Connecticut General Statutes
Title 42a - Uniform Commercial Code

Section 42a-1-103. - Construction of title to promote its purposes and policies; applicability of supplemental principles of law. - (a) This title shall be liberally construed and applied to...

Section 42a-1-104. - Construction against implied repeal. - This title being a general act intended as a unified...

Section 42a-1-105. - Severability. - If any provision or clause of this title or its...

Section 42a-1-106. - Use of singular and plural; gender. - In this title, unless the statutory context otherwise requires: (1)...

Section 42a-1-107. - Waiver or renunciation of claim or right after breach. - Section 42a-1-107 is repealed, effective October 1, 2005. (1959, P.A....

Section 42a-1-108. - Relation to Electronic Signatures in Global and National Commerce Act. - This article modifies, limits and supersedes the federal Electronic Signatures...

Section 42a-1-201. - General definitions. - (a) Unless the context otherwise requires, words or phrases defined...

Section 42a-1-202. - Notice; knowledge. - (a) Subject to subsection (f) of this section, a person...

Section 42a-1-203. - Lease distinguished from security interest. - (a) Whether a transaction in the form of a lease...

Section 42a-1-204. - Value. - Except as otherwise provided in articles 3, 4 and 5,...

Section 42a-1-205. - Reasonable time; seasonableness. - (a) Whether a time for taking an action required by...

Section 42a-1-206. - Presumptions. - Whenever this title creates a “presumption” with respect to a...

Section 42a-1-207 and 42a-1-208. - Performance or acceptance under reservation of rights. Option to accelerate at will. - Sections 42a-1-207 and 42a-1-208 are repealed, effective October 1, 2005....

Section 42a-1-301. - Territorial applicability; parties' power to choose applicable law. - (a) Except as provided in this section, when a transaction...

Section 42a-1-302. - Variation by agreement. - (a) Except as otherwise provided in subsection (b) of this...

Section 42a-1-303. - Course of performance, course of dealing and usage of trade. - (a) A “course of performance” is a sequence of conduct...

Section 42a-1-304. - Obligation of good faith. - Every contract or duty within this title imposes an obligation...

Section 42a-1-305. - Remedies to be liberally administered. - (a) The remedies provided by this title must be liberally...

Section 42a-1-306. - Waiver or renunciation of claim or right after breach. - A claim or right arising out of an alleged breach...

Section 42a-1-307. - Prima facie evidence by third-party documents. - A document in due form purporting to be a bill...

Section 42a-1-308. - Performance or acceptance under reservation of rights. - (a) A party that, with explicit reservation of rights, performs...

Section 42a-1-309. - Option to accelerate at will. - A term providing that one party or that party's successor...

Section 42a-1-310. - Subordinated obligations. - An obligation may be issued as subordinated to performance of...

Article 2 - Sales

Section 42a-2-101. - Short title: Uniform Commercial Code–Sales. - This article shall be known and may be cited as...

Section 42a-2-102. - Scope; certain security and other transactions excluded from this article. - Unless the context otherwise requires, this article applies to transactions...

Section 42a-2-103. - Definitions and index of definitions. - (1) In this article unless the context otherwise requires: (a)...

Section 42a-2-104. - Definitions: “Merchant”; “between merchants”; “financing agency”. - (1) “Merchant” means a person who deals in goods of...

Section 42a-2-105. - Definitions: Transferability; “goods”; “future” goods; “lot”; “commercial unit”. - (1) “Goods” means all things, including specially manufactured goods, which...

Section 42a-2-106. - Definitions: “Contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation”. - (1) In this article unless the context otherwise requires “contract”...

Section 42a-2-107. - Goods to be severed from realty; recording. - (1) A contract for the sale of minerals or the...

Section 42a-2-201. - Formal requirements; statute of frauds. - (1) Except as otherwise provided in this section a contract...

Section 42a-2-202. - Final written expression: Parol or extrinsic evidence. - Terms with respect to which the confirmatory memoranda of the...

Section 42a-2-203. - Seals inoperative. - The affixing of a seal to a writing evidencing a...

Section 42a-2-204. - Formation in general. - (1) A contract for sale of goods may be made...

Section 42a-2-205. - Firm offers. - An offer by a merchant to buy or sell goods...

Section 42a-2-206. - Offer and acceptance in formation of contract. - (1) Unless otherwise unambiguously indicated by the language or circumstances,...

Section 42a-2-207. - Additional terms in acceptance or confirmation. - (1) A definite and seasonable expression of acceptance or a...

Section 42a-2-208. - Course of performance or practical construction. - Section 42a-2-208 is repealed, effective October 1, 2005. (1959, P.A....

Section 42a-2-209. - Modification, rescission and waiver. - (1) An agreement modifying a contract within this article needs...

Section 42a-2-210. - Delegation of performance; assignment of rights. - (1) A party may perform his duty through a delegate...

Section 42a-2-301. - General obligations of parties. - The obligation of the seller is to transfer and deliver...

Section 42a-2-302. - Unconscionable contract or clause. - (1) If the court as a matter of law finds...

Section 42a-2-303. - Allocation or division of risks. - Where this article allocates a risk or a burden as...

Section 42a-2-304. - Price payable in money, goods, realty, or otherwise. - (1) The price can be made payable in money or...

Section 42a-2-305. - Open price term. - (1) The parties if they so intend can conclude a...

Section 42a-2-306. - Output, requirements and exclusive dealings. - (1) A term which measures the quantity by the output...

Section 42a-2-307. - Delivery in single lot or several lots. - Unless otherwise agreed all goods called for by a contract...

Section 42a-2-308. - Absence of specified place for delivery. - Unless otherwise agreed, (a) the place for delivery of goods...

Section 42a-2-309. - Absence of specific time provisions; notice of termination. - (1) The time for shipment or delivery or any other...

Section 42a-2-310. - Open time for payment or running of credit; authority to ship under reservation. - Unless otherwise agreed, (a) payment is due at the time...

Section 42a-2-311. - Options and cooperation respecting performance. - (1) An agreement for sale which is otherwise sufficiently definite...

Section 42a-2-312. - Warranty of title and against infringement; buyer's obligation against infringement. - (1) Subject to subsection (2) there is in a contract...

Section 42a-2-313. - Express warranties by affirmation, promise, description, sample. - (1) Express warranties by the seller are created as follows:...

Section 42a-2-314. - Implied warranty: merchantability; usage of trade. - (1) Unless excluded or modified as provided by section 42a-2-316,...

Section 42a-2-315. - Implied warranty: fitness for particular purpose. - Where the seller at the time of contracting has reason...

Section 42a-2-316. - Exclusion or modification of warranties. - (1) Words or conduct relevant to the creation of an...

Section 42a-2-317. - Cumulation and conflict of warranties express or implied. - Warranties whether express or implied shall be construed as consistent...

Section 42a-2-318. - Third party beneficiaries of seller's warranties whether express or implied. - A seller's warranty whether express or implied extends to any...

Section 42a-2-319. - F.O.B. and F.A.S. terms. - (1) Unless otherwise agreed the term F.O.B., which means “free...

Section 42a-2-320. - C.I.F. and C. & F. terms. - (1) The term C.I.F. means that the price includes in...

Section 42a-2-321. - C.I.F. or C. & F.: “Net landed weights”; “payment on arrival”; warranty of condition on arrival. - Under a contract containing a term C.I.F. or C. &...

Section 42a-2-322. - Delivery “ex-ship”. - (1) Unless otherwise agreed a term for delivery of goods...

