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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 11, § 9-1709: Priority, 1999

This section sets priority rules for conflicting claims to collateral.

Source excerpt

collateralfinancing statementspriority of claimssecurity interests
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1999
Dates
Enacted 1999 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1999 · Source version 1 Oct 2025
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“This section sets priority rules for conflicting claims to collateral.”

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    Enacted 1999 · 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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Priority

This section sets priority rules for conflicting claims to collateral.

Section 9-1709

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Source record from legislature.maine.gov · Enacted 1999 · Source version 1 Oct 2025

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Part 7

part 7 TRANSITION

§ 9-1709PriorityProvision

Source excerpt

This section sets priority rules for conflicting claims to collateral.

(1). This Article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this Article takes effect, former Article 9 determines priority. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). For purposes of section 9‑1322, subsection (1), the priority of a security interest that becomes enforceable under section 9‑1203 of this Article dates from the time this Article takes effect if the security interest is perfected under this Article by the filing of a financing statement before this Article takes effect that would not have been effective to perfect the security interest under former Article 9. This subsection does not apply to conflicting security interests, each of which is perfected by the filing of such a financing statement. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
Section 9-1709Verify source

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  • 1 Oct 2025 · currentEnglish

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