LD 2245
pg. 76
Page 75 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 77 of 493
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LR 1087
Item 1

 
(c)__A statute of another state, a foreign country or a
governmental unit of another state or a foreign country,
other than a statute generally applicable to security
interests, expressly governs creation, perfection, priority
or enforcement of a security interest created by the state,
country or governmental unit; or

 
(d)__The rights of a transferee beneficiary or nominated
person under a letter of credit are independent and superior
under section 5-1114.

 
(4)__This Article does not apply to:

 
(a)__A landlord's lien, other than an agricultural lien;

 
(b)__A lien, other than an agricultural lien, given by
statute or other rule of law for services or materials, but
section 9-1333 applies with respect to priority of the lien;

 
(c)__An assignment of a claim for wages, salary or other
compensation of an employee;

 
(d)__A sale of accounts, chattel paper, payment intangibles
or promissory notes as part of a sale of the business out of
which they arose;

 
(e)__An assignment of accounts, chattel paper, payment
intangibles or promissory notes that is for the purpose of
collection only;

 
(f)__An assignment of a right to payment under a contract to
an assignee that is also obligated to perform under the
contract;

 
(g)__An assignment of a single account, payment intangible
or promissory note to an assignee in full or partial
satisfaction of a preexisting indebtedness;

 
(h)__A transfer of__an interest in or an assignment of a
claim under a policy of insurance, other than an assignment
by or to a health-care provider of a health-care-insurance
receivable and any subsequent assignment of the right to
payment, but sections 9-1315 and 9-1322 apply with respect
to proceeds and priorities in proceeds;

 
(i)__An assignment of a right represented by a judgment,
other than a judgment taken on a right to payment that was
collateral;

 
(j)__A right of recoupment or setoff, but:


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