Section 42a-2-323. - Form of bill of lading required in overseas shipment; “overseas”. - (1) Where the contract contemplates overseas shipment and contains a...

Section 42a-2-324. - “No arrival, no sale” term. - Under a term “no arrival, no sale” or terms of...

Section 42a-2-325. - “Letter of credit” term; “confirmed credit”. - (1) Failure of the buyer seasonably to furnish an agreed...

Section 42a-2-326. - Sale on approval and sale or return; rights of creditors. - (1) Unless otherwise agreed, if delivered goods may be returned...

Section 42a-2-327. - Special incidents of sale on approval and sale or return. - (1) Under a sale on approval unless otherwise agreed (a)...

Section 42a-2-328. - Sale by auction. - (1) In a sale by auction if goods are put...

Section 42a-2-401. - Passing of title; reservation for security; limited application of this section. - Each provision of this article with regard to the rights,...

Section 42a-2-402. - Rights of seller's creditors against sold goods; right of certain buyers and lessors of goods to file under article 9. - (1) Except as provided in the following subsections, rights of...

Section 42a-2-403. - Power to transfer; good faith purchase of goods; “entrusting”. - (1) A purchaser of goods acquires all title which his...

Section 42a-2-501. - Insurable interest in goods; manner of identification of goods. - (1) The buyer obtains a special property and an insurable...

Section 42a-2-502. - Buyer's right to goods on seller's repudiation, failure to deliver or insolvency. - (1) Subject to subsections (2) and (3) and even though...

Section 42a-2-503. - Manner of seller's tender of delivery. - (1) Tender of delivery requires that the seller put and...

Section 42a-2-504. - Shipment by seller. - Where the seller is required or authorized to send the...

Section 42a-2-505. - Seller's shipment under reservation. - (1) Where the seller has identified goods to the contract...

Section 42a-2-506. - Rights of financing agency. - (1) A financing agency by paying or purchasing for value...

Section 42a-2-507. - Effect of seller's tender; delivery on condition. - (1) Tender of delivery is a condition to the buyer's...

Section 42a-2-508. - Cure by seller of improper tender or delivery; replacement. - (1) Where any tender or delivery by the seller is...

Section 42a-2-509. - Risk of loss in the absence of breach. - (1) Where the contract requires or authorizes the seller to...

Section 42a-2-510. - Effect of breach on risk of loss. - (1) Where a tender or delivery of goods so fails...

Section 42a-2-511. - Tender of payment by buyer; payment by check. - (1) Unless otherwise agreed tender of payment is a condition...

Section 42a-2-512. - Payment by buyer before inspection. - (1) Where the contract requires payment before inspection nonconformity of...

Section 42a-2-513. - Buyer's right to inspection of goods. - (1) Unless otherwise agreed and subject to subsection (3), where...

Section 42a-2-514. - When documents deliverable on acceptance; when on payment. - Unless otherwise agreed documents against which a draft is drawn...

Section 42a-2-515. - Preserving evidence of goods in dispute. - In furtherance of the adjustment of any claim or dispute...

Section 42a-2-601. - Buyer's rights on improper delivery. - Subject to the provisions of section 42a-2-612 on breach in...

Section 42a-2-602. - Manner and effect of rightful rejection. - (1) Rejection of goods must be within a reasonable time...

Section 42a-2-603. - Merchant buyer's duties as to rightfully rejected goods. - (1) Subject to any security interest in the buyer as...

Section 42a-2-604. - Buyer's options as to salvage of rightfully rejected goods when seller gives no instructions. - Subject to the provisions of section 42a-2-603 on perishables if...

Section 42a-2-605. - Waiver of buyer's objections by failure to particularize. - (1) The buyer's failure to state in connection with rejection...

Section 42a-2-606. - What constitutes acceptance of goods. - (1) Acceptance of goods occurs when the buyer (a) after...

Section 42a-2-607. - Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over. - (1) The buyer must pay at the contract rate for...

Section 42a-2-608. - Revocation of acceptance in whole or in part. - (1) The buyer may revoke his acceptance of a lot...

Section 42a-2-609. - Right to adequate assurance of performance. - (1) A contract for sale imposes an obligation on each...

Section 42a-2-610. - Anticipatory repudiation. - When either party repudiates the contract with respect to a...

Section 42a-2-611. - Retraction of anticipatory repudiation. - (1) Until the repudiating party's next performance is due he...

Section 42a-2-612. - “Installment contract”; breach. - (1) An “installment contract” is one which requires or authorizes...

Section 42a-2-613. - Casualty to identified goods. - Where the contract requires for its performance goods identified when...

Section 42a-2-614. - Substituted performance. - (1) Where without fault of either party the agreed berthing,...

Section 42a-2-615. - Excuse by failure of presupposed conditions. - Except so far as a seller may have assumed a...

Section 42a-2-616. - Procedure on notice claiming excuse. - (1) Where the buyer receives notification of a material or...

Section 42a-2-701. - Remedies for breach of collateral contracts not impaired. - Remedies for breach of any obligation or promise collateral or...

Section 42a-2-702. - Seller's remedies on discovery of buyer's insolvency. - (1) Where the seller discovers the buyer to be insolvent...

Section 42a-2-703. - Seller's remedies in general. - Where the buyer wrongfully rejects or revokes acceptance of goods...

Section 42a-2-704. - Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods. - (1) An aggrieved seller under section 42a-2-703 may (a) identify...

Section 42a-2-705. - Seller's stoppage of delivery in transit or otherwise. - (1) The seller may stop delivery of goods in the...

Section 42a-2-706. - Seller's resale including contract for resale. - (1) Under the conditions stated in section 42a-2-703 on seller's...

Section 42a-2-707. - “Person in the position of a seller”. - (1) A “person in the position of a seller” includes...

Section 42a-2-708. - Seller's damages for nonacceptance or repudiation. - (1) Subject to subsection (2) and to the provisions of...

Section 42a-2-709. - Action for the price. - (1) When the buyer fails to pay the price as...

Section 42a-2-710. - Seller's incidental damages. - Incidental damages to an aggrieved seller include any commercially reasonable...

Section 42a-2-711. - Buyer's remedies in general; buyer's security interest in rejected goods. - (1) Where the seller fails to make delivery or repudiates...

Section 42a-2-712. - “Cover”; buyer's procurement of substitute goods. - (1) After a breach within the preceding section the buyer...

Section 42a-2-713. - Buyer's damages for nondelivery or repudiation. - (1) Subject to the provisions of section 42a-2-723 with respect...

Section 42a-2-714. - Buyer's damages for breach in regard to accepted goods. - (1) Where the buyer has accepted goods and given notification...

Section 42a-2-715. - Buyer's incidental and consequential damages. - (1) Incidental damages resulting from the seller's breach include expenses...

Section 42a-2-716. - Buyer's right to specific performance or replevin. - (1) Specific performance may be decreed where the goods are...

Section 42a-2-717. - Deduction of damages from the price. - The buyer on notifying the seller of his intention to...

Section 42a-2-718. - Liquidation or limitation of damages; deposits. - (1) Damages for breach by either party may be liquidated...

Section 42a-2-719. - Contractual modification or limitation of remedy. - (1) Subject to the provisions of subsections (2) and (3)...

Section 42a-2-720. - Effect of “cancellation” or “rescission” on claims for antecedent breach. - Unless the contrary intention clearly appears, expressions of “cancellation” or...

