Maine § 15-303. - Security interest unperfected before effective date
Full text of Maine Maine Revised Statutes § 15-303. — Security interest unperfected before effective date, with citation guidance and answers to common questions.
§ 15-303.. Security interest unperfected before effective date
A security interest that is enforceable immediately before July 1, 2025 but is unperfected at that time: [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
(1). Remains an enforceable security interest until the adjustment date;
(2). Remains enforceable thereafter if the security interest becomes enforceable under section 9‑1203, as in effect on July 1, 2025, on July 1, 2025 or before the adjustment date; and
(3). Becomes perfected:
(a). Without further action, on July 1, 2025 if the requirements for perfection under this Title as in effect on July 1, 2025 are satisfied before or at that time; or [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
(b). When the requirements for perfection under this Title are satisfied if the requirements are satisfied after that time. [PL 2023, c. 669, Pt. C, §1 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 15-303.
What does Maine Revised Statutes § 15-303. cover?
Section 15-303. ("Security interest unperfected before effective date") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 15-303.?
A common citation format is "Maine Revised Statutes § 15-303." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 15-303. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.