LD 2245
pg. 309
Page 308 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 310 of 493
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LR 1087
Item 1

 
financing statement) constitutes the filing of a financing
statement as to the fixtures (but not, of course, as to other
goods). Section 9-515(g) [Maine cite section 9-1515, subsection
(7)] makes the usual fiveyear maximum life for financing
statements inapplicable to mortgages that operate as fixture
filings under Section 9-502(c) [Maine cite section 9-1502,
subsection (3)]. Such mortgages are effective for the duration
of the real-property recording.

 
Of course, if a combined mortgage covers chattels that are not
fixtures, a regular financing statement filing is necessary with
respect to the chattels, and subsection (c) [Maine cite
subsection (3)] is inapplicable. Likewise, a financing statement
filed as a "fixture filing"is not effective to perfect a security
interest in personal property other than fixtures.

 
In some cases it may be difficult to determine whether goods
are or will become fixtures. Nothing in this Part prohibits the
filing of a "precautionary" fixture filing, which would provide
protection in the event goods are determined to be fixtures. The
fact of filing should not be a factor in the determining whether
goods are fixtures. Cf. Section 9-505(b) [Maine cite section 9-
1505, subsection (2)].

 
§9-1503.__Name of debtor and secured party

 
(1)__A financing statement sufficiently provides the name of
the debtor:

 
(a)__If the debtor is a registered organization, only if the
financing statement provides the name of the debtor
indicated on the public record of the debtor's jurisdiction
of organization that shows the debtor to have been
organized;

 
(b)__If the debtor is a decedent's estate, only if the
financing statement provides the name of the decedent and
indicates that the debtor is an estate;

 
(c)__If the debtor is a trust or a trustee acting with
respect to property held in trust, only if the financing
statement:

 
(i)__Provides the name specified for the trust in its
organic documents or, if no name is specified, provides
the name of the settlor and additional information
sufficient to distinguish the debtor from other trusts
having one or more of the same settlors; and


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