Section 42a-2-721. - Remedies for fraud. - Remedies for material misrepresentation or fraud include all remedies available...

Section 42a-2-722. - Who can sue third parties for injury to goods. - Where a third party so deals with goods which have...

Section 42a-2-723. - Proof of market price; time and place. - (1) If an action based on anticipatory repudiation comes to...

Section 42a-2-724. - Admissibility of market quotations. - Whenever the prevailing price or value of any goods regularly...

Section 42a-2-725. - Statute of limitations in contracts for sale. - (1) An action for breach of any contract for sale...

Article 2A - Leases

Section 42a-2A-101. - Short title: Uniform Commercial Code–Leases. - This article may be cited as “Uniform Commercial Code–Leases”. (P.A....

Section 42a-2A-102. - Definitions and index of definitions. - (a) In this article: (1) “Authenticate” means: (A) To sign;...

Section 42a-2A-103. - Scope. - This article applies to any transaction regardless of form which...

Section 42a-2A-104. - Transactions subject to other law. - (a) A transaction subject to this article is also subject...

Section 42a-2A-105. - Territorial application of article to goods covered by certificate of title. - (a) This section applies to goods covered by a certificate...

Section 42a-2A-106. - Limitation on power of parties to consumer lease to choose applicable law or judicial forum. - (a) A choice-of-law term in a consumer lease contract is...

Section 42a-2A-107. - Unconscionability. - (a) If a court as a matter of law finds...

Section 42a-2A-108. - Option to accelerate at will. - (a) A term in a lease agreement providing that one...

Section 42a-2A-109. - Effect of agreement; questions determined by court. - (a) Unless a section in this article otherwise provides, the...

Section 42a-2A-201. - Formal requirements. - (a) Except as otherwise provided in this section, a lease...

Section 42a-2A-202. - Parol or extrinsic evidence. - (a) Terms on which the confirmatory records of the parties...

Section 42a-2A-203. - Formation in general. - (a) A lease contract may be made in any manner...

Section 42a-2A-204. - Firm offers. - An offer by a merchant to enter into a lease...

Section 42a-2A-205. - Offer and acceptance. - (a) Unless otherwise unambiguously indicated by the language or circumstances,...

Section 42a-2A-206. - Electronic contracting; formation. - Except as otherwise provided in sections 42a-2A-207 to 42a-2A-210, inclusive,...

Section 42a-2A-207. - Legal recognition of electronic records and authentications. - (a) A record or authentication may not be denied legal...

Section 42a-2A-208. - Attribution. - An electronic record is attributed to a person if it...

Section 42a-2A-209. - Contract formation; electronic record. - (a) Except as otherwise provided in subsection (b) of this...

Section 42a-2A-210. - Contract formation; electronic agents. - (a) A person that uses an electronic agent for authentication,...

Section 42a-2A-301. - Course of performance or practical construction. - Section 42a-2A-301 is repealed, effective October 1, 2005. (P.A. 02-131,...

Section 42a-2A-302. - Modification, rescission and waiver. - (a) An agreement made in good faith modifying a lease...

Section 42a-2A-303. - Lessee under finance lease as beneficiary of supply contract. - (a) The benefit of the supplier's promises to the lessor...

Section 42a-2A-304. - Identification. - Identification of existing goods as goods to which a lease...

Section 42a-2A-305. - Insurance and proceeds. - (a) A lessee obtains an insurable interest in existing goods...

Section 42a-2A-306. - Risk of loss. - (a) Except in the case of a finance lease, risk...

Section 42a-2A-307. - Casualty to identified goods. - If the lease contract requires for its performance goods identified...

Section 42a-2A-308. - Termination; survival of obligations. - (a) Except as otherwise provided in subsection (b) of this...

Section 42a-2A-401. - Enforceability of lease contract. - Except as otherwise provided in this title, a lease contract...

Section 42a-2A-402. - Title to and possession of goods. - Except as otherwise provided in this article, the application of...

Section 42a-2A-403. - Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights. - (a) In this section, “creation of a security interest” includes...

Section 42a-2A-404. - Subsequent lease of goods by lessor. - (a) Subject to section 42a-2A-403, a subsequent lessee from a...

Section 42a-2A-405. - Sale or sublease of goods by lessee. - (a) Subject to section 42a-2A-403, a buyer or sublessee from...

Section 42a-2A-406. - Priority of certain liens arising by operation of law. - If a person in the ordinary course of the person's...

Section 42a-2A-407. - Priority of liens arising by attachment or levy on goods. - (a) Except as otherwise provided in section 42a-2A-406, a creditor...

Section 42a-2A-408. - Special rights of creditors. - (a) Except as otherwise provided in subsections (b) and (c)...

Section 42a-2A-409. - Rights of lessor and lessee when goods become fixures. - (a) In this section: (1) “Construction mortgage” means a mortgage...

Section 42a-2A-410. - Lessor's and lessee's rights when goods become accessions. - (a) In this section, “accessions” means goods that are installed...

Section 42a-2A-411. - Priority subject to subordination. - Nothing in this article prevents subordination by agreement by any...

Section 42a-2A-501. - Definitions. - In this part: (1) “Damage” means all loss resulting from...

Section 42a-2A-502. - Warranty against interference and against infringement; lessee's obligation against infringement. - (a) Except in a finance lease, a lessor in a...

Section 42a-2A-503. - Express warranties to lessee. - (a) Any representation made by the lessor to the lessee,...

Section 42a-2A-504. - Implied warranty of merchantability. - (a) Except in a finance lease and subject to sections...

Section 42a-2A-505. - Implied warranty of fitness for particular purpose. - Except in a finance lease and subject to section 42a-2A-506,...

Section 42a-2A-506. - Disclaimer or modification of warranty. - (a) Words or conduct relevant to the creation of an...

Section 42a-2A-507. - Cumulation and conflict of warranties. - Warranties, whether express or implied, must be construed as consistent...

Section 42a-2A-508. - Extension of express or implied warranty. - (a) In a consumer lease contract, a lessor's express or...

Section 42a-2A-601. - Right to adequate assurance of performance. - (a) A lease contract imposes an obligation on each party...

Section 42a-2A-602. - Anticipatory repudiation. - (a) If either party to a lease contract repudiates a...

Section 42a-2A-603. - Retraction of anticipatory repudiation. - (a) A repudiating party may retract a repudiation until the...

Section 42a-2A-604. - Substituted performance. - (a) If, without the fault of the lessee, lessor or...

Section 42a-2A-605. - Excuse by failure of presupposed conditions. - (a) Subject to section 42a-2A-604 and subsection (b) of this...

Section 42a-2A-606. - Procedure on notice claiming excuse. - (a) A party that receives notice of a material or...

Section 42a-2A-607. - Irrevocable promises: Finance leases. - (a) In a finance lease that is not a consumer...

Section 42a-2A-701. - Subject to general limitations. - The remedies of the lessee, lessor and other protected persons...

Section 42a-2A-702. - Default: Procedure. - (a) Whether the lessor or the lessee is in default...

Section 42a-2A-703. - Notice after default. - Except as otherwise provided in this article or the lease...

Section 42a-2A-704. - Remedies in general. - (a) In accordance with section 42a-1-305, the remedies provided in...

Section 42a-2A-705. - Measurement of damages in general. - If a default occurs, the aggrieved party may recover compensation...

Section 42a-2A-706. - Incidental damages. - Incidental damages resulting from a default under a lease contract...

Section 42a-2A-707. - Consequential damages. - Consequential damages resulting from a default include compensation for: (1)...

