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Part 1 - General Provisions
§ 4-9-101. Short Title - This article may be cited as the "Uniform Commercial Code...
§ 4-9-102. Definitions and Index of Definitions - (A) Which secures payment or performance of an obligation for:...
§ 4-9-103. Purchase-Money Security Interest - Application of Payments - Burden of Establishing - Definitions - (1) To the extent that the goods are purchase-money collateral...
§ 4-9-104. Control of Deposit Account - Source: L. 2001: Entire article R&RE, p. 1328, § 1,...
§ 4-9-105. Control of Electronic Chattel Paper - Source: L. 2001: Entire article R&RE, p. 1329, § 1,...
§ 4-9-106. Control of Investment Property - Source: L. 2001: Entire article R&RE, p. 1329, § 1,...
§ 4-9-107. Control of Letter-of-Credit Right - A secured party has control of a letter-of-credit right to...
§ 4-9-108. Sufficiency of Description - (1) The collateral by those terms or as investment property;...
§ 4-9-109. Scope - (A) Liens on real property in sections 4-9-203 and 4-9-308;...
§ 4-9-110. Security Interests Arising Under Article 2 or 2.5 - A security interest arising under section 4-2-401, 4-2-505, 4-2-711 (3),...
Part 2 - Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement
§ 4-9-201. General Effectiveness of Security Agreement - Source: L. 2001: Entire article R&RE, p. 1334, § 1,...
§ 4-9-202. Title to Collateral Immaterial - Except as otherwise provided with respect to consignments or sales...
§ 4-9-203. Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites - (1) The security agreement becomes effective to create a security...
§ 4-9-204. After-Acquired Property - Future Advances - Source: L. 2001: Entire article R&RE, p. 1336, § 1,...
§ 4-9-205. Use or Disposition of Collateral Permissible - Source: L. 2001: Entire article R&RE, p. 1336, § 1,...
§ 4-9-206. Security Interest Arising in Purchase or Delivery of Financial Asset - (1) The security or other financial asset: (2) The agreement...
§ 4-9-207. Rights and Duties of Secured Party Having Possession or Control of Collateral - (1) May hold as additional security any proceeds, except money...
§ 4-9-208. Additional Duties of Secured Party Having Control of Collateral - (2.5) The amount due the debtor shall also include all...
§ 4-9-209. Duties of Secured Party if Account Debtor Has Been Notified of Assignment - Source: L. 2001: Entire article R&RE, p. 1340, § 1,...
§ 4-9-210. Request for Accounting - Request Regarding List of Collateral or Statement of Account - Definitions - (1) In the case of a request for an accounting,...
Part 3 - Perfection and Priority
§ 4-9-301. Law Governing Perfection and Priority of Security Interests - Except as otherwise provided in sections 4-9-303 to 4-9-306, the...
§ 4-9-302. Law Governing Perfection and Priority of Agricultural Liens - While farm products are located in a jurisdiction, the local...
§ 4-9-303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title - Source: L. 2001: Entire article R&RE, p. 1342, § 1,...
§ 4-9-304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts - Source: L. 2001: Entire article R&RE, p. 1343, § 1,...
§ 4-9-305. Law Governing Perfection and Priority of Security Interests in Investment Property - (1) If an agreement between the commodity intermediary and commodity...
§ 4-9-306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights - Source: L. 2001: Entire article R&RE, p. 1344, § 1,...
§ 4-9-307. Location of Debtor - (1) In the state that the law of the United...
§ 4-9-308. When Security Interest or Agricultural Lien Is Perfected - Continuity of Perfection - Source: L. 2001: Entire article R&RE, p. 1346, § 1,...
§ 4-9-309. Security Interest Perfected Upon Attachment - The following security interests are perfected when they attach: Source:...
§ 4-9-310. When Filing Required to Perfect Security Interest or Agricultural Lien - Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply - Source: L. 2001: Entire article R&RE, p. 1348, § 1,...
§ 4-9-311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties - Source: L. 2001: Entire article R&RE, p. 1348, § 1,...
§ 4-9-312. Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered by Documents, Instruments, Investment Property, Letter-of-Credit Rights, and Money - Perfection by Permissive Filing - Temporary Perfection Witho... - (1) A security interest in the goods may be perfected...
§ 4-9-313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing - (1) The acknowledgment is effective under subsection (c) of this...
§ 4-9-314. Perfection by Control - Source: L. 2001: Entire article R&RE, p. 1352, § 1,...
§ 4-9-315. Secured Party's Rights on Disposition of Collateral and in Proceeds - (1) If the proceeds are goods, to the extent provided...
§ 4-9-316. Effect of Change in Governing Law - (1) The collateral is located in one jurisdiction and subject...
§ 4-9-317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien - Source: L. 2001: Entire article R&RE, p. 1355, § 1,...
