Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 9524. - 9524. Delay by the filing office beyond a time limit...
Section 9525. - 9525. (a) Except as otherwise provided in subdivision (d), the...
Section 9526. - 9526. (a) The Secretary of State shall adopt and publish...
Section 9526.5. - 9526.5. (a) For purposes of this section, the following terms...
Section 9528. - 9528. Upon the request of any person, the Secretary of...
CHAPTER 6 - Default
Section 9601. - 9601. (a) After default, a secured party has the rights...
Section 9602. - 9602. Except as otherwise provided in Section 9624, to the...
Section 9603. - 9603. (a) The parties may determine by agreement the standards...
Section 9604. - 9604. (a) If an obligation secured by a security interest...
Section 9605. - 9605. A secured party does not owe a duty based...
Section 9606. - 9606. For purposes of this chapter, a default occurs in...
Section 9607. - 9607. (a) If so agreed, and in any event after...
Section 9608. - 9608. (a) If a security interest or agricultural lien secures...
Section 9609. - 9609. (a) After default, a secured party may do both...
Section 9610. - 9610. (a) After default, a secured party may sell, lease,...
Section 9611. - 9611. (a) In this section, “notification date” means the earlier...
Section 9612. - 9612. (a) Except as otherwise provided in subdivision (b), whether...
Section 9613. - 9613. Except in a consumer-goods transaction, the following rules apply:...
Section 9614. - 9614. In a consumer-goods transaction, the following rules apply: (1)...
Section 9615. - 9615. (a) A secured party shall apply or pay over...
Section 9616. - 9616. (a) In this section: (1) “Explanation” means a writing...
Section 9617. - 9617. (a) A secured party’s disposition of collateral after default...
Section 9618. - 9618. (a) A secondary obligor acquires the rights and becomes...
Section 9619. - 9619. (a) In this section, “transfer statement” means a record...
Section 9620. - 9620. (a) Except as otherwise provided in subdivision (g), a...
Section 9621. - 9621. (a) A secured party that desires to accept collateral...
Section 9622. - 9622. (a) A secured party’s acceptance of collateral in full...
Section 9623. - 9623. (a) A debtor, any secondary obligor, or any other...
Section 9624. - 9624. (a) A debtor or secondary obligor may waive the...
Section 9625. - 9625. (a) If it is established that a secured party...
Section 9626. - 9626. (a) In an action arising from a transaction, other...
Section 9627. - 9627. (a) The fact that a greater amount could have...
Section 9628. - 9628. (a) Unless a secured party knows that a person...
Section 9629. - 9629. No renunciation or modification by the debtor of any...
CHAPTER 7 - Transition
Section 9701. - 9701. This division shall become operative on July 1, 2001....
Section 9702. - 9702. (a) Except as otherwise provided in this chapter, this...
Section 9703. - 9703. (a) A security interest that is enforceable immediately before...
Section 9704. - 9704. All of the following rules apply with respect to...
Section 9705. - 9705. (a) If action, other than the filing of a...
Section 9706. - 9706. (a) The filing of an initial financing statement in...
Section 9707. - 9707. (a) In this section, “pre-effective-date financing statement” means a...
Section 9708. - 9708. A person may file an initial financing statement or...
Section 9709. - 9709. (a) This division determines priority of conflicting claims to...
CHAPTER 8 - Transition Provisions for 2010 Amendments
Section 9801. - 9801. The changes to this division made by the act...
Section 9802. - 9802. (a) Except as otherwise provided in this chapter, the...
Section 9803. - 9803. (a) A security interest that is a perfected security...
Section 9804. - 9804. A security interest that is an unperfected security interest...
Section 9805. - 9805. (a) The filing of a financing statement before July...
Section 9806. - 9806. (a) The filing of an initial financing statement in...
Section 9807. - 9807. (a) In this section, “preeffective-date financing statement” means a...
Section 9808. - 9808. A person may file an initial financing statement or...
Section 9809. - 9809. The changes to this division made by the act...
