LD 2245
pg. 204
Page 203 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 205 of 493
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LR 1087
Item 1

 
12. Agricultural Liens. Statutes other than this Article may
purport to grant priority to an agricultural lien as against a
conflicting security interest or agricultural lien. Under
subsection (g) [Maine cite subsection (7)], if another statute
grants priority to an agricultural lien, the agricultural lien has
priority only if the same statute creates the agricultural lien and
the agricultural lien is perfected. Otherwise, subsection (a)
[Maine cite subsection (1)] applies the same priority rules to an
agricultural lien as to a security interest, regardless of whether
the agricultural lien conflicts with another agricultural lien or
with a security interest.

 
Inasmuch as no agricultural lien on proceeds arises under this
Article, subsections (b) to (e) [Maine cite subsections (2) to
(5)] do not apply to proceeds of agricultural liens. However, if
an agricultural lien has priority under subsection (g) [Maine
cite subsection (7)] and the statute creating the agricultural
lien gives the secured party a lien on proceeds of the collateral
subject to the lien, a court should apply the principle of
subsection (g) [Maine cite subsection (7)] and award priority in
the proceeds to the holder of the perfected agricultural lien.

 
§9-1323.__Future advances

 
(1)__Except as otherwise provided in subsection (3), for
purposes of determining the priority of a perfected security
interest under section 9-1322, subsection (1), paragraph (a),
perfection of the security interest dates from the time an
advance is made to the extent that the security interest secures
an advance that:

 
(a)__Is made while the security interest is perfected only:

 
(i)__Under section 9-1309 when it attaches; or

 
(ii)__Temporarily under section 9-1312, subsection (5),
(6) or (7); and

 
(b)__Is not made pursuant to a commitment entered into
before or while the security interest is perfected by a
method other than under section 9-1309 or 9-1312 subsection
(5) (6) or (7).

 
(2)__Except as otherwise provided in subsection (3), a
security interest is subordinate to the rights of a person that
becomes a lien creditor while the security interest is perfected
only to the extent that it secures advances made more than 45
days after the person becomes a lien creditor unless the advance
is made:


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