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Part 1. General Provisions
§ 9-101. Short title. - This Article may be cited as Uniform Commercial Code —...
§ 9-102. Definitions and index of definitions. - (a) Article 9 definitions. — In this Article: (1) “Accession”...
§ 9-103. Purchase-money security interest; application of payments; burden of establishing. - (a) Definitions. — In this section: (1) “purchase-money collateral” means...
§ 9-104. Control of deposit account. - (a) Requirements for control. — A secured party has control...
§ 9-105. Control of electronic chattel paper. - (a) General rule: (b) Specific facts giving control. — A...
§ 9-106. Control of investment property. - (a) Control under Section 8-106. — A person has control...
§ 9-107. Control of letter-of-credit right. - A secured party has control of a letter-of-credit right to...
§ 9-108. Sufficiency of description. - (a) Sufficiency of description. — Except as otherwise provided in...
§ 9-109. Scope. - (a) General scope of Article. — Except as otherwise provided...
§ 9-110. Security interests arising under Article 2 or 2A. - A security interest arising under Section 2-401, 2-505, 2-711(3), or...
§ 9-111. Law governing creation, attachment and enforcement of security interests; characterizations; and certain other rights. - (a) Law governing classification of collateral and creation, attachment and...
Part 2. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement
§ 9-201. General effectiveness of security agreement. - (a) General effectiveness. — Except as otherwise provided in the...
§ 9-202. Title to collateral immaterial. - Except as otherwise provided with respect to consignments or sales...
§ 9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. - (a) Attachment. — A security interest attaches to collateral when...
§ 9-204. After-acquired property; future advances. - (a) After-acquired collateral. — Except as otherwise provided in subsection...
§ 9-205. Use or disposition of collateral permissible. - (a) When security interest not invalid or fraudulent. — A...
§ 9-206. Security interest arising in purchase or delivery of financial asset. - (a) Security interest when person buys through securities intermediary. —...
§ 9-207. Rights and duties of secured party having possession or control of collateral. - (a) Duty of care when secured party in possession. —...
§ 9-208. Additional duties of secured party having control of collateral. - (a) Applicability of section. — This section applies to cases...
§ 9-209. Duties of secured party if account debtor has been notified of assignment. - (a) Applicability of section. — Except as otherwise provided in...
§ 9-210. Request for accounting; request regarding list of collateral or statement of account. - (a) Definitions. — In this section: (1) “Request” means a...
Part 3. Perfection and Priority
§ 9-301. Law governing perfection and priority of security interests. - Except as otherwise provided in Sections 9-303 through 9-306, the...
§ 9-302. Law governing perfection and priority of agricultural liens. - While farm products are located in a jurisdiction, the local...
§ 9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title. - (a) Applicability of section. — This section applies to goods...
§ 9-304. Law governing perfection and priority of security interests in deposit accounts. - (a) Law of bank's jurisdiction governs. — The local law...
§ 9-305. Law governing perfection and priority of security interests in investment property. - (a) Governing law: (1) While a security certificate is located...
§ 9-306. Law governing perfection and priority of security interests in letter-of-credit rights. - (a) Governing law: (b) Issuer's or nominated person's jurisdiction. —...
§ 9-307. Location of debtor. - (a) “Place of business.” — In this section, “place of...
§ 9-308. When security interest or agricultural lien is perfected; continuity of perfection. - (a) Perfection of security interest. — Except as otherwise provided...
§ 9-309. Security interest perfected upon attachment. - The following security interests are perfected when they attach: (1)...
§ 9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. - (a) General rule: (b) Exceptions: (1) that is perfected under...
§ 9-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties. - (a) Security interest subject to other law. — Except as...
§ 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 without f... - (a) Perfection by filing permitted. — A security interest in...
§ 9-313. When possession by or delivery to secured party perfects security interest without filing. - (a) Perfection by possession or delivery. — Except as otherwise...
§ 9-314. Perfection by control. - (a) Perfection by control. — A security interest in investment...
