LD 274
pg. 5
Page 4 of 38 An Act to Correct Errors and Inconsistencies in the Laws of Maine Page 6 of 38
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LR 1
Item 1

 
A secured party has control of a letter-of-credit right to
the extent of any right to payment or performance by the
issuer or any nominated person if the issuer or nominated
person has consented to an assignment of proceeds of the
letter of credit under section 5-1114, subsection (c) (3) or
other applicable law or practice.

 
Sec. 15. 12 MRSA §6404-B, as amended by PL 2001, c. 327, §2, is
further amended to read:

 
§6404-B. Suspension based on conviction of fishing on closed
days

 
for sea urchin fishing

 
The commissioner shall suspend the sea urchin fishing
license of any license holder convicted in court of violating
section 6749-W or any rule adopted under section 6749. The
suspension must be for one year from the date of conviction.

 
Sec. 16. 12 MRSA §6431-F, sub-§2, ¶B, as amended by PL 1999, c. 790,
Pt. A, §12, is further amended to read:

 
B. If the license holder was issued a Class I, Class II
or Class III lobster and crab fishing license pursuant to
former section 6421, subsection 5, paragraph H or former
section 6421-A, subsection 1, paragraph D, the license
holder may not purchase more than 300 trap tags for the
initial license year. For each following year, the license
holder may purchase up to an increase of 100 trap tags
each year as long as the total number does not exceed the
trap limit established by rule for the zone in which the
person fishes a majority of that person's traps; and

 
Sec. 17. 12 MRSA §6448, sub-§2, ¶¶A and C, as amended by PL 1999, c.
693, §1, are further amended to read:

 
A. After conducting a written survey in the zone, a
lobster management policy council may propose to the
commissioner an exit ratio to limit new zone entrants to
the zone. The lobster management policy council may also
propose to the commissioner a provision to exempt from the
requirements of this section an individual who became
eligible for but had not been issued a Class I, Class II
or Class III license pursuant to section 6421, subsection
5, paragraph C or former paragraph H prior to January 1,
2000 and to allow that individual to declare the zone as
that individual's declared lobster zone. The lobster
management policy council is not required to submit the
proposal to referendum and the proposed exit ratio does
not need to receive approval through the survey in order
to be forwarded to the commissioner.


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