environmental factors associated with employment. See Maine Revised Statutes Title 22 Sec. 1491
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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
  • Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality or any other legal or commercial entity. See Maine Revised Statutes Title 14 Sec. 402
  • Person: means any individual, partnership, association, fiduciary, corporation, governmental entity or any organized group of persons whether incorporated or not. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Personal property: All property that is not real property.
  • pest: means any insect, rodent, nematode, fungus, weed, or any other form of terrestrial or aquatic plant or animal life or virus, bacteria or other micro-organism, except viruses, bacteria or other micro-organisms on or in living man or other living animals, which the commissioner declares to be a pest. See Maine Revised Statutes Title 22 Sec. 1471-C
  • pesticide: means any substance or mixture of substances intended for preventing, destroying, repelling or mitigating any pest, and any substance or mixture of substances intended for use as a plant regulator, defoliant or desiccant. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Pesticide dealer: means any person who distributes limited or restricted use pesticides. See Maine Revised Statutes Title 22 Sec. 1471-C
  • plant regulator: means any substance or mixture of substances intended, through physiological action, for accelerating or retarding the rate of growth or rate of maturation, or for otherwise altering the behavior of plants or the produce thereof, but shall not include substances to the extent that they are intended as plant nutrients, trace elements, nutritional chemicals, plant inoculants and soil amendments. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Preferred shares: means a class or series of shares whose holders have preference over any other class or series of shares with respect to distributions. See Maine Revised Statutes Title 13-C Sec. 1301
  • Private applicator: means any person who uses or supervises the use of any pesticide which is classified for restricted or limited use for purposes of producing any agricultural commodity on property owned or rented by him or his employer or, if applied without compensation other than trading of personal services between producers of agricultural commodities, on the property of another person. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Private applicator of general use pesticides: means a person who uses or supervises the use of general use pesticides for purposes of producing agricultural commodities on property owned or rented by that person or that person's employer when:  
  • A. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Probate: Proving a will
  • Proceeds: means the following property:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Production money crops: means crops that secure a production-money obligation incurred with respect to the production of those crops. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Production-money obligation: means an obligation of an obligor incurred for new value given to enable the debtor to produce crops if the value is in fact used for the production of the crops. 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
  • Proposal: means a record authenticated by a secured party that includes the terms on which the secured party is willing to accept collateral in full or partial satisfaction of the obligation it secures pursuant to sections 9-1620, 9-1621 and 9-1622. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Public organic record: means a record that is available to the public for inspection and is:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Public place: means any place not open to the sky into which the public is invited or allowed. See Maine Revised Statutes Title 22 Sec. 1541
  • Public-finance transaction: means a secured transaction in connection with which:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Quorum: The number of legislators that must be present to do business.
  • Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • record owner: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Record shareholder: means a person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with the corporation. See Maine Revised Statutes Title 13-C Sec. 1301
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Registered organization: means an organization formed or organized solely under the law of a single state or of the United States by the filing of a public organic record with, the issuance of a public organic record by or the enactment of legislation by the state or the United States. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Restricted use pesticide: means any pesticide or pesticide use classified for use only by or under the direct supervision of a certified applicator by the Administrator of the United States Environmental Protection Agency or by the Commissioner of Agriculture, Conservation and Forestry. See Maine Revised Statutes Title 22 Sec. 1471-C
  • Retail establishment: means a place of business open to the general public for the sale of goods or services. See Maine Revised Statutes Title 22 Sec. 1671
  • 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
  • Security agreement: means an agreement that creates or provides for a security interest. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Senior executive: means a chief executive officer, chief operating officer, chief financial officer and anyone in charge of a principal business unit or function. See Maine Revised Statutes Title 13-C Sec. 1301
  • Shareholder: means both a record shareholder and a beneficial shareholder. See Maine Revised Statutes Title 13-C Sec. 1301
  • Shopping center: means any building or facility containing 6 or more separate retail establishments that are planned, developed, owned or managed as a unit, with an off-street public parking area of not less than 2 acres. See Maine Revised Statutes Title 22 Sec. 1671
  • Smoking: includes carrying or having in one's possession a lighted or heated cigarette, cigar or pipe or a lighted or heated tobacco or plant product intended for human consumption through inhalation whether natural or synthetic in any manner or in any form. See Maine Revised Statutes Title 22 Sec. 1541
  • Software: means a computer program and any supporting information provided in connection with a transaction relating to the program. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Specific public benefit: means any particular benefit to society or the environment, including without limitation:  
  • A. See Maine Revised Statutes Title 13-C Sec. 1802
  • Spray contracting firm: means a person, as defined in this section, employed or contracted to conduct a public or private pesticide application. See Maine Revised Statutes Title 22 Sec. 1471-C
  • State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. See Maine Revised Statutes Title 11 Sec. 9-1102
  • State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, a federally recognized Indian tribe or any territory or insular possession subject to the jurisdiction of the United States. See Maine Revised Statutes Title 14 Sec. 402
  • Subpoena: means a document, however denominated, issued under authority of a court of record requiring a person to:  
  • A. See Maine Revised Statutes Title 14 Sec. 402
  • Subsidiary: means , in relation to a person, an entity in which the person owns beneficially or of record 50% or more of the outstanding equity interests, calculated as if all outstanding rights to acquire equity interests in the entity had been exercised. See Maine Revised Statutes Title 13-C Sec. 1802
  • Suppliers of compressed air: means any organization, agency, individual, firm, partnership or corporation that provides compressed air to be used in self-contained breathing apparatus. See Maine Revised Statutes Title 22 Sec. 1582
  • Supporting obligation: means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument or investment property. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Surrogate: means :  
  • A. See Maine Revised Statutes Title 22 Sec. 1501
  • Swimming pool: means an outdoor artificial receptacle or other container, whether in or above the ground, used or intended to be used to contain water for swimming or bathing and designed for a water depth of 24 inches or more. See Maine Revised Statutes Title 22 Sec. 1631
  • Tangible chattel paper: means chattel paper evidenced by a record or records consisting of information that is inscribed on a tangible medium. See Maine Revised Statutes Title 11 Sec. 9-1102
  • Termination statement: means an amendment of a financing statement that:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Testator: A male person who leaves a will at death.
  • Tester of compressed air: means any organization, agency, individual, firm, partnership or corporation that is recognized by the department as qualified to inspect and test suppliers of compressed air. See Maine Revised Statutes Title 22 Sec. 1582
  • Third-party standard: means a recognized standard for defining, reporting and assessing corporate social and environmental performance that:  
  • A. See Maine Revised Statutes Title 13-C Sec. 1802
  • Tobacco specialty store: means a retail business under 2,000 square feet in which at least 60% of the business's gross revenue for the last calendar year was derived from the sale of tobacco or tobacco-related products. See Maine Revised Statutes Title 22 Sec. 1541
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Town: includes cities and plantations, unless otherwise expressed or implied. See Maine Revised Statutes Title 1 Sec. 72
  • Transmitting utility: means a person primarily engaged in the business of:  
  • (a). See Maine Revised Statutes Title 11 Sec. 9-1102
  • Trustee: A person or institution holding and administering property in trust.
  • Venue: The geographical location in which a case is tried.
  • Verdict: The decision of a petit jury or a judge.
  • Weed: means any plant which grows where not wanted. See Maine Revised Statutes Title 22 Sec. 1471-C