LD 2245
pg. 142
Page 141 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 143 of 493
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LR 1087
Item 1

 
(9)__A security interest arising in the delivery of a
financial asset under section 9-1206, subsection (3);

 
(10)__A security interest in investment property created by a
broker or securities intermediary;

 
(11)__A security interest in a commodity contract or a
commodity account created by a commodity intermediary;

 
(12)__An assignment for the benefit of all creditors of the
transferor and subsequent transfers by the assignee thereunder;
and

 
(13)__A security interest created by an assignment of a
beneficial interest in a decedent's estate.

 
Official Comment

 
1. Source. Derived from former Sections 9-302(1), 9-
115(4)(c), (d), 9-116.

 
2. Automatic Perfection. This section contains the
perfection-upon-attachment rules previously located in former
Sections 9-302(1), 9-115(4)(c), (d), and 9-116 [Maine cite
section 9-1302, subsection (1), section 9-115, subsection (4),
paragraph (c) and (d), and section 9-1116]. Rather than continue
to state the rule by indirection, this section explicitly
provides for perfection upon attachment.

 
3. Purchase-Money Security Interest in Consumer Goods.
Former Section 9-302(1)(d) has been revised and appears here as
paragraph (1) [Maine cite paragraph (a)]. No filing or other
step is required to perfect a purchase-money security interest in
consumer goods, other than goods, such as automobiles, that are
subject to a statute or treaty described in Section 9-311(a)
[Maine cite section 9-1311, subsection (1)]. However, filing is
required to perfect a non-purchase-money security interest in
consumer goods and is necessary to prevent a buyer of consumer
goods from taking free of a security interest under Section 9-
320(b) [Maine cite section 9-1320, subsection (2)]. A fixture
filing is required for priority over conflicting interests in
fixtures to the extent provided in Section 9-334 [Maine cite
section 9-1334].

 
4. Rights to Payment. Paragraph (2) [Maine cite paragraph
(b)] expands upon former Section 9-302(1)(e) by affording
automatic perfection to certain assignments of payment
intangibles as well as accounts. The purpose of paragraph (2)
[Maine cite paragraph (b)] is to save from ex post facto
invalidation casual or isolated assignments-assignments which no


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