United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 11, § 15-102: Definitions, 2023

This section defines terms used in the Article, including “Adjustment date,” “Article 12,” and “Article 12 property,” and points to other Uniform Commercial Code definitions that also apply.

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“This section defines terms used in the Article, including “Adjustment date,” “Article 12,” and “Article 12 property,” and points to other Uniform Commercial Code definitions that also apply.”

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    Enacted 2023 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Definitions

This section defines terms used in the Article, including “Adjustment date,” “Article 12,” and “Article 12 property,” and points to other Uniform Commercial Code definitions that also apply.

Section 15-102

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Source record from legislature.maine.gov · Enacted 2023 · Source version 1 Oct 2025

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Interpretation

Part 1

part 1 GENERAL PROVISIONS AND DEFINITIONS

§ 15-102DefinitionsInterpretation

This section defines terms used in the Article, including “Adjustment date,” “Article 12,” and “Article 12 property,” and points to other Uniform Commercial Code definitions that also apply.

(1). For the purposes of this Article, unless the context otherwise indicates, the following terms have the following meanings. (a). "Adjustment date" means July 1, 2026. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (b). "Article 12" means Article 12 of the Uniform Commercial Code. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (c). "Article 12 property" means a controllable account, controllable electronic record or controllable payment intangible. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (2). The following definitions in other Articles of the Uniform Commercial Code apply to this Article: (a). "Controllable account," section 9‑1102; [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (b). "Controllable electronic record," section 12‑102; [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (c). "Controllable payment intangible," section 9‑1102; and [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (d). "Financing statement," section 9‑1102. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).] (3). Article 1‑A contains general definitions and principles of construction and interpretation applicable throughout this Article. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
Section 15-102Verify source

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  • Uniform Commercial Code

    Section 15-102

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  • 1 Oct 2025 · currentEnglish

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