Section 42a-2A-708. - Specific performance. - (a) The court may enter a decree for specific performance...

Section 42a-2A-709. - Cancellation; effect. - (a) An aggrieved party may cancel a lease contract if...

Section 42a-2A-710. - Liquidation of damages; deposits. - (a) Damages for default or any other act or omission,...

Section 42a-2A-711. - Contractual modification of remedy. - (a) Except as otherwise provided in this article, the lease...

Section 42a-2A-712. - Remedies for misrepresentation or fraud. - Remedies for material misrepresentation or fraud include all remedies available...

Section 42a-2A-713. - Proof of market rent. - (a) Damages based on market rent are determined according to...

Section 42a-2A-714. - Liability of third parties for injury to goods. - (a) If a third party deals with goods identified to...

Section 42a-2A-715. - Statute of limitations. - (a) An action for default under a lease contract, including...

Section 42a-2A-716. - Lessor's remedies in general. - (a) If the lessee wrongfully rejects or revokes acceptance of...

Section 42a-2A-717. - Lessor's right to possession of goods. - (a) Upon a default by the lessee under a lease...

Section 42a-2A-718. - Lessor's right to identify goods to lease contract despite default or to salvage unfinished goods. - (a) Upon default by the lessee under the lease contract...

Section 42a-2A-719. - Lessor's refusal to deliver because of lessee's insolvency; stoppage in transit or otherwise. - (a) A lessor that discovers that the lessee is insolvent...

Section 42a-2A-720. - Lessor's rights to dispose of goods. - (a) Upon a default by a lessee under the lease...

Section 42a-2A-721. - Lessor's damages for nonacceptance, failure to pay or repudiation. - (a) Except as otherwise provided with respect to damages liquidated...

Section 42a-2A-722. - Lessor's action for the rent. - (a) Upon a default by the lessee under the lease...

Section 42a-2A-723. - Lessor's rights to residual interest. - In addition to any other recovery permitted by this article...

Section 42a-2A-724. - Lessee's remedies in general; lessee's security interest in rejected goods. - (a) If the lessor fails to deliver the goods in...

Section 42a-2A-725. - Lessee's rights on nonconforming delivery; rightful rejection. - (a) Subject to sections 42a-2A-710, 42a-2A-711 and 42a-2A-726, if the...

Section 42a-2A-726. - Installment lease contract: Default. - (a) In this section, “installment lease contract” means a lease...

Section 42a-2A-727. - Merchant lessee's duties; lessee's options as to salvage. - (a) Subject to a lessee's security interest under subsection (d)...

Section 42a-2A-728. - Lessee's duties as to rightfully rejected goods. - (a) Subject to subsection (d) of section 42a-2A-724 and section...

Section 42a-2A-729. - Cure. - (a) If a lessee rightfully rejects goods or a tender...

Section 42a-2A-730. - What constitutes acceptance of goods. - (a) Goods are accepted when the lessee: (1) After a...

Section 42a-2A-731. - Waiver of default; particularization of nonconformity. - A lessee is precluded from relying on a nonconforming performance...

Section 42a-2A-732. - Effect of acceptance; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over. - (a) A lessee shall pay rent in accordance with the...

Section 42a-2A-733. - Revocation of acceptance of goods. - (a) A lessee may revoke acceptance of a lot or...

Section 42a-2A-734. - Cover; lessee's acquisition of substitute goods. - (a) Upon a default by a lessor under the lease...

Section 42a-2A-735. - Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods. - (a) Except as otherwise provided with respect to damages liquidated...

Section 42a-2A-736. - Lessee's damages for default regarding accepted goods. - (a) Except as otherwise agreed, a lessee that has accepted...

Section 42a-2A-737. - Prepaying lessee's right to goods. - (a) A lessee that pays all or a part of...

Article 3 - Negotiable Instruments

Section 42a-3-101. - Short title: Uniform Commercial Code–Negotiable Instruments. - This article may be cited as “Uniform Commercial Code–Negotiable Instruments”....

Section 42a-3-102. - Subject matter. - (a) This article applies to negotiable instruments. It does not...

Section 42a-3-103. - Definitions. - (a) In this article: (1) “Acceptor” means a drawee who...

Section 42a-3-104. - Negotiable instrument. - (a) Except as provided in subsections (c) and (d), “negotiable...

Section 42a-3-105. - Issue of instrument. - (a) “Issue” means the first delivery of an instrument by...

Section 42a-3-106. - Unconditional promise or order. - (a) Except as provided in this section, for the purposes...

Section 42a-3-107. - Instrument payable in foreign money. - Unless the instrument otherwise provides, an instrument that states the...

Section 42a-3-108. - Payable on demand or at definite time. - (a) A promise or order is “payable on demand” if...

Section 42a-3-109. - Payable to bearer or to order. - (a) A promise or order is payable to bearer if...

Section 42a-3-110. - Identification of person to whom instrument is payable. - (a) The person to whom an instrument is initially payable...

Section 42a-3-111. - Place of payment. - Except as otherwise provided for items in article 4, an...

Section 42a-3-112. - Interest. - (a) Unless otherwise provided in the instrument, (i) an instrument...

Section 42a-3-113. - Date of instrument. - (a) An instrument may be antedated or postdated. The date...

Section 42a-3-114. - Contradictory terms of instrument. - If an instrument contains contradictory terms, typewritten terms prevail over...

Section 42a-3-115. - Incomplete instrument. - (a) “Incomplete instrument” means a signed writing, whether or not...

Section 42a-3-116. - Joint and several liability. Contribution. - (a) Except as otherwise provided in the instrument, two or...

Section 42a-3-117. - Other agreements affecting instrument. - Subject to applicable law regarding exclusion of proof of contemporaneous...

Section 42a-3-118. - Statute of limitations. - (a) Except as provided in subsection (e), an action to...

Section 42a-3-119. - Notice of right to defend action. - In an action for breach of an obligation for which...

Section 42a-3-120 to 42a-3-122. - Instruments “payable through” bank. Instruments payable at bank. Accrual of cause of action. - Sections 42a-3-120 to 42a-3-122, inclusive, are repealed. (1959, P.A. 133,...

Section 42a-3-201. - Negotiation. - (a) “Negotiation” means a transfer of possession, whether voluntary or...

Section 42a-3-202. - Negotiation subject to rescission. - (a) Negotiation is effective even if obtained (i) from an...

Section 42a-3-203. - Transfer of an instrument. Rights acquired by transfer. - (a) An instrument is transferred when it is delivered by...

Section 42a-3-204. - Endorsement. - (a) “Endorsement” means a signature, other than that of a...

Section 42a-3-205. - Special endorsement. Blank endorsement. Anomalous endorsement. - (a) If an endorsement is made by the holder of...

Section 42a-3-206. - Restrictive endorsement. - (a) An endorsement limiting payment to a particular person or...

Section 42a-3-207. - Reacquisition. - Reacquisition of an instrument occurs if it is transferred to...

Section 42a-3-208. - Reacquisition. - Section 42a-3-208 is repealed. (1959, P.A. 133, S. 3-208; P.A....

Section 42a-3-301. - Person entitled to enforce instrument. - Person entitled to enforce” an instrument means (i) the holder...

Section 42a-3-302. - Holder in due course. - (a) Subject to subsection (c) and section 42a-3-106(d), “holder in...

Section 42a-3-303. - Value and consideration. - (a) An instrument is issued or transferred for value if:...