§ 9-315. Secured party's rights on disposition of collateral and in proceeds. - (a) Disposition of collateral: (1) a security interest or agricultural...
§ 9-316. Effect of change in governing law. - (a) General rule: (1) the time perfection would have ceased...
§ 9-317. Interests that take priority over or take free of security interest or agricultural lien. - (a) Conflicting security interests and rights of lien creditors. —...
§ 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. - (a) Seller retains no interest. — A debtor that has...
§ 9-319. Rights and title of consignee with respect to creditors and purchasers. - (a) Consignee has consignor's rights. — Except as otherwise provided...
§ 9-320. Buyer of goods. - (a) Buyer in ordinary course of business. — Except as...
§ 9-321. Licensee of general intangible and lessee of goods in ordinary course of business. - (a) “Licensee in ordinary course of business.” — In this...
§ 9-322. Priorities among conflicting security interests in and agricultural liens on same collateral. - (a) General priority rules. — Except as otherwise provided in...
§ 9-323. Future advances. - (a) When priority based on time of advance. — Except...
§ 9-324. Priority of purchase-money security interests. - (a) General rule: (b) Inventory purchase-money priority. — Subject to...
§ 9-326. Priority of security interests created by new debtor. - (a) Subordination of security interest created by new debtor. —...
§ 9-327. Priority of security interests in deposit account. - The following rules govern priority among conflicting security interests in...
§ 9-328. Priority of security interests in investment property. - The following rules govern priority among conflicting security interests in...
§ 9-329. Priority of security interests in letter-of-credit right. - The following rules govern priority among conflicting security interests in...
§ 9-330. Priority of purchaser of chattel paper or instrument. - (a) Purchaser's priority: (1) in good faith and in the...
§ 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. - (a) Rights under Articles 3, 7, and 8 not limited....
§ 9-332. Transfer of money; transfer of funds from deposit account. - (a) Transferee of money. — A transferee of money takes...
§ 9-333. Priority of certain liens arising by operation of law. - (a) “Possessory lien.” — In this section, “possessory lien” means...
§ 9-334. Priority of security interests in fixtures and crops. - (a) Security interest in fixtures under this Article. — A...
§ 9-335. Accessions. - (a) Creation of security interest in accession. — A security...
§ 9-336. Commingled goods. - (a) “Commingled goods.” — In this section, “commingled goods” means...
§ 9-337. Priority of security interests in goods covered by certificate of title. - If, while a security interest in goods is perfected by...
§ 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...
§ 9-339. Priority subject to subordination. - This Article does not preclude subordination by agreement by a...
§ 9-340. Effectiveness of right of recoupment or set-off against deposit account. - (a) Exercise of recoupment or set-off. — Except as otherwise...
§ 9-341. Bank's rights and duties with respect to deposit account. - Except as otherwise provided in Section 9-340(c), and unless the...
§ 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
§ 9-401. Alienability of debtor's rights. - (a) Other law governs alienability; exceptions. — Except as otherwise...
§ 9-402. Secured party not obligated on contract of debtor or in tort. - The existence of a security interest, agricultural lien, or authority...
§ 9-403. Agreement not to assert defenses against assignee. - (a) “Value.” — In this section, “value” has the meaning...
§ 9-404. Rights acquired by assignee; claims and defenses against assignee. - (a) Assignee's rights subject to terms, claims, and defenses; exceptions....
§ 9-405. Modification of assigned contract. - (a) Effect of modification on assignee. — A modification of...
§ 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. - (a) Discharge of account debtor; effect of notification. — Subject...
§ 9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. - (a) Term restricting assignment generally ineffective. — Except as otherwise...
§ 9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. - (a) Term restricting assignment generally ineffective. — Except as otherwise...
§ 9-409. Restrictions on assignment of letter-of-credit rights ineffective. - (a) Term or law restricting assignment generally ineffective. — A...
Part 5. Filing
§ 9-501. Filing office. - (a) Filing offices. — Except as otherwise provided in subsection...