§ 4-9-318. No Interest Retained in Right to Payment That Is Sold - Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers - Source: L. 2001: Entire article R&RE, p. 1356, § 1,...
§ 4-9-319. Rights and Title of Consignee With Respect to Creditors and Purchasers - Source: L. 2001: Entire article R&RE, p. 1356, § 1,...
§ 4-9-320. Buyer of Goods - Source: L. 2001: Entire article R&RE, p. 1356, § 1,...
§ 4-9-321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business - Source: L. 2001: Entire article R&RE, p. 1357, § 1,...
§ 4-9-322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral - (1) The time of filing or perfection as to a...
§ 4-9-323. Future Advances - (1) Without knowledge of the lien; or (2) Pursuant to...
§ 4-9-324. Priority of Purchase-Money Security Interests - (1) If the purchase-money security interest is perfected by filing,...
§ 4-9-325. Priority of Security Interests in Transferred Collateral - (1) Otherwise would have priority solely under section 4-9-322 (a)...
§ 4-9-326. Priority of Security Interests Created by New Debtor - Source: L. 2001: Entire article R&RE, p. 1362, § 1,...
§ 4-9-327. Priority of Security Interests in Deposit Account - The following rules govern priority among conflicting security interests in...
§ 4-9-328. Priority of Security Interests in Investment Property - The following rules govern priority among conflicting security interests in...
§ 4-9-329. Priority of Security Interests in Letter-of-Credit Right - The following rules govern priority among conflicting security interests in...
§ 4-9-330. Priority of Purchaser of Chattel Paper or Instrument - (1) Section 4-9-322 provides for priority in the proceeds; or...
§ 4-9-331. Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles - Priority of Interests in Financial Assets and Security Entitlements Under Article 8 - Source: L. 2001: Entire article R&RE, p. 1365, § 1,...
§ 4-9-332. Transfer of Money - Transfer of Funds From Deposit Account - Source: L. 2001: Entire article R&RE, p. 1366, § 1,...
§ 4-9-333. Priority of Certain Liens Arising by Operation of Law - Source: L. 2001: Entire article R&RE, p. 1366, § 1,...
§ 4-9-334. Priority of Security Interests in Fixtures and Crops - (A) Created in a manufactured home in a manufactured-home transaction;...
§ 4-9-335. Accessions - Source: L. 2001: Entire article R&RE, p. 1368, § 1,...
§ 4-9-336. Commingled Goods - Source: L. 2001: Entire article R&RE, p. 1368, § 1,...
§ 4-9-337. Priority of Security Interests in Goods Covered by Certificate of Title - If, while a security interest in goods is perfected by...
§ 4-9-338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information - If a security interest or agricultural lien is perfected by...
§ 4-9-339. Priority Subject to Subordination - This article does not preclude subordination by agreement by a...
§ 4-9-340. Effectiveness of Right of Recoupment or Set-Off Against Deposit Account - Source: L. 2001: Entire article R&RE, p. 1370, § 1,...
§ 4-9-341. Bank's Rights and Duties With Respect to Deposit Account - Except as otherwise provided in section 4-9-340 (c), and unless...
§ 4-9-342. Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement - This article does not require a bank to enter into...
Part 4 - Rights of Third Parties
§ 4-9-401. Alienability of Debtor's Rights - Source: L. 2001: Entire article R&RE, p. 1371, § 1,...
§ 4-9-402. Secured Party Not Obligated on Contract of Debtor or in Tort - The existence of a security interest, agricultural lien, or authority...
§ 4-9-403. Agreement Not to Assert Defenses Against Assignee - (1) The record has the same effect as if the...
§ 4-9-404. Rights Acquired by Assignee; Claims and Defenses Against Assignee - Source: L. 2001: Entire article R&RE, p. 1372, § 1,...
§ 4-9-405. Modification of Assigned Contract - Source: L. 2001: Entire article R&RE, p. 1373, § 1,...
§ 4-9-406. Discharge of Account Debtor - Notification of Assignment - Identification and Proof of Assignment - Restrictions on Assignment of Accounts, Chattel Paper, Payment Intangibles, and Promissory Notes Ineffective - (1) Prohibits, restricts, or requires the consent of the account...
§ 4-9-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest - (1) A transfer by the lessee of the lessee's right...
§ 4-9-408. Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective - (1) Would impair the creation, attachment, or perfection of a...
§ 4-9-409. Restrictions on Assignment of Letter-of-Credit Rights Ineffective - (1) Is not enforceable against the applicant, issuer, nominated person,...
Part 5 - Filing
§ 4-9-501. Filing Office - Source: L. 2001: Entire article R&RE, p. 1378, § 1,...
§ 4-9-502. Contents of Financing Statement - Record of Mortgage as Financing Statement - Time of Filing Financing Statement - (1) Indicate that it covers this type of collateral; (2)...