Section 42a-3-304. - Overdue instrument. - (a) An instrument payable on demand becomes overdue at the...

Section 42a-3-305. - Defenses and claims in recoupment. - (a) Except as stated in subsection (b), the right to...

Section 42a-3-306. - Claims to an instrument. - A person taking an instrument, other than a person having...

Section 42a-3-307. - Notice of breach of fiduciary duty. - (a) In this section: (1) “Fiduciary” means an agent, trustee,...

Section 42a-3-308. - Proof of signatures and status as holder in due course. - (a) In an action with respect to an instrument, the...

Section 42a-3-309. - Enforcement of lost, destroyed or stolen instrument. - (a) A person not in possession of an instrument is...

Section 42a-3-310. - Effect of instrument on obligation for which taken. - (a) Unless otherwise agreed, if a certified check, cashier's check...

Section 42a-3-311. - Accord and satisfaction by use of instrument. - (a) If a person against whom a claim is asserted...

Section 42a-3-312. - Enforcement of lost, destroyed or stolen cashier's checks, teller's checks or certified checks. - (a) In this section: (1) “Check” means a cashier's check,...

Section 42a-3-401. - Signature. - (a) A person is not liable on an instrument unless...

Section 42a-3-402. - Signature by representative. - (a) If a person acting, or purporting to act, as...

Section 42a-3-403. - Unauthorized signature. - (a) Unless otherwise provided in this article or article 4,...

Section 42a-3-404. - Impostors. Fictitious payees. - (a) If an impostor, by use of the mails or...

Section 42a-3-405. - Employer's responsibility for fraudulent endorsement by employee. - (a) In this section: (1) “Employee” includes an independent contractor...

Section 42a-3-406. - Negligence contributing to forged signature or alteration of instrument. - (a) A person whose failure to exercise ordinary care substantially...

Section 42a-3-407. - Alteration. - (a) “Alteration” means (i) an unauthorized change in an instrument...

Section 42a-3-408. - Drawee not liable on unaccepted draft. - A check or other draft does not of itself operate...

Section 42a-3-409. - Acceptance of draft. Certified check. - (a) “Acceptance” means the drawee's signed agreement to pay a...

Section 42a-3-410. - Acceptance varying draft. - (a) If the terms of a drawee's acceptance vary from...

Section 42a-3-411. - Refusal to pay cashier's checks, teller's checks and certified checks. - (a) In this section, “obligated bank” means the acceptor of...

Section 42a-3-412. - Obligation of issuer of note or cashier's check. - The issuer of a note or cashier's check or other...

Section 42a-3-413. - Obligation of acceptor. - (a) The acceptor of a draft is obliged to pay...

Section 42a-3-414. - Obligation of drawer. - (a) This section does not apply to cashier's checks or...

Section 42a-3-415. - Obligation of endorser. - (a) Subject to subsections (b) to (e), inclusive, of this...

Section 42a-3-416. - Transfer warranties. - (a) A person who transfers an instrument for consideration warrants...

Section 42a-3-417. - Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...

Section 42a-3-418. - Payment or acceptance by mistake. - (a) Except as provided in subsection (c), if the drawee...

Section 42a-3-419. - Instruments signed for accommodation. - (a) If an instrument is issued for value given for...

Section 42a-3-420. - Conversion of instrument. - (a) The law applicable to conversion of personal property applies...

Section 42a-3-501. - Presentment. - (a) “Presentment” means a demand made by or on behalf...

Section 42a-3-502. - Dishonor. - (a) Dishonor of a note is governed by the following...

Section 42a-3-503. - Notice of dishonor. - (a) The obligation of an endorser stated in section 42a-3-415(a)...

Section 42a-3-504. - Excused presentment and notice of dishonor. - (a) Presentment for payment or acceptance of an instrument is...

Section 42a-3-505. - Evidence of dishonor. - (a) The following are admissible as evidence and create a...

Section 42a-3-506 to 42a-3-511. - Time allowed for acceptance or payment. Dishonor; holder's right of recourse; term allowing representment. Notice of dishonor. Protest; noting for protest. Evidence of dishonor and notice of dishonor. Waved or excuse... - Sections 42a-3-506 to 42a-3-511, inclusive, are repealed. (1959, P.A. 133,...

Section 42a-3-601. - Discharge and effect of discharge. - (a) The obligation of a party to pay the instrument...

Section 42a-3-602. - Payment. - (a) Subject to subsection (b), an instrument is paid to...

Section 42a-3-603. - Tender of payment. - (a) If tender of payment of an obligation to pay...

Section 42a-3-604. - Discharge by cancellation or renunciation. - (a) A person entitled to enforce an instrument, with or...

Section 42a-3-605. - Discharge of endorsers and accommodation parties. - (a) In this section, the term “endorser” includes a drawer...

Section 42a-3-606. - Impairment of recourse or of collateral. - Section 42a-3-606 is repealed. (1959, P.A. 133, S. 3-606; P.A....

Section 42a-3-701. - Letter of advice of international sight draft. - Section 42a-3-701 is repealed. (1959, P.A. 133, S. 3-701; P.A....

Section 42a-3-801 to 42a-3-805. - Drafts in a set. Effect of instrument on obligation for which it is given. Notice to third party. Lost, destroyed or stolen instruments. Instruments not payable to order or to bearer. - Sections 42a-3-801 to 42a-3-805, inclusive, are repealed. (1959, P.A. 133,...

Article 4 - Bank Deposits and Collections

Section 42a-4-101. - Short title: Uniform Commercial Code–Bank Deposits and Collections. - This article may be cited as “Uniform Commercial Code–Bank Deposits...

Section 42a-4-102. - Applicability. - (a) To the extent that items within this article are...

Section 42a-4-103. - Variation by agreement. Measure of damages. Action constituting ordinary care. - (a) The effect of the provisions of this article may...

Section 42a-4-104. - Definitions and index of definitions. - (a) In this article, unless the context otherwise requires: (1)...

Section 42a-4-105. - “Bank”. “Depositary bank”. “Payor bank”. “Intermediary bank”. “Collecting bank”. “Presenting bank”. - In this article: (1) “Bank” means a person engaged in...

Section 42a-4-106. - Payable through or payable at bank. Collecting bank. - (a) If an item states that it is “payable through”...

Section 42a-4-107. - Separate office of bank. - A branch or separate office of a bank is a...

Section 42a-4-108. - Time of receipt of items. - (a) For the purpose of allowing time to process items,...

Section 42a-4-109. - Delays. - (a) Unless otherwise instructed, a collecting bank in a good...

Section 42a-4-110. - Electronic presentment. - (a) “Agreement for electronic presentment” means an agreement, clearinghouse rule,...

Section 42a-4-111. - Statute of limitations. - An action to enforce an obligation, duty, or right arising...

Section 42a-4-201. - Status of collecting bank as agent and provisional status of credits. Applicability of article. Item endorsed “pay any bank”. - (a) Unless a contrary intent clearly appears and before the...

Section 42a-4-202. - Responsibility for collection or return. When action timely. - (a) A collecting bank must exercise ordinary care in: (1)...

Section 42a-4-203. - Effect of instructions. - Subject to section 42a-3-420 concerning conversion of instruments and section...

Section 42a-4-204. - Methods of sending and presenting. Sending directly to payor bank. - (a) A collecting bank shall send items by a reasonably...

Section 42a-4-205. - Depositary bank holder of unendorsed item. - If a customer delivers an item to a depositary bank...

