| | | application of priority rules to returned and repossessed goods | | as proceeds of chattel paper. |
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| | | 9. Proceeds of Collateral Subject to Agricultural Lien. This | | Article does not determine whether a lien extends to proceeds of | | farm products encumbered by an agricultural lien. If, however, | | the proceeds are themselves farm products on which an | | "agricultural lien" (defined in Section 9-102 [Maine cite section | | 9-1102]) arises under other law, then the agricultural-lien | | provisions of this Article apply to the agricultural lien on the | | proceeds in the same way in which they would apply had the farm | | products not been proceeds. |
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| | | §9-1316.__Continued perfection of security interest following |
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| | | (1)__A security interest perfected pursuant to the law of the | | jurisdiction designated in section 9-1301, subsection (1) or | | section 9-1305, subsection (3) remains perfected until the | | earliest of: |
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| | | (a)__The time perfection would have ceased under the law of | | that jurisdiction; |
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| | | (b)__The expiration of 4 months after a change of the | | debtor's location to another jurisdiction; |
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| | | (c)__The expiration of one year after a transfer of | | collateral to a person that thereby becomes a debtor and is | | located in another jurisdiction; or |
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| | | (d)__The expiration of one year after a new debtor located | | in another jurisdiction becomes bound under section 9-1203, | | subsection (4). |
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| | | (2)__If a security interest described in subsection (1) | | becomes perfected under the law of the other jurisdiction before | | the earliest time or event described in that subsection, it | | remains perfected thereafter.__If the security interest does not | | become perfected under the law of the other jurisdiction before | | the earliest time or event, it becomes unperfected and is deemed | | never to have been perfected as against a purchaser of the | | collateral for value. |
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| | | (3)__A possessory security interest in collateral, other than | | goods covered by a certificate of title and collateral, as | | extracted, consisting of goods, remains continuously perfected | | if: |
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