CHAPTER 9 - Transition Provisions for 2014 Amendments
Section 9901. - 9901. (a) The changes to this division made by the...
Section 9902. - 9902. (a) Except as otherwise provided in this chapter, the...
Section 9903. - 9903. A security interest that is a perfected security interest...
Section 9904. - 9904. A security interest that is an unperfected security interest...
Section 9905. - 9905. (a) The filing of a financing statement before January...
Section 9906. - 9906. A person may file an initial financing statement or...
Section 9907. - 9907. The changes to this division made by the act...
DIVISION 10 - PERSONAL PROPERTY LEASES
CHAPTER 1 - General Provisions
Section 10101. - 10101. This division shall be known and may be cited...
Section 10102. - 10102. This division applies to any transaction, regardless of form,...
Section 10103. - 10103. (a) In this division, unless the context otherwise requires:...
Section 10104. - 10104. (a) A lease, although subject to this division, is...
Section 10105. - 10105. Subject to the provisions of subdivision (c) of Section...
Section 10106. - 10106. (a) If the law chosen by the parties to...
Section 10107. - 10107. Any claim or right arising out of an alleged...
CHAPTER 2 - Formation and Construction of Lease Contract
Section 10201. - 10201. (a) A lease contract is not enforceable by way...
Section 10202. - 10202. Terms with respect to which the confirmatory memoranda of...
Section 10204. - 10204. (a) A lease contract may be made in any...
Section 10205. - 10205. An offer by a merchant to lease goods to...
Section 10206. - 10206. (a) Unless otherwise unambiguously indicated by the language or...
Section 10208. - 10208. (a) An agreement modifying a lease contract needs no...
Section 10209. - 10209. (a) The benefit of a supplier’s promises to the...
Section 10210. - 10210. (a) Express warranties by the lessor are created as...
Section 10211. - 10211. (a) There is in a lease contract a warranty...
Section 10212. - 10212. (a) Except in a finance lease, a warranty that...
Section 10213. - 10213. Except in a finance lease, if the lessor at...
Section 10214. - 10214. (a) Words or conduct relevant to the creation of...
Section 10215. - 10215. Warranties, whether express or implied, must be construed as...
Section 10217. - 10217. Identification of goods as goods to which a lease...
Section 10218. - 10218. (a) A lessee obtains an insurable interest when existing...
Section 10219. - 10219. (a) Except in the case of a finance lease,...
Section 10220. - 10220. (a) Where risk of loss is to pass to...
Section 10221. - 10221. If a lease contract requires goods identified when the...
CHAPTER 3 - Effect of Lease Contract
Section 10301. - 10301. Except as otherwise provided in this division, a lease...
Section 10302. - 10302. Except as otherwise provided in this division, each provision...
Section 10303. - 10303. (a) As used in the section, “creation of a...
Section 10304. - 10304. (a) Subject to Section 10303, a subsequent lessee from...
Section 10305. - 10305. (a) Subject to the provisions of Section 10303, a...
Section 10306. - 10306. If a person in the ordinary course of his...
Section 10307. - 10307. (a) Except as otherwise provided in Section 10306, a...
Section 10308. - 10308. (a) A creditor of a lessor in possession of...
Section 10309. - 10309. (a) In this section: (1) Goods are “fixtures” when...
Section 10310. - 10310. (a) Goods are “accessions” when they are installed in...
Section 10311. - 10311. Nothing in this division prevents subordination by agreement by...
CHAPTER 4 - Performance of Leased Contract: Repudiated, Substituted, and Excused
Section 10401. - 10401. (a) A lease contract imposes an obligation on each...
Section 10402. - 10402. (a) If either party repudiates a lease contract, other...
Section 10403. - 10403. (a) Until the repudiating party’s next performance is due,...
Section 10404. - 10404. (a) If without fault of the lessee, the lessor,...
Section 10405. - 10405. Subject to Section 10404 on substituted performance, the following...
