| | 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. |
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| | Sec. 15. 12 MRSA §6404-B, as amended by PL 2001, c. 327, §2, is | further amended to read: |
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| §6404-B. Suspension based on conviction of fishing on closed | days |
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| | 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. |
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| | Sec. 16. 12 MRSA §6431-F, sub-§2, ¶B, as amended by PL 1999, c. 790, | Pt. A, §12, is further amended to read: |
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| 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 |
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| | Sec. 17. 12 MRSA §6448, sub-§2, ¶¶A and C, as amended by PL 1999, c. | 693, §1, are further amended to read: |
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| 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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