LD 2245
pg. 28
Page 27 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 29 of 493
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LR 1087
Item 1

 
(b)__Standing timber that is to be cut and removed under a
conveyance or contract for sale;

 
(c)__The unborn young of animals;

 
(d)__Crops grown, growing or to be grown, even if the crops
are produced on trees, vines or bushes; and

 
(e)__Manufactured homes.

 
"Goods" also includes a computer program embedded in goods and
any supporting information provided in connection with a
transaction relating to the program if the program is associated
with the goods in such a manner that it customarily is considered
part of the goods; or by becoming the owner of the goods, a
person acquires a right to use the program in connection with the
goods.

 
"Goods" does not include a computer program embedded in goods
that consist solely of the medium in which the program is
embedded.__"Goods" also does not include accounts, chattel paper,
commercial tort claims, deposit accounts, documents, general
intangibles, instruments, investment property, letter-of-credit
rights, letters of credit, money, or oil, gas or other minerals
before extraction.

 
(45)__"Governmental unit" means a subdivision, agency,
department, county, parish, municipality or other unit of the
government of the United States, a state or a foreign country.__
"Governmental unit" includes an organization having a separate
corporate existence if the organization is eligible to issue debt
on which interest is exempt from income taxation under the laws
of the United States.

 
(46)__"Health-care-insurance receivable" means an interest in
or claim under a policy of insurance that is a right to payment
of a monetary obligation for health-care goods or services
provided.

 
(47)__"Instrument" means a negotiable instrument or any other
writing that evidences a right to the payment of a monetary
obligation, is not itself a security agreement or lease and is of
a type that in the ordinary course of business is transferred by
delivery with any necessary indorsement or assignment.__
"Instrument" does not include:

 
(a)__Investment property;

 
(b)__Letters of credit; or


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