Maine § 15-305. - Priority
Full text of Maine Maine Revised Statutes § 15-305. — Priority, with citation guidance and answers to common questions.
§ 15-305.. Priority
(1). Subject to subsections (2) and (3), this Title as in effect on July 1, 2025 determines the priority of conflicting claims to collateral.
(2). Subject to subsection (3), if the priorities of claims to collateral were established before July 1, 2025, Article 9‑A as in effect before July 1, 2025 determines priority.
(3). On the adjustment date, to the extent the priorities determined by Article 9‑A as in effect after July 1, 2025 modify the priorities established before July 1, 2025, the priorities of claims to Article 12 property established before July 1, 2025 cease to apply.
Frequently Asked Questions About Maine § 15-305.
What does Maine Revised Statutes § 15-305. cover?
Section 15-305. ("Priority") 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 § 15-305.?
A common citation format is "Maine Revised Statutes § 15-305." (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 § 15-305. 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.