LD 2245
pg. 125
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LR 1087
Item 1

 
priority of a security interest in a deposit account maintained
with that bank.

 
(2)__The following rules determine a bank's jurisdiction for
purposes of this Part.

 
(a)__If an agreement between the bank and the debtor
governing the deposit account expressly provides that a
particular jurisdiction is the bank's jurisdiction for
purposes of this Part, this Article or this Title, that
jurisdiction is the bank's jurisdiction.

 
(b)__If paragraph (a) does not apply and an agreement
between the bank and its customer governing the deposit
account expressly provides that the agreement is governed by
the law of a particular jurisdiction, that jurisdiction is
the bank's jurisdiction.

 
(c)__If neither paragraph (a) nor paragraph (b) applies and
an agreement between the bank and its customer governing the
deposit account expressly provides that the deposit account
is maintained at an office in a particular jurisdiction,
that jurisdiction is the bank's jurisdiction.

 
(d)__If none of the preceding paragraphs applies, the bank's
jurisdiction is the jurisdiction in which the office
identified in an account statement as the office serving the
customer's account is located.

 
(e)__If none of the preceding paragraphs applies, the bank's
jurisdiction is the jurisdiction in which the chief
executive office of the bank is located.

 
Official Comment

 
1. Source. New; derived from Section 8-110(e) and former
Section 9-103(6).

 
2. Deposit Accounts. Under this section, the law of the
"bank's jurisdiction" governs perfection and priority of a
security interest in deposit accounts. Subsection (b) [Maine
cite subsection (2)] contains rules for determining the "bank's
jurisdiction." The substance of these rules is substantially
similar to that of the rules determining the "security
intermediary's jurisdiction" under former Section 8-110(e),
except that subsection (b)(1) [Maine cite subsection (2),
paragraph (a)] provides more flexibility than the analogous
provision in former Section 8-110(e)(1). Subsection (b)(1)
[Maine cite subsection
(2), paragraph (a)] permits the parties to


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