{"data":{"id":"us-me/11-m.r.s.-9-1103-a","jurisdiction":"us-me","citation":"11 M.R.S. §9-1103-A","heading":"Production-money crops; production-money obligation; production-money security interest; burden of establishing","body":"(1).   A security interest in crops is a production-money security interest to the extent that the crops are production-money crops.\n(2).   If the extent to which a security interest is a production-money security interest depends on the application of a payment to a particular obligation, the payment must be applied:\n(a).  In accordance with any reasonable method of application to which the parties agree;\n(b).  In the absence of the parties' agreement to a reasonable method, in accordance with any intention of the obligor manifested at or before the time of payment; or\n(c).  In the absence of an agreement to a reasonable method and a timely manifestation of the obligor's intention, in the following order:\n(i)  To obligations that are not secured; and\n(ii)  If more than one obligation is secured, to obligations secured by production-money security interests in the order in which those obligations were incurred.\n(3).   A production-money security interest does not lose its status as such, even if:\n(a).  The production-money crops also secure an obligation that is not a production-money obligation;\n(b).  Collateral that is not production-money crops also secures the production-money obligation; or\n(c).  The production-money obligation has been renewed, refinanced or restructured.\n(4).   A secured party claiming a production-money security interest has the burden of establishing the extent to which the security interest is a production-money security interest.","path":["TITLE 11: UNIFORM COMMERCIAL CODE","PART 1: GENERAL PROVISIONS"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec9-1103-A.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"5ed1b0cf50b366ab4fb1b8d2b6873ca480cb06cd2d23b16315c322d891f427c1","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-9-1103","next":"us-me/11-m.r.s.-9-1104"},"notice":"GroundRules: Original legal text. Not legal advice."}