§ 4-9-503. Name of Debtor and Secured Party - (B) In a separate part of the financing statement: (A)...
§ 4-9-504. Indication of Collateral - A financing statement sufficiently indicates the collateral that it covers...
§ 4-9-505. Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions - Source: L. 2001: Entire article R&RE, p. 1381, § 1,...
§ 4-9-506. Effect of Errors or Omissions - Source: L. 2001: Entire article R&RE, p. 1381, § 1,...
§ 4-9-507. Effect of Certain Events on Effectiveness of Financing Statement - Source: L. 2001: Entire article R&RE, p. 1382, § 1,...
§ 4-9-508. Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement - Source: L. 2001: Entire article R&RE, p. 1382, § 1,...
§ 4-9-509. Persons Entitled to File a Record - (1) The collateral described in the security agreement; and (2)...
§ 4-9-510. Effectiveness of Filed Record - Source: L. 2001: Entire article R&RE, p. 1383, § 1,...
§ 4-9-511. Secured Party of Record - Source: L. 2001: Entire article R&RE, p. 1384, § 1,...
§ 4-9-512. Amendment of Financing Statement - (1) Purports to delete all debtors and fails to provide...
§ 4-9-513. Termination Statement - (1) Within one month after there is no obligation secured...
§ 4-9-514. Assignment of Powers of Secured Party of Record - (1.5) Provides the date that the initial financing statement was...
§ 4-9-515. Duration and Effectiveness of Financing Statement - Effect of Lapsed Financing Statement - Source: L. 2001: Entire article R&RE, p. 1386, § 1,...
§ 4-9-516. What Constitutes Filing - Effectiveness of Filing - (C) In the case of an initial financing statement that...
§ 4-9-517. Effect of Indexing Errors - The failure of the filing office to index a record...
§ 4-9-518. Claim Concerning Inaccurate or Wrongfully Filed Record - (1) Identify the record to which it relates by: (2)...
§ 4-9-519. Numbering, Maintaining, and Indexing Records - Communicating Information Provided in Records - (1) Index an initial financing statement according to the name...
§ 4-9-520. Acceptance and Refusal to Accept Record - Source: L. 2001: Entire article R&RE, p. 1391, § 1,...
§ 4-9-521. Uniform Form of Written Financing Statement and Amendment - Source: L. 2001: Entire article R&RE, p. 1392, § 1,...
§ 4-9-522. Maintenance and Destruction of Records - Source: L. 2001: Entire article R&RE, p. 1392, § 1,...
§ 4-9-523. Information From Filing Office - Sale or License of Records - (1) The information in the record; (2) The number assigned...
§ 4-9-524. Delay by Filing Office - Delay by the filing office beyond a time limit prescribed...
§ 4-9-525. Fees - (1) Five dollars if the request is communicated in writing;...
§ 4-9-526. Filing-Office Rules - (1) Consult with filing offices in other jurisdictions that enact...
§ 4-9-528. Refiling Required - Source: L. 2001: Entire article R&RE, p. 1395, § 1,...
§ 4-9-529. Electronic and Other Filings - Source: L. 2001: Entire article R&RE, p. 1396, § 1,...
§ 4-9-531. Removal of Social Security Numbers From Financing Statements in the Custody of the Secretary of State - Source: L. 2002: Entire section added, p. 661, § 1,...
Part 6 - Default
§ 4-9-601. Rights After Default - Judicial Enforcement - Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes - (1) The date of perfection of the security interest or...
§ 4-9-602. Waiver and Variance of Rights and Duties - Except as otherwise provided in section 4-9-624, to the extent...
§ 4-9-603. Agreement on Standards Concerning Rights and Duties - Source: L. 2001: Entire article R&RE, p. 1399, § 1,...
§ 4-9-604. Procedure if Security Agreement Covers Real Property or Fixtures - (1) Under this part 6; or (2) In accordance with...
§ 4-9-605. Unknown Debtor or Secondary Obligor - A secured party does not owe a duty based on...
§ 4-9-606. Time of Default for Agricultural Lien - For purposes of this part 6, a default occurs in...
§ 4-9-607. Collection and Enforcement by Secured Party - (1) A copy of the security agreement that creates or...
§ 4-9-608. Application of Proceeds of Collection or Enforcement - Liability for Deficiency and Right to Surplus - Source: L. 2001: Entire article R&RE, p. 1402, § 1,...
§ 4-9-609. Secured Party's Right to Take Possession After Default - (1) Pursuant to judicial process; or (2) Without judicial process,...
§ 4-9-610. Disposition of Collateral After Default - (1) In a manner that would be effective to disclaim...
§ 4-9-611. Notification Before Disposition of Collateral - (1) The debtor; (2) Any secondary obligor; and (C) Any...
