LD 2245
pg. 146
Page 145 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 147 of 493
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LR 1087
Item 1

 
(e)__In certificated securities, documents, goods or
instruments that is perfected without filing or possession
under section 9-1312, subsection (5), (6) or (7);

 
(f)__In collateral in the secured party's possession under
section 9-1313;

 
(g)__In a certificated security that is perfected by
delivery of the security certificate to the secured party
under section 9-1313;

 
(h)__In deposit accounts, electronic chattel paper,
investment property or letter-of-credit rights that is
perfected by control under section 9-1314;

 
(i)__In proceeds that is perfected under section 9-1315; or

 
(j)__That is perfected under section 9-1316.

 
(3)__If a secured party assigns a perfected security interest
or agricultural lien, a filing under this Article is not required
to continue the perfected status of the security interest against
creditors of and transferees from the original debtor.

 
Official Comment

 
1. Source. Former Section 9-302(1), (2).

 
2. General Rule. Subsection (a) [Maine cite subsection (1)]
establishes a central Article 9 [Maine cite Article 9-A]
principle: Filing a financing statement is necessary for
perfection of security interests and agricultural liens.
However, filing is not necessary to perfect a security interest
that is perfected by another permissible method, see subsection
(b) [Maine cite subsection (2)], nor does filing ordinarily
perfect a security interest in a deposit account, letter-of-
credit right, or money. See Section 9-312(b) [Maine cite section
9-1312, subsection (2)]. Part 5 of the Article deals with the
office in which to file, mechanics of filing, and operations of
the filing office.

 
3. Exemptions from Filing. Subsection (b) [Maine cite
subsection (2)] lists the security interests for which filing is
not required as a condition of perfection, because they are
perfected automatically upon attachment (subsections (b)(2) and
(b)(9) [Maine cite subsection (2), paragraphs (b) and (i)]) or
upon the occurrence of another event (subsections (b)(1), (b)(5),
and (b)(9) [Maine cite subsection (2), paragraphs (a), (e) and
(i)]), because they are perfected under the law of another


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