Section 42a-4-206. - Transfer between banks. - Any agreed method that identifies the transferor bank is sufficient...

Section 42a-4-207. - Transfer warranties. - (a) A customer or collecting bank that transfers an item...

Section 42a-4-208. - Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...

Section 42a-4-209. - Encoding and retention warranties. - (a) A person who encodes information on or with respect...

Section 42a-4-210. - Security interest of collecting bank in items, accompanying documents and proceeds. - (a) A collecting bank has a security interest in an...

Section 42a-4-211. - When bank gives value for purposes of holder in due course. - For purposes of determining its status as a holder in...

Section 42a-4-212. - Presentment by notice of item not payable by, through or at bank. Liability of drawer or endorser. - (a) Unless otherwise instructed, a collecting bank may present an...

Section 42a-4-213. - Medium and time of settlement by bank. - (a) With respect to settlement by a bank, the medium...

Section 42a-4-214. - Right of charge-back or refund. Liability of collecting bank. Return of item. - (a) If a collecting bank has made provisional settlement with...

Section 42a-4-215. - Final payment of item by payor bank. When provisional debits and credits become final. When certain credits become available for withdrawal. - (a) An item is finally paid by a payor bank...

Section 42a-4-216. - Insolvency and preference. - (a) If an item is in or comes into the...

Section 42a-4-301. - Deferred posting. Recovery of payment by return of items. Time of dishonor. Return of items by payor bank. - (a) If a payor bank settles for a demand item...

Section 42a-4-302. - Payor bank's responsibility for late return of item. - (a) If an item is presented to and received by...

Section 42a-4-303. - When items subject to notice, stop-payment order, legal process or set-off. Order in which items may be charged or certified. - (a) Any knowledge, notice or stop-payment order received by, legal...

Section 42a-4-401. - When bank may charge customer's account. - (a) A bank may charge against the account of a...

Section 42a-4-402. - Bank's liability to customer for wrongful dishonor. Time of determining insufficiency of account. - (a) Except as otherwise provided in this article, a payor...

Section 42a-4-403. - Customer's right to stop payment. Burden of proof of loss. - (a) A customer or any person authorized to draw on...

Section 42a-4-404. - Bank not obligated to pay check more than six months old. - A bank is under no obligation to a customer having...

Section 42a-4-405. - Death or incompetence of customer. - (a) A payor or collecting bank's authority to accept, pay,...

Section 42a-4-406. - Customer's duty to discover and report unauthorized signature or alteration. - (a) A bank that sends or makes available to a...

Section 42a-4-407. - Payor bank's right to subrogation on improper payment. - If a payor bank has paid an item over the...

Section 42a-4-501. - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor. - A bank that takes a documentary draft for collection shall...

Section 42a-4-502. - Presentment of “on arrival” drafts. - If a draft or the relevant instructions require presentment “on...

Section 42a-4-503. - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need. - Unless otherwise instructed and except as provided in article 5,...

Section 42a-4-504. - Privilege of presenting bank to deal with goods; security interest for expenses. - (a) A presenting bank that, following the dishonor of a...

Article 4A - Funds Transfers

Section 42a-4A-101. - Short title: Uniform Commercial Code–Funds Transfers. - This article may be cited as “Uniform Commercial Code–Funds Transfers”....

Section 42a-4A-102. - Subject matter. - Except as otherwise provided in section 42a-4A-108, this article applies...

Section 42a-4A-103. - Payment order; definitions. - (a) In this article: (1) “Payment order” means an instruction...

Section 42a-4A-104. - Funds transfer; definitions. - In this article: (a) “Funds transfer” means the series of...

Section 42a-4A-105. - Other definitions. - (a) In this article: (1) “Authorized account” means a deposit...

Section 42a-4A-106. - Time payment order is received. - (a) The time of receipt of a payment order or...

Section 42a-4A-107. - Federal regulations and operating circulars. - Regulations of the Board of Governors of the Federal Reserve...

Section 42a-4A-108. - Application of article to certain funds transfers governed by federal law. - (a) This article does not apply to a funds transfer...

Section 42a-4A-201. - Security procedure. - Security procedure” means a procedure established by agreement of a...

Section 42a-4A-202. - Authorized and verified payment orders. - (a) A payment order received by the receiving bank is...

Section 42a-4A-203. - Unenforceability of certain verified payment orders. - (a) If an accepted payment order is not, under subsection...

Section 42a-4A-204. - Refund of payment and duty of customer to report with respect to unauthorized payment order. - (a) If a receiving bank accepts a payment order issued...

Section 42a-4A-205. - Erroneous payment orders. - (a) If an accepted payment order was transmitted pursuant to...

Section 42a-4A-206. - Transmission of payment order through funds-transfer or other communication system. - (a) If a payment order addressed to a receiving bank...

Section 42a-4A-207. - Misdescription of beneficiary. - (a) Subject to subsection (b), if, in a payment order...

Section 42a-4A-208. - Misdescription of intermediary bank or beneficiary's bank. - (a) This subsection applies to a payment order identifying an...

Section 42a-4A-209. - Acceptance of payment order. - (a) Subject to subsection (d), a receiving bank other than...

Section 42a-4A-210. - Rejection of payment order. - (a) A payment order is rejected by the receiving bank...

Section 42a-4A-211. - Cancellation and amendment of payment order. - (a) A communication of the sender of a payment order...

Section 42a-4A-212. - Liability and duty of receiving bank regarding unaccepted payment order. - If a receiving bank fails to accept a payment order...

Section 42a-4A-301. - Execution and execution date. - (a) A payment order is “executed” by the receiving bank...

Section 42a-4A-302. - Obligations of receiving bank in execution of payment order. - (a) Except as provided in subsections (b) to (d), inclusive,...

Section 42a-4A-303. - Erroneous execution of payment order. - (a) A receiving bank that (i) executes the payment order...

Section 42a-4A-304. - Duty of sender to report erroneously executed payment order. - If the sender of a payment order that is erroneously...

Section 42a-4A-305. - Liability for late or improper execution or failure to execute payment order. - (a) If a funds transfer is completed but execution of...

Section 42a-4A-401. - Payment date. - Payment date” of a payment order means the day on...

Section 42a-4A-402. - Obligation of sender to pay receiving bank. - (a) This section is subject to sections 42a-4A-205 and 42a-4A-207....

Section 42a-4A-403. - Payment by sender to receiving bank. - (a) Payment of the sender's obligation under section 42a-4A-402 to...

Section 42a-4A-404. - Obligation of beneficiary's bank to pay and give notice to beneficiary. - (a) Subject to subsection (e) of section 42a-4A-211 and subsections...

Section 42a-4A-405. - Payment by beneficiary's bank to beneficiary. - (a) If the beneficiary's bank credits an account of the...

Section 42a-4A-406. - Payment by originator to beneficiary; discharge of underlying obligation. - (a) Subject to subsection (e) of section 42a-4A-211 and subsections...

Section 42a-4A-501. - Variation by agreement and effect of funds-transfer system rule. - (a) Except as otherwise provided in this article, the rights...

Section 42a-4A-502. - Creditor process served on receiving bank; set-off by beneficiary's bank. - (a) As used in this section, “creditor process” means levy,...

Section 42a-4A-503. - Injunction or restraining order with respect to funds transfer. - For proper cause and in compliance with applicable law, a...

Section 42a-4A-504. - Order in which items and payment orders may be charged to account; order of withdrawals from account. - (a) If a receiving bank has received more than one...