§ 9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. - (a) Sufficiency of financing statement. — Subject to subsection (b),...
§ 9-503. Name of debtor and secured party. - (a) Sufficiency of debtor's name. — A financing statement sufficiently...
§ 9-504. Indication of collateral. - A financing statement sufficiently indicates the collateral that it covers...
§ 9-504A. Indication of collateral that is accounts, chattel paper, instruments or general intangibles. - (a) A financing statement sufficiently indicates the collateral that it...
§ 9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. - (a) Use of terms other than “debtor” and “secured party.”...
§ 9-506. Effect of errors or omissions. - (a) Minor errors and omissions. — A financing statement substantially...
§ 9-507. Effect of certain events on effectiveness of financing statement. - (a) Disposition. — A filed financing statement remains effective with...
§ 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. - (a) Financing statement naming original debtor. — Except as otherwise...
§ 9-509. Persons entitled to file a record. - (a) Person entitled to file record. — A person may...
§ 9-510. Effectiveness of filed record. - (a) Filed record effective if authorized. — A filed record...
§ 9-511. Secured party of record. - (a) Secured party of record. — A secured party of...
§ 9-512. Amendment of financing statement. - (a) Amendment of information in financing statement. — Subject to...
§ 9-513. Termination statement. - (a) Consumer goods. — A secured party shall cause the...
§ 9-514. Assignment of powers of secured party of record. - (a) Assignment reflected on initial financing statement. — Except as...
§ 9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement. - (a) Five-year effectiveness. — Except as otherwise provided in subsections...
§ 9-516. What constitutes filing; effectiveness of filing. - (a) What constitutes filing. — Except as otherwise provided in...
§ 9-517. Effect of indexing errors. - The failure of the filing office to index a record...
§ 9-518. Claim concerning inaccurate or wrongfully filed record. - (a) Statement with respect to record indexed under person's name....
§ 9-519. Numbering, maintaining, and indexing records; communicating information provided in records. - (a) Filing office duties. — For each record filed in...
§ 9-520. Acceptance and refusal to accept record. - (a) Mandatory refusal to accept record. — A filing office...
§ 9-521. Uniform form of written financing statement and amendment. - (a) Initial financing statement form. — A filing office that...
§ 9-522. Maintenance and destruction of records. - (a) Post-lapse maintenance and retrieval of information. — The filing...
§ 9-523. Information from filing office; sale or license of records. - (a) Acknowledgment of filing written record. — If a person...
§ 9-524. Delay by filing office. - Delay by the filing office beyond a time limit prescribed...
§ 9-525. Fees. - (a) Initial financing statement or other record; general rule. —...
§ 9-526. Filing-office rules. - (a) Adoption of filing-office rules. — The Secretary of State...
Part 6. Default
§ 9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. - (a) Rights of secured party after default. — After default,...
§ 9-602. Waiver and variance of rights and duties. - Except as otherwise provided in Section 9-624, to the extent...
§ 9-603. Agreement on standards concerning rights and duties. - (a) Agreed standards. — The parties may determine by agreement...
§ 9-604. Procedure if security agreement covers real property or fixtures. - (a) Enforcement: (1) under this part as to the personal...
§ 9-605. Unknown debtor or secondary obligor. - A secured party does not owe a duty based on...
§ 9-606. Time of default for agricultural lien. - For purposes of this part, a default occurs in connection...
§ 9-607. Collection and enforcement by secured party. - (a) Collection and enforcement generally. — If so agreed, and...
§ 9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. - (a) Application of proceeds, surplus, and deficiency if obligation secured....
§ 9-609. Secured party's right to take possession after default. - (a) Possession; rendering equipment unusable; disposition on debtor's premises. —...
§ 9-610. Disposition of collateral after default. - (a) Disposition after default. — After default, a secured party...
§ 9-611. Notification before disposition of collateral. - (a) “Notification date.” — In this section, “notification date” means...
§ 9-612. Timeliness of notification before disposition of collateral. - (a) Reasonable time is question of fact. — Except as...
