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| Sec. A-3. Legislative intent. This Act is the Maine enactment of the | | Uniform Commercial Code, Article 9 as revised by the National | | Conference of Commissioners on Uniform State Laws. The text of the | | uniform act has been changed to conform to Maine statutory | | conventions and the article is enacted as Article 9-A. Unless | | otherwise noted in a Maine comment, the changes are technical in | | nature and it is the intent of the Legislature that this Act be | | interpreted as substantively the same as the revised Article 9 of | | the uniform act. |
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| | | Sec. A-4. Effective date. This Part takes effect July 1, 2001. |
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| | | Sec. B-1. 11 MRSA §1-105, sub-§(2), as amended by PL 1997, c. 429, Pt. | | C, §2, is further amended to read: |
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| | | (2) When one of the following provisions of this Title | | specifies the applicable law, that provision governs a contrary | | agreement only to the extent permitted by the law (including the | | conflict of laws rules) so specified: |
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| | | Rights of creditors against sold goods. Section 2-402. |
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| | | Applicability of the Article on Leases. Sections 2-1105 and | | 2-1106. |
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| | | Applicability of the Article on Bank Deposits and | | Collections. Section 4-102. |
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| | | Governing law in the Article on Funds Transfers. Section 4- | | 1507. |
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| | | Letters of Credit. Section 5-1116. |
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| | | Applicability of the Article on Investment Securities. | | Section 8-1110. |
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| | Perfection provisions of the Article on Secured | Transactions. Section 9-103. |
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| | | Law governing perfection, the effect of perfection or | | nonperfection and the priority of security interests and | | agricultural liens.__Sections 9-1301 to 9-1307. |
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