§ 4-9-612. Timeliness of Notification Before Disposition of Collateral - Source: L. 2001: Entire article R&RE, p. 1405, § 1,...
§ 4-9-613. Contents and Form of Notification Before Disposition of Collateral: General - (A) Information not specified by said paragraph (1); or (B)...
§ 4-9-614. Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction - [ Name and address of secured party ] [ Date...
§ 4-9-615. Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus - (1) Unless paragraph (4) of subsection (a) of this section...
§ 4-9-616. Explanation of Calculation of Surplus or Deficiency - Definitions - (A) Authenticated by a debtor or consumer obligor; (B) Requesting...
§ 4-9-617. Rights of Transferee of Collateral - (1) The debtor's rights in the collateral; (2) The security...
§ 4-9-618. Rights and Duties of Certain Secondary Obligors - (1) Is not a disposition of collateral under section 4-9-610;...
§ 4-9-619. Transfer of Record or Legal Title - (1) Accept the transfer statement; (2) Promptly amend its records...
§ 4-9-620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation - Compulsory Disposition of Collateral - (1) A debtor consents to an acceptance of collateral in...
§ 4-9-621. Notification of Proposal to Accept Collateral - Source: L. 2001: Entire article R&RE, p. 1415, § 1,...
§ 4-9-622. Effect of Acceptance of Collateral - Source: L. 2001: Entire article R&RE, p. 1416, § 1,...
§ 4-9-623. Right to Redeem Collateral - (1) Has collected collateral under section 4-9-607; (2) Has disposed...
§ 4-9-624. Waiver - Source: L. 2001: Entire article R&RE, p. 1417, § 1,...
§ 4-9-625. Remedies for Secured Party's Failure to Comply With Article - (1) Fails to comply with section 4-9-208; (2) Fails to...
§ 4-9-626. Action in Which Deficiency or Surplus Is in Issue - Source: L. 2001: Entire article R&RE, p. 1419, § 1,...
§ 4-9-627. Determination of Whether Conduct Was Commercially Reasonable - (1) In a judicial proceeding; (2) By a bona fide...
§ 4-9-628. Nonliability and Limitation on Liability of Secured Party - Liability of Secondary Obligor - (1) To a person that is a debtor or obligor,...
§ 4-9-629. Secured Party's Liability When Taking Possession After Default - Legislative Declaration - Fund - (e) [ Editor's note: This version of subsection (e) is...
Part 7 - Transition
§ 4-9-701. Effective Date - This act takes effect on July 1, 2001. References in...
§ 4-9-702. Saving Clause - Source: L. 2001: Entire article R&RE, p. 1423, § 1,...
§ 4-9-703. Security Interest Perfected Before Effective Date - Source: L. 2001: Entire article R&RE, p. 1423, § 1,...
§ 4-9-704. Security Interest Unperfected Before Effective Date - A security interest that is enforceable immediately before July 1,...
§ 4-9-705. Effectiveness of Action Taken Before Effective Date - Source: L. 2001: Entire article R&RE, p. 1424, § 1,...
§ 4-9-706. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement - (1) If the initial financing statement is filed before July...
§ 4-9-707. Amendment of Pre-Effective-Date Financing Statement - Source: L. 2001: Entire article R&RE, p. 1426, § 1,...
§ 4-9-708. Persons Entitled to File Initial Financing Statement or Continuation Statement - A person may file an initial financing statement or a...
§ 4-9-709. Priority - Source: L. 2001: Entire article R&RE, p. 1427, § 1,...
§ 4-9-710. Effectiveness of Filing in Clerk and Recorders' Offices - Except as provided in this section, a pre-effective-date financing statement...
Part 8 - Transition Provisions for 2010 Amendments
§ 4-9-801. Effective Date - House Bill 12-1262, enacted in 2012, takes effect on July...
§ 4-9-802. Saving Clause - Source: L. 2012: Entire part added, (HB 12-1262), ch. 170,...
§ 4-9-803. Security Interest Perfected Before Effective Date - Source: L. 2012: Entire part added, (HB 12-1262), ch. 170,...
§ 4-9-804. Security Interest Unperfected Before Effective Date - Source: L. 2012: Entire part added, (HB 12-1262), ch. 170,...
§ 4-9-805. Effectiveness of Action Taken Before Effective Date - Source: L. 2012: Entire part added, (HB 12-1262), ch. 170,...
§ 4-9-806. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement - (1) If the initial financing statement is filed before July...
§ 4-9-807. Amendment of Pre-Effective-Date Financing Statement - Source: L. 2012: Entire part added, (HB 12-1262), ch. 170,...
§ 4-9-808. Person Entitled to File Initial Financing Statement or Continuation Statement - Source: L. 2012: Entire part added, (HB 12-1262), ch. 170,...
§ 4-9-809. Priority - House Bill 12-1262, enacted in 2012, determines the priority of...