Section 10406. - 10406. (a) If the lessee receives notification of a material...
Section 10407. - 10407. (a) In the case of a finance lease that...
CHAPTER 5 - Default
ARTICLE 1 - In General
Section 10501. - 10501. (a) Whether the lessor or the lessee is in...
Section 10502. - 10502. Except as otherwise provided in this division or the...
Section 10503. - 10503. (a) Except as otherwise provided in this division, the...
Section 10504. - 10504. (a) Damages payable by either party for default, or...
Section 10505. - 10505. (a) On cancellation of the lease contract, all obligations...
Section 10506. - 10506. (a) An action for default under a lease contract,...
Section 10507. - 10507. (a) Damages based on market rent (Section 10519 or...
ARTICLE 2 - Default by Lessor
Section 10508. - 10508. (a) If a lessor fails to deliver the goods...
Section 10509. - 10509. (a) Subject to the provisions of Section 10510 on...
Section 10510. - 10510. (a) Under an installment lease contract, a lessee may...
Section 10511. - 10511. (a) Subject to any security interest of a lessee...
Section 10512. - 10512. (a) Except as otherwise provided with respect to goods...
Section 10513. - 10513. (a) If any tender or delivery by the lessor...
Section 10514. - 10514. (a) In rejecting goods, a lessee’s failure to state...
Section 10515. - 10515. (a) Acceptance of goods occurs after the lessee has...
Section 10516. - 10516. (a) A lessee must pay rent for any goods...
Section 10517. - 10517. (a) A lessee may revoke acceptance of a lot...
Section 10518. - 10518. (a) After a default by a lessor under the...
Section 10519. - 10519. (a) Except as otherwise provided with respect to damages...
Section 10520. - 10520. (a) Incidental damages resulting from a lessor’s default include...
Section 10521. - 10521. (a) Specific performance may be decreed if the goods...
Section 10522. - 10522. (a) Subject to subdivision (b) and even though the...
ARTICLE 3 - Default by Lessee
Section 10523. - 10523. (a) If a lessee wrongfully rejects or revokes acceptance...
Section 10524. - 10524. (a) After a default by the lessee under the...
Section 10525. - 10525. (a) If a lessor discovers the lessee to be...
Section 10526. - 10526. (a) A lessor may stop delivery of goods in...
Section 10527. - 10527. (a) After a default by a lessee under the...
Section 10528. - 10528. (a) Except as otherwise provided with respect to damages...
Section 10529. - 10529. (a) After default by the lessee under the lease...
Section 10530. - 10530. Incidental damages to an aggrieved lessor include any commercially...
Section 10531. - 10531. (a) If a third party so deals with goods...
Section 10532. - 10532. In addition to any other recovery permitted by this...
CHAPTER 6 - Transition Provisions
Section 10600. - 10600. This division shall apply to all lease contracts that...
DIVISION 11 - FUNDS TRANSFERS
CHAPTER 1 - Subject Matter and Definitions
Section 11101. - 11101. This division may be cited as Uniform Commercial Code—Funds...
Section 11102. - 11102. Except as otherwise provided in Section 11108, this division...
Section 11103. - 11103. (a) In this division: (1) “Payment order” means an...
Section 11104. - 11104. In this division: (a) “Funds transfer” means the series...
Section 11105. - 11105. (a) In this division: (1) “Authorized account” means a...
Section 11106. - 11106. (a) The time of receipt of a payment order...
Section 11107. - 11107. Regulations of the Board of Governors of the Federal...
Section 11108. - 11108. (a) Except as provided in subdivision (b), this division...
CHAPTER 2 - Issue and Acceptance of Payment Order
Section 11201. - 11201. “Security procedure” means a procedure established by agreement of...
Section 11202. - 11202. (a) A payment order received by the receiving bank...
Section 11203. - 11203. (a) If an accepted payment order is not, under...
Section 11204. - 11204. (a) If a receiving bank accepts a payment order...
Section 11205. - 11205. (a) If an accepted payment order was transmitted pursuant...
