Maine Revised Statutes

Me. Rev. Stat. tit. 11, § 9-318 (2026)

Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; indentification and proof of assignment

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1977, c. 526, §§73-75 (AMD). PL 1999, c. 699, §A1 (RP). PL 1999, c. 699, §A4 (AFF).
Notes of Decisions
Cited in 3 cases, 1993–2002 · leading case: Maine Farmers Exch., Inc. v. Farm Credit of Maine, A.C.A., 2002 ME 18 (Me. 2002).
Maine Farmers Exch., Inc. v. Farm Credit of Maine, A.C.A., 2002 ME 18 (Me. 2002). · cites it 10× “Farm Credit contends that the court erred in concluding that MFX had a right to a setoff pursuant to 11 M.R.S.A. § 9-318 (1995) because MFX's interests in NEI's account receivable was subject and inferior to Farm Credit's rights as a secured creditor.”
Gen. Elec. Capital Corp. v. Ford Motor Credit Co., 149 B.R. 229 (D. Me. 1993). “See 11 M.R.S.A. § 9-318(3). Section 9-318(3) of the Maine Commercial Code states: The account debtor is authorized to pay the assignor until the account debtor receives notification that the amount due or to become due has been assigned and that payment is to be made to the…”
Maine Farmers Exch., Inc. v. Farm Credit of Maine, A.C.A. (Me. Super. Ct 2001). · cites it 5× “Finding that Article 9 applies to MEX’s set-off claim, the remaining issue is whether MFX’s claimed right to set-off against Farm Credit’s security interest in NEI’s accounts receivable pursuant to 11 M.R.S.A. § 9-318 “arose out of” the agreement between MFX and NEI.”
— Me. Rev. Stat. tit. 11, § 9-318(1) — 1 case
Maine Farmers Exch., Inc. v. Farm Credit of Maine, A.C.A., 2002 ME 18 (Me. 2002). “Farm Credit contends that the court erred in concluding that MFX had a right to a setoff pursuant to 11 M.R.S.A. § 9-318 (1995) because MFX's interests in NEI's account receivable was subject and inferior to Farm Credit's rights as a secured creditor.”
— Me. Rev. Stat. tit. 11, § 9-318(1)(a) — 1 case
Maine Farmers Exch., Inc. v. Farm Credit of Maine, A.C.A., 2002 ME 18 (Me. 2002). “Farm Credit contends that the court erred in concluding that MFX had a right to a setoff pursuant to 11 M.R.S.A. § 9-318 (1995) because MFX's interests in NEI's account receivable was subject and inferior to Farm Credit's rights as a secured creditor.”
— Me. Rev. Stat. tit. 11, § 9-318(3) — 1 case
Gen. Elec. Capital Corp. v. Ford Motor Credit Co., 149 B.R. 229 (D. Me. 1993). “See 11 M.R.S.A. § 9-318(3). Section 9-318(3) of the Maine Commercial Code states: The account debtor is authorized to pay the assignor until the account debtor receives notification that the amount due or to become due has been assigned and that payment is to be made to the…”
— Me. Rev. Stat. tit. 11, § 9-318(a)(1) — 1 case
Maine Farmers Exch., Inc. v. Farm Credit of Maine, A.C.A. (Me. Super. Ct 2001). “Finding that Article 9 applies to MEX’s set-off claim, the remaining issue is whether MFX’s claimed right to set-off against Farm Credit’s security interest in NEI’s accounts receivable pursuant to 11 M.R.S.A. § 9-318 “arose out of” the agreement between MFX and NEI.”
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