Section 42a-4A-505. - Preclusion of objection to debit of customer's account. - If a receiving bank has received payment from its customer...

Section 42a-4A-506. - Rate of interest. - (a) If, under this article, a receiving bank is obliged...

Section 42a-4A-507. - Choice of law. - (a) The following rules apply unless the affected parties otherwise...

Article 5 - Letters of Credit

Section 42a-5-101. - Short title: Uniform Commercial Code–Letters of Credit. - This article may be cited as “Uniform Commercial Code–Letters of...

Section 42a-5-102. - Definitions. - (a) In this article: (1) “Adviser” means a person who,...

Section 42a-5-103. - Scope. - (a) This article applies to letters of credit and to...

Section 42a-5-104. - Formal requirements. - A letter of credit, confirmation, advice, transfer, amendment or cancellation...

Section 42a-5-105. - Consideration. - Consideration is not required to issue, amend, transfer or cancel...

Section 42a-5-106. - Issuance, amendment, cancellation and duration. - (a) A letter of credit is issued and becomes enforceable...

Section 42a-5-107. - Confirmer, nominated person and adviser. - (a) A confirmer is directly obligated on a letter of...

Section 42a-5-108. - Issuer's rights and obligations. - (a) Except as otherwise provided in section 42a-5-109, an issuer...

Section 42a-5-109. - Fraud and forgery. - (a) If a presentation is made that appears on its...

Section 42a-5-110. - Warranties. - (a) If its presentation is honored, the beneficiary warrants: (1)...

Section 42a-5-111. - Remedies. - (a) If an issuer wrongfully dishonors or repudiates its obligation...

Section 42a-5-112. - Transfer of letter of credit. - (a) Except as otherwise provided in section 42a-5-113, unless a...

Section 42a-5-113. - Transfer by operation of law. - (a) A successor of a beneficiary may consent to amendments,...

Section 42a-5-114. - Assignment of proceeds. - (a) In this section, “proceeds of a letter of credit”...

Section 42a-5-115. - Statute of limitations. - An action to enforce a right or obligation arising under...

Section 42a-5-116. - Choice of law and forum. - (a) The liability of an issuer, nominated person or adviser...

Section 42a-5-117. - Subrogation of issuer, applicant and nominated person. - (a) An issuer that honors a beneficiary's presentation is subrogated...

Section 42a-5-118. - Security interest of issuer or nominated person. - (a) An issuer or nominated person has a security interest...

Section 42a-5-118a. - Applicability. - Public act 96-198* applies to a letter of credit that...

Section 42a-5-119. - Savings clause. - A transaction arising out of or associated with a letter...

Article 6 - Bulk Transfers (Conditionally Repealed)

Section 42a-6-101 to 42a-6-110a. - Uniform Commercial Code–Bulk Transfers. - Sections 42a-6-101 to 42a-6-110a, inclusive, are repealed. (1959, P.A. 133,...

Section 42a-6-110b. - Validity and enforceability of rights and obligations arising under former provisions on bulk transfers. - Rights and obligations that arose under sections 42a-6-101 to 42a-6-110a,...

Article 7 - Documents of Title

Section 42a-7-101. - Short title: Uniform Commercial Code–Documents of Title. - This article may be cited as “Uniform Commercial Code–Documents of...

Section 42a-7-102. - Definitions and index of definitions. - (a) In this article, unless the context otherwise requires: (1)...

Section 42a-7-103. - Relation of article to treaty or statute. - (a) This article is subject to any treaty or statute...

Section 42a-7-104. - Negotiable and nonnegotiable document of title. - (a) Except as otherwise provided in subsection (c) of this...

Section 42a-7-105. - Reissuance in alternative medium. - (a) Upon request of a person entitled under an electronic...

Section 42a-7-106. - Control of electronic document of title. - (a) A person has control of an electronic document of...

Section 42a-7-201. - Person that may issue a warehouse receipt; storage under bond. - (a) A warehouse receipt may be issued by any warehouse....

Section 42a-7-202. - Form of warehouse receipt; effect of omission. - (a) A warehouse receipt need not be in any particular...

Section 42a-7-203. - Liability for nonreceipt or misdescription. - A party to or purchaser for value in good faith...

Section 42a-7-204. - Duty of care; contractual limitation of warehouse's liability. - (a) A warehouse is liable for damages for loss of...

Section 42a-7-205. - Title under warehouse receipt defeated in certain cases. - A buyer in ordinary course of business of fungible goods...

Section 42a-7-206. - Termination of storage at warehouse's option. - (a) A warehouse, by giving notice to the person on...

Section 42a-7-207. - Goods must be kept separate; fungible goods. - (a) Unless the warehouse receipt provides otherwise, a warehouse shall...

Section 42a-7-208. - Altered warehouse receipts. - If a blank in a negotiable tangible warehouse receipt has...

Section 42a-7-209. - Lien of warehouse. - (a) A warehouse has a lien against the bailor on...

Section 42a-7-210. - Enforcement of warehouse's lien. - (a) Except as otherwise provided in subsection (b) of this...

Section 42a-7-301. - Liability for nonreceipt or misdescription; “said to contain”; “shipper's weight, load and count”; improper handling. - (a) A consignee of a nonnegotiable bill of lading which...

Section 42a-7-302. - Through bills of lading and similar documents of title. - (a) The issuer of a through bill of lading, or...

Section 42a-7-303. - Diversion; reconsignment; change of instructions. - (a) Unless the bill of lading otherwise provides, a carrier...

Section 42a-7-304. - Tangible bills of lading in a set. - (a) Except as customary in international transportation, a tangible bill...

Section 42a-7-305. - Destination bills. - (a) Instead of issuing a bill of lading to the...

Section 42a-7-306. - Altered bills of lading. - An unauthorized alteration or filling in of a blank in...

Section 42a-7-307. - Lien of carrier. - (a) A carrier has a lien on the goods covered...

Section 42a-7-308. - Enforcement of carrier's lien. - (a) A carrier's lien on goods may be enforced by...

Section 42a-7-309. - Duty of care; contractual limitation of carrier's liability. - (a) A carrier that issues a bill of lading, whether...

Section 42a-7-401. - Irregularities in issue of receipt or bill or conduct of issuer. - The obligations imposed by this article on an issuer apply...

Section 42a-7-402. - Duplicate document of title; overissue. - A duplicate or any other document of title purporting to...

Section 42a-7-403. - Obligation of bailee to deliver; excuse. - (a) A bailee shall deliver the goods to a person...

Section 42a-7-404. - No liability for good faith delivery pursuant to document of title. - A bailee that in good faith has received goods and...

Section 42a-7-501. - Form of negotiation and requirements of due negotiation. - (a) The following rules apply to a negotiable tangible document...

Section 42a-7-502. - Rights acquired by due negotiation. - (a) Subject to sections 42a-7-205 and 42a-7-503, a holder to...

Section 42a-7-503. - Document of title to goods defeated in certain cases. - (a) A document of title confers no right in goods...

Section 42a-7-504. - Rights acquired in the absence of due negotiation; effect of diversion; stoppage of delivery. - (a) A transferee of a document of title, whether negotiable...

Section 42a-7-505. - Endorser not guarantor for other parties. - The endorsement of a tangible document of title issued by...

Section 42a-7-506. - Delivery without endorsement: Right to compel endorsement. - The transferee of a negotiable tangible document of title has...

Section 42a-7-507. - Warranties on negotiation or delivery of document of title. - If a person negotiates or delivers a document of title...