§ 9-613. Contents and form of notification before disposition of collateral: general. - Except in a consumer-goods transaction, the following rules apply: (1)...
§ 9-614. Contents and form of notification before disposition of collateral: consumer-goods transaction. - In a consumer-goods transaction, the following rules apply: (1) A...
§ 9-615. Application of proceeds of disposition; liability for deficiency and right to surplus. - (a) Application of proceeds. — A secured party shall apply...
§ 9-616. Explanation of calculation of surplus or deficiency. - (a) Definitions. — In this section: (1) “Explanation” means a...
§ 9-617. Rights of transferee of collateral. - (a) Effects of disposition. — A secured party's disposition of...
§ 9-618. Rights and duties of certain secondary obligors. - (a) Rights and duties of secondary obligor. — A secondary...
§ 9-619. Transfer of record or legal title. - (a) “Transfer statement.” — In this section, “transfer statement” means...
§ 9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. - (a) Conditions to acceptance in satisfaction. — Except as otherwise...
§ 9-621. Notification of proposal to accept collateral. - (a) Persons to which proposal to be sent. — A...
§ 9-622. Effect of acceptance of collateral. - (a) Effect of acceptance. — A secured party's acceptance of...
§ 9-623. Right to redeem collateral. - (a) Persons that may redeem. — A debtor, any secondary...
§ 9-624. Waiver. - (a) Waiver of disposition notification. — A debtor or secondary...
§ 9-625. Remedies for secured party's failure to comply with article. - (a) Judicial orders concerning noncompliance. — If it is established...
§ 9-626. Action in which deficiency or surplus is in issue. - (a) Applicable rules if amount of deficiency or surplus in...
§ 9-627. Determination of whether conduct was commercially reasonable. - (a) Greater amount obtainable under other circumstances; no preclusion of...
§ 9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor. - (a) Limitation of liability of secured party for noncompliance with...
Part 7. Transition
§ 9-701. Effective date. - This Act takes effect on July 1, 2001. References in...
§ 9-702. Savings clause. - (a) Pre-effective-date transactions or liens. — Except as otherwise provided...
§ 9-703. Security interest perfected before effective date. - (a) Continuing priority over lien creditor: (b) Continuing priority over...
§ 9-704. Security interest unperfected before effective date. - A security interest that is enforceable immediately before this Act...
§ 9-705. Effectiveness of action taken before effective date. - (a) Pre-effective-date action; one-year perfection period unless reperfected. — If...
§ 9-706. When initial financing statement suffices to continue effectiveness of financing statement. - (a) Initial financing statement in lieu of continuation statement. —...
§ 9-707. Amendment of pre-effective-date financing statement. - (a) Pre-effective-date financing statement. — In this section, “pre-effective-date financing...
§ 9-708. Persons entitled to file initial financing statement or continuation statement. - A person may file an initial financing statement or a...
§ 9-709. Priority. - (a) Law governing priority. — This Act determines the priority...
Part 8. Transition for 2010 Amendments
§ 9-801. Effective date. - This Act takes effect on July 1, 2013. References in...
§ 9-802. Savings clause. - (a) Pre-effective-date transactions or liens. — Except as otherwise provided...
§ 9-803. Security interest perfected before effective date. - (a) Continuing perfection: (b) Continuing perfection: (c) Special transition provision...
§ 9-804. Security interest unperfected before effective date. - A security interest that is an unperfected security interest immediately...
§ 9-805. Effectiveness of action taken before effective date. - (a) Pre-effective-date filing effective. — The filing of a financing...
§ 9-806. When initial financing statement suffices to continue effectiveness of financing statement. - (a) Initial financing statement in lieu of continuation statement. —...
§ 9-807. Amendment of pre-effective-date financing statement. - (a) Pre-effective-date financing statement. — In this section, “pre-effective-date financing...
§ 9-808. Person entitled to file initial financing statement or continuation statement. - A person may file an initial financing statement or a...
§ 9-809. Priority. - This Act determines the priority of conflicting claims to collateral....