| 2. Continued Perfection. This section deals with continued |
perfection of security interests that have been perfected under |
the law of another jurisdiction. The fact that the law of a |
particular jurisdiction ceases to govern perfection under |
Sections 9-301 through 9-307 [Maine cite sections 9-1301 to 9- |
1307] does not necessarily mean that a security interest |
perfected under that law automatically becomes unperfected. To |
the contrary: This section generally provides that a security |
interest perfected under the law of one jurisdiction remains |
perfected for a fixed period of time (four months or one year, |
depending on the circumstances), even though the jurisdiction |
whose law governs perfection changes. However, cessation of |
perfection under the law of the original jurisdiction cuts short |
the fixed period. The 4-month and one-year periods are long |
enough for a secured party to discover in most cases that the law |
of a different jurisdiction governs perfection and to reperfect |
(typically by filing) under the law of that jurisdiction. If a |
secured party properly reperfects a security interest before it |
becomes unperfected under subsection (a) [Maine cite subsection |
(1)], then the security interest remains perfected continuously |
thereafter. See subsection (b) [Maine cite subsection (2)]. |