§9-1509. Persons entitled to file a record

Link to law: http://legislature.maine.gov/legis/statutes/11/title11sec9-1509.html
Published: 2015

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§9-1509. Persons entitled to file a record








(1). 
 
A person may file an initial financing statement, amendment that adds collateral
covered by a financing statement or amendment that adds a debtor to a financing statement
only if:





(a). The debtor authorizes the filing in an authenticated record or pursuant to subsection
(2) or (3); or [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]











(b). The person holds an agricultural lien that has become effective at the time of filing
and the financing statement covers only collateral in which the person holds an agricultural
lien. [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]








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








(2). 
 
By authenticating or becoming bound as debtor by a security agreement, a debtor
or new debtor authorizes the filing of an initial financing statement, and an amendment,
covering:





(a). The collateral described in the security agreement; and [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]











(b). Property that becomes collateral under section 9-1315, subsection (1), paragraph
(b), whether or not the security agreement expressly covers proceeds. [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]








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








(3). 
 
By acquiring collateral in which a security interest or agricultural lien continues
under section 9-1315, subsection 1, paragraph (a), a debtor authorizes the filing
of an initial financing statement, and an amendment, covering the collateral and property
that becomes collateral under section 9-1315, subsection (1), paragraph (b).


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








(4). 
 
A person may file an amendment other than an amendment that adds collateral covered
by a financing statement or an amendment that adds a debtor to a financing statement
only if:





(a). The secured party of record authorizes the filing; or [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]











(b). The amendment is a termination statement for a financing statement as to which the
secured party of record has failed to file or send a termination statement as required
by section 9-1513, subsection (1) or (3), the debtor authorizes the filing and the
termination statement indicates that the debtor authorized it to be filed. [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]








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








(5). 
 
If there is more than one secured party of record for a financing statement, each
secured party of record may authorize the filing of an amendment under subsection
(4).


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





SECTION HISTORY

1999, c. 699, §A2 (NEW).
1999, c. 699, §A4 (AFF).