Section 11206. - 11206. (a) If a payment order addressed to a receiving...
Section 11207. - 11207. (a) Subject to subdivision (b), if, in a payment...
Section 11208. - 11208. (a) This subdivision applies to a payment order identifying...
Section 11209. - 11209. (a) Subject to subdivision (d), a receiving bank other...
Section 11210. - 11210. (a) A payment order is rejected by the receiving...
Section 11211. - 11211. (a) A communication of the sender of a payment...
Section 11212. - 11212. If a receiving bank fails to accept a payment...
CHAPTER 3 - Execution of Sender s Payment Order by Receiving Bank
Section 11301. - 11301. (a) A payment order is “executed” by the receiving...
Section 11302. - 11302. (a) Except as provided in subdivisions (b) to (d),...
Section 11303. - 11303. (a) A receiving bank that (i) executes the payment...
Section 11304. - 11304. If the sender of a payment order that is...
Section 11305. - 11305. (a) If a funds transfer is completed but execution...
CHAPTER 4 - Payment
Section 11401. - 11401. “Payment date” of a payment order means the day...
Section 11402. - 11402. (a) This section is subject to Sections 11205 and...
Section 11403. - 11403. (a) Payment of the sender’s obligation under Section 11402...
Section 11404. - 11404. (a) Subject to subdivision (e) of Section 11211, and...
Section 11405. - 11405. (a) If the beneficiary’s bank credits an account of...
Section 11406. - 11406. (a) Subject to subdivision (e) of Section 11211 and...
CHAPTER 5 - Miscellaneous Provisions
Section 11501. - 11501. (a) Except as otherwise provided in this division, the...
Section 11502. - 11502. (a) As used in this section, “creditor process” means...
Section 11503. - 11503. For proper cause and in compliance with applicable law,...
Section 11504. - 11504. (a) If a receiving bank has received more than...
Section 11505. - 11505. If a receiving bank has received payment from its...
Section 11506. - 11506. (a) If, under this division, a receiving bank is...
Section 11507. - 11507. (a) The following rules apply unless the affected parties...
DIVISION 13 - EFFECTIVE DATE AND REPEALER
Section 13101. - 13101. This code shall become effective on January 1, 1965....
Section 13102. - 13102. Transactions validly entered into before January 1, 1965, and...
Section 13103. - 13103. Except as provided in the following section, all acts...
Section 13105. - 13105. (1) A financing statement or a continuation thereof, properly...
DIVISION 14 - EFFECTIVE DATE AND TRANSITION PROVISIONS
Section 14101. - 14101. The amendments to this code, as adopted by the...
Section 14102. - 14102. The provisions of Division 13 shall continue to apply...
Section 14103. - 14103. Transactions validly entered into after January 1, 1965, and...
Section 14104. - 14104. A security interest for the perfection of which filing...
Section 14105. - 14105. (1) A financing statement or continuation statement filed prior...
Section 14106. - 14106. (1) If a security interest is perfected or has...
Section 14107. - 14107. Except as otherwise provided in this division, this code...
Section 14108. - 14108. Unless a change in law has clearly been made,...
Section 14109. - 14109. (1) The amendments to this code relating to fixtures...
DIVISION 15 - EFFECTIVE DATE AND TRANSITION PROVISIONS
Section 15101. - 15101. The repeal and addition of Division 8 (commencing with...
Section 15102. - 15102. The provisions of Division 13 (commencing with Section 13101)...
Section 15103. - 15103. The owner of an interest (other than a security...
Section 15104. - 15104. A secured party who has a security interest in...
DIVISION 16 - EFFECTIVE DATE AND TRANSITION PROVISIONS
Section 16101. - 16101. The repeal and addition of Division 3 (commencing with...
Section 16102. - 16102. The provisions of Division 13 (commencing with Section 13101),...
Section 16103. - 16103. Nothing in this division shall have the effect of...
Section 16104. - 16104. Unless a change in law, as contrasted with a...