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May 8, 2007
Contact: Tim Poulin

Secretary of State Matthew Dunlap Welcomes
Delegation From China

Group to learn about Maine’s award-winning UCC e-Government services

Augusta- On Tuesday and Wednesday, May 8th and 9th, Secretary of State Matthew Dunlap is hosting a delegation from the People’s Bank of China (PBOC). The delegation will meet with Department officials to discuss establishing a secured transactions registry, similar to the Uniform Commercial Code (UCC) filing system under the responsibility of the Secretary of State. “We are honored to welcome representatives from the People’s Bank of China this week,” said Dunlap, noting “we are excited to have the opportunity to share our experiences with the Uniform Commercial Code, and hope any information we can share will be especially useful to our visitors.”

Tim Poulin, Director of Corporations, UCC and Commissions for Secretary of State Dunlap will be discussing the challenges, issues and practical day to day management of a secured transactions registry with the Chinese delegation. “We are pleased to have been chosen as part of the itinerary for the group from the PBOC,’ said Poulin. “I am hopeful our successes with Maine’s UCC system will be a solid example for our guests as to how such a system can greatly benefit the citizens it serves.”

The World Bank Group in Washington, DC, which is coordinating the delegation’s visits to Maine and Iowa, has assisted the Chinese government to modernize the secured transactions laws and registries in China. Maine’s UCC Filing system has been nationally recognized for its innovation, filing and searching systems and user friendliness. In 2003, the Government Solutions Center awarded its prestigious “egov Pioneer award”. Maine’s leadership in electronic filing and searching was central to its selection as one of the models to be visited by the Chinese delegation.

The Secretary of State’s office has also organized a meeting between the PBOC delegation and local bank officials from Key Bank, NA, the Maine Bankers Association and Ms. Gretchen Jones, a UCC attorney with the Auburn law firm of Skelton, Taintor & Abbott to discuss general issues relating to UCC legal issues and account receivables financing.