{"data":{"id":"us-me/11-m.r.s.-9-1201","jurisdiction":"us-me","citation":"11 M.R.S. §9-1201","heading":"General effectiveness of security agreement","body":"(1).   Except as otherwise provided in this Title, a security agreement is effective according to its terms between the parties, against purchasers of the collateral and against creditors.\n(2).   A transaction subject to this Article is subject to any applicable rule of law that establishes a different rule for consumers, including Title 9‑A, Title 30‑A, sections 3960 to 3964‑A and Title 32, sections 11001 to 11054.\n(3).   In case of conflict between this Article and a rule of law, statute or rule described in subsection (2), the rule of law, statute or rule controls.  Failure to comply with a statute or rule described in subsection (2) has only the effect the statute or rule specifies.\n(4).   This Article does not:\n(a).  Validate any rate, charge, agreement or practice that violates a rule of law, statute or rule described in subsection (2); or\n(b).  Extend the application of the rule of law, statute or rule to a transaction not otherwise subject to rule of law, statute or rule.","path":["TITLE 11: UNIFORM COMMERCIAL CODE","PART 2: EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec9-1201.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"dadb1a56d6bf8a60682f48362b9e0dfb757bbe1a10459edb2c65ab294555c59a","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-9-1110","next":"us-me/11-m.r.s.-9-1202"},"notice":"GroundRules: Original legal text. Not legal advice."}