Maine Revised Statutes

Me. Rev. Stat. tit. 11, § 9-501 (2026)

Default; procedure when security agreement covers both real and personal property

✓ current as of May 2026
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(REPEALED)
SECTION HISTORY
PL 1977, c. 526, §97 (AMD). PL 1999, c. 699, §A1 (RP). PL 1999, c. 699, §A4 (AFF).
Notes of Decisions
Cited in 5 cases, 1978–1999 · leading case: Ford Motor Credit Co. v. Thompson Mach., Inc., 649 A.2d 19 (Me. 1994).
Ford Motor Credit Co. v. Thompson Mach., Inc., 649 A.2d 19 (Me. 1994). · cites it 3× “11 M.R.S.A. § 9-501 provides in pertinent part: (3) To the extent that they give rights to the debtor and impose duties on the secured party, the rules stated in the subsections referred to below may not be waived or varied except as provided with respect to compulsory…”
Hamill v. Liberty, 1999 ME 32 (Me. 1999). “See 11 M.R.S.A. § 9-501(l)(1995) (noting that creditor’s various rights are cumulative); 14 M.”
Pierce v. Ne. Bank of Westbrook, 381 A.2d 667 (Me. 1978). “We presently intimate no opinion on this question, noting only that 11 M.R.S.A. § 9-501(4), dealing with a “security agreement [which] covers both real and personal property”, may have bearing on it.”
Fiatallis North Am., Inc. v. Hill, 650 A.2d 222 (Me. 1994). · cites it 2× “See 11 M.R.S.A. § 9-501. Here, Fiatallis stipulated that the requisite notice had not been given to Hill and the trial court properly determined that Fiatallis had failed to meet its burden of proof that the sale was commercially reasonable.”
Ford Motor Credit Co. v. Moore, 663 A.2d 30 (Me. 1995). “We recently held that waivers of notice in guarantee agreements were invalid because a guarantor is a debtor for the purpose of Article 9, and debtors cannot waive their right to receive notice, pursuant to 11 M.R.S.A. § 9-501(3). Ford Motor Credit Co.”
— Me. Rev. Stat. tit. 11, § 9-501(3) — 3 cases
Ford Motor Credit Co. v. Thompson Mach., Inc., 649 A.2d 19 (Me. 1994). “11 M.R.S.A. § 9-501 provides in pertinent part: (3) To the extent that they give rights to the debtor and impose duties on the secured party, the rules stated in the subsections referred to below may not be waived or varied except as provided with respect to compulsory…”
Ford Motor Credit Co. v. Moore, 663 A.2d 30 (Me. 1995). “We recently held that waivers of notice in guarantee agreements were invalid because a guarantor is a debtor for the purpose of Article 9, and debtors cannot waive their right to receive notice, pursuant to 11 M.R.S.A. § 9-501(3). Ford Motor Credit Co.”
Fiatallis North Am., Inc. v. Hill, 650 A.2d 222 (Me. 1994). “See 11 M.R.S.A. § 9-501. Here, Fiatallis stipulated that the requisite notice had not been given to Hill and the trial court properly determined that Fiatallis had failed to meet its burden of proof that the sale was commercially reasonable.”
— Me. Rev. Stat. tit. 11, § 9-501(3)(b) — 1 case
Ford Motor Credit Co. v. Thompson Mach., Inc., 649 A.2d 19 (Me. 1994). “11 M.R.S.A. § 9-501 provides in pertinent part: (3) To the extent that they give rights to the debtor and impose duties on the secured party, the rules stated in the subsections referred to below may not be waived or varied except as provided with respect to compulsory…”
— Me. Rev. Stat. tit. 11, § 9-501(4) — 1 case
Pierce v. Ne. Bank of Westbrook, 381 A.2d 667 (Me. 1978). “We presently intimate no opinion on this question, noting only that 11 M.R.S.A. § 9-501(4), dealing with a “security agreement [which] covers both real and personal property”, may have bearing on it.”
— Me. Rev. Stat. tit. 11, § 9-501(l)(1995) — 1 case
Hamill v. Liberty, 1999 ME 32 (Me. 1999). “See 11 M.R.S.A. § 9-501(l)(1995) (noting that creditor’s various rights are cumulative); 14 M.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.