Section 42a-7-508. - Warranties of collecting bank as to documents of title. - A collecting bank or other intermediary known to be entrusted...

Section 42a-7-509. - Adequate compliance with commercial contract. - Whether a document of title is adequate to fulfill the...

Section 42a-7-601. - Lost, stolen or destroyed documents of title. - (a) If a document of title is lost, stolen or...

Section 42a-7-602. - Judicial process against goods covered by negotiable document of title. - Unless a document of title was originally issued upon delivery...

Section 42a-7-603. - Conflicting claims; interpleader. - If more than one person claims title to or possession...

Section 42a-7-703. - Applicability. - This article and other provisions of this title, as amended...

Section 42a-7-704. - Savings clause. - A document of title issued or a bailment that arises...

Article 8 - Investment Securities

Section 42a-8-101. - Short title: Uniform Commercial Code–Investment Securities. - This article may be cited as Uniform Commercial Code–Investment Securities....

Section 42a-8-102. - Definitions. - (a) In this article: (1) “Adverse claim” means a claim...

Section 42a-8-103. - Rules for determining whether certain obligations and interests are securities or financial assets. - (a) A share or similar equity interest issued by a...

Section 42a-8-104. - Acquisition of security or financial asset or interest therein. - (a) A person acquires a security or an interest therein,...

Section 42a-8-105. - Notice of adverse claim. - (a) A person has notice of an adverse claim if:...

Section 42a-8-106. - Control. - (a) A purchaser has “control” of a certificated security in...

Section 42a-8-107. - Whether endorsement, instruction or entitlement order is effective. - (a) “Appropriate person” means: (1) With respect to an endorsement,...

Section 42a-8-108. - Warranties in direct holding. - (a) A person who transfers a certificated security to a...

Section 42a-8-109. - Warranties in indirect holding. - (a) A person who originates an entitlement order to a...

Section 42a-8-110. - Applicability; choice of law. - (a) The local law of the issuer's jurisdiction, as specified...

Section 42a-8-111. - Clearing corporation rules. - A rule adopted by a clearing corporation governing rights and...

Section 42a-8-112. - Creditor's legal process. - (a) The interest of a debtor in a certificated security...

Section 42a-8-113. - Statute of frauds inapplicable. - A contract or modification of a contract for the sale...

Section 42a-8-114. - Evidentiary rules concerning certificated securities. - The following rules apply in an action on a certificated...

Section 42a-8-115. - Securities intermediary and others not liable to adverse claimant. - A securities intermediary that has transferred a financial asset pursuant...

Section 42a-8-116. - Securities intermediary as purchaser. - A securities intermediary that receives a financial asset and establishes...

Section 42a-8-201. - Issuer. - (a) With respect to an obligation on or a defense...

Section 42a-8-202. - Issuer's responsibility and defenses; notice of defect or defense. - (a) Even against a purchaser for value and without notice,...

Section 42a-8-203. - Staleness as notice of defect or defense. - After an act or event, other than a call that...

Section 42a-8-204. - Effect of issuer's restriction on transfer. - A restriction on transfer of a security imposed by the...

Section 42a-8-205. - Effect of unauthorized signature on security certificate. - An unauthorized signature placed on a security certificate before or...

Section 42a-8-206. - Completion or alteration of security certificate. - (a) If a security certificate contains the signatures necessary to...

Section 42a-8-207. - Rights and duties of issuer with respect to registered owners. - (a) Before due presentment for registration of transfer of a...

Section 42a-8-208. - Effect of signature of authenticating trustee, registrar or transfer agent. - (a) A person signing a security certificate as authenticating trustee,...

Section 42a-8-209. - Issuer's lien. - A lien in favor of an issuer upon a certificated...

Section 42a-8-210. - Overissue. - (a) In this section, “overissue” means the issue of securities...

Section 42a-8-301. - Delivery. - (a) Delivery of a certificated security to a purchaser occurs...

Section 42a-8-302. - Rights of purchaser. - (a) Except as otherwise provided in subsections (b) and (c)...

Section 42a-8-303. - Protected purchaser. - (a) “Protected purchaser” means a purchaser of a certificated or...

Section 42a-8-304. - Endorsement. - (a) An endorsement may be in blank or special. An...

Section 42a-8-305. - Instruction. - (a) If an instruction has been originated by an appropriate...

Section 42a-8-306. - Effect of guaranteeing signature, endorsement or instruction. - (a) A person who guarantees a signature of an endorser...

Section 42a-8-307. - Purchaser's right to requisites for registration of transfer. - Unless otherwise agreed, the transferor of a security on due...

Section 42a-8-308 to 42a-8-321. - Endorsements; instructions. Effect of endorsement without delivery. Endorsement of certificated security in bearer form. Effect of unauthorized endorsement or instruction. Effect of guaranteeing signature, endorsemen... - Sections 42a-8-308 to 42a-8-321, inclusive, are repealed, effective October 1,...

Section 42a-8-401. - Duty of issuer to register transfer. - (a) If a certificated security in registered form is presented...

Section 42a-8-402. - Assurance that endorsement or instruction is effective. - (a) An issuer may require the following assurance that each...

Section 42a-8-403. - Demand that issuer not register transfer. - (a) A person who is an appropriate person to make...

Section 42a-8-404. - Wrongful registration. - (a) Except as otherwise provided in section 42a-8-406, an issuer...

Section 42a-8-405. - Replacement of lost, destroyed or wrongfully taken security certificate. - (a) If an owner of a certificated security, whether in...

Section 42a-8-406. - Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate. - If a security certificate has been lost, apparently destroyed, or...

Section 42a-8-407. - Authenticating trustee, transfer agent and registrar. - A person acting as authenticating trustee, a transfer agent, registrar...

Section 42a-8-408. - Statement of uncertificated securities. - Section 42a-8-408 is repealed, effective October 1, 1997. (P.A. 79-435,...

Section 42a-8-501. - Securities account; acquisition of security entitlement from securities intermediary. - (a) “Securities account” means an account to which a financial...

Section 42a-8-502. - Assertion of adverse claim against entitlement holder. - An action based on an adverse claim to a financial...

Section 42a-8-503. - Property interest of entitlement holder in financial asset held by securities intermediary. - (a) To the extent necessary for a securities intermediary to...

Section 42a-8-504. - Duty of securities intermediary to maintain financial asset. - (a) A securities intermediary shall promptly obtain and thereafter maintain...

Section 42a-8-505. - Duty of securities intermediary with respect to payments and distributions. - (a) A securities intermediary shall take action to obtain a...

Section 42a-8-506. - Duty of securities intermediary to exercise rights as directed by entitlement holder. - A securities intermediary shall exercise rights with respect to a...

Section 42a-8-507. - Duty of securities intermediary to comply with entitlement order. - (a) A securities intermediary shall comply with an entitlement order...

Section 42a-8-508. - Duty of securities intermediary to change entitlement holder's position to other form of security holding. - A securities intermediary shall act at the direction of an...

Section 42a-8-509. - Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder. - (a) If the substance of a duty imposed upon a...

Section 42a-8-510. - Rights of purchaser of security entitlement from entitlement holder. - (a) In a case not covered by the priority rules...

Section 42a-8-511. - Priority among security interests and entitlement holders. - (a) Except as otherwise provided in subsections (b) and (c)...

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Connecticut General Statutes Title 42a - Uniform Commercial Code

Connecticut General Statutes
Title 42a - Uniform Commercial Code