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Section 554.1101 - Short titles. - 554.1101 Short titles. 1. This chapter may be cited as...
Section 554.1102 - Scope of Article. - 554.1102 Scope of Article. This Article applies to a transaction...
Section 554.1103 - Construction of this chapter to promote its purposes and policies — applicability of supplemental principles of law. - 554.1103 Construction of this chapter to promote its purposes and...
Section 554.1104 - Construction against implied repeal. - 554.1104 Construction against implied repeal. This chapter being a general...
Section 554.1105 - Severability. - 554.1105 Severability. If any provision or clause of this chapter...
Section 554.1106 - Use of singular and plural — gender. - 554.1106 Use of singular and plural — gender. In this...
Section 554.1107 - Section captions. - 554.1107 Section captions. Section captions are parts of this chapter....
Section 554.1108 - Relation to Electronic Signatures in Global and National Commerce Act. - 554.1108 Relation to Electronic Signatures in Global and National Commerce...
Section 554.1110 - Rules for filing and indexing. - 554.1110 Rules for filing and indexing. The secretary of state...
Section 554.1201 - General definitions. - 554.1201 General definitions. 1. Unless the context otherwise requires, words...
Section 554.1202 - Notice — knowledge. - 554.1202 Notice — knowledge. 1. Subject to subsection 6, a...
Section 554.1203 - Lease distinguished from security interest. - 554.1203 Lease distinguished from security interest. 1. Whether a transaction...
Section 554.1204 - Value. - 554.1204 Value. Except as otherwise provided in Articles 3, 4,...
Section 554.1205 - Reasonable time — seasonableness. - 554.1205 Reasonable time — seasonableness. 1. Whether a time for...
Section 554.1206 - Presumptions. - 554.1206 Presumptions. Whenever this chapter creates a “presumption” with respect...
Section 554.1301 - Territorial applicability — parties’ power to choose applicable law. - 554.1301 Territorial applicability — parties’ power to choose applicable law....
Section 554.1302 - Variation by agreement. - 554.1302 Variation by agreement. 1. Except as otherwise provided in...
Section 554.1303 - Course of performance, course of dealing, and usage of trade. - 554.1303 Course of performance, course of dealing, and usage of...
Section 554.1304 - Obligation of good faith. - 554.1304 Obligation of good faith. Every contract or duty within...
Section 554.1305 - Remedies to be liberally administered. - 554.1305 Remedies to be liberally administered. 1. The remedies provided...
Section 554.1306 - Waiver or renunciation of claim or right after breach. - 554.1306 Waiver or renunciation of claim or right after breach....
Section 554.1307 - Prima facie evidence by third-party documents. - 554.1307 Prima facie evidence by third-party documents. A document in...
Section 554.1308 - Performance or acceptance under reservation of rights. - 554.1308 Performance or acceptance under reservation of rights. 1. A...
Section 554.1309 - Option to accelerate at will. - 554.1309 Option to accelerate at will. A term providing that...
Section 554.1310 - Subordinated obligations. - 554.1310 Subordinated obligations. An obligation may be issued as subordinated...
Section 554.2101 - Short title. - 554.2101 Short title. This Article shall be known and may...
Section 554.2102 - Scope — certain security and other transactions excluded from this Article. - 554.2102 Scope — certain security and other transactions excluded from...
Section 554.2103 - Definitions and index of definitions. - 554.2103 Definitions and index of definitions. 1. In this Article...
Section 554.2104 - Definitions:“merchant” — “between merchants” — “financing agency”. - 554.2104 Definitions: “merchant” — “between merchants” — “financing agency”. 1....
Section 554.2105 - Definitions:transferability — “goods” — “future” goods — “lot” — “commercial unit”. - 554.2105 Definitions: transferability — “goods” — “future” goods — “lot”...
Section 554.2106 - Definitions:“contract” — “agreement” — “contract for sale” — “sale” — “present sale” — “conforming” to contract — “termination” — “cancellation”. - 554.2106 Definitions: “contract” — “agreement” — “contract for sale” —...
Section 554.2107 - Goods to be severed from realty:recording. - 554.2107 Goods to be severed from realty: recording. 1. A...
Section 554.2201 - Formal requirements — statute of frauds. - 554.2201 Formal requirements — statute of frauds. 1. Except as...
Section 554.2202 - Final written expression — parol or extrinsic evidence. - 554.2202 Final written expression — parol or extrinsic evidence. Terms...
Section 554.2203 - Seals inoperative. - 554.2203 Seals inoperative. The affixing of a seal to a...
Section 554.2204 - Formation in general. - 554.2204 Formation in general. 1. A contract for sale of...
Section 554.2205 - Firm offers. - 554.2205 Firm offers. An offer by a merchant to buy...
Section 554.2206 - Offer and acceptance in formation of contract. - 554.2206 Offer and acceptance in formation of contract. 1. Unless...
Section 554.2207 - Additional terms in acceptance or confirmation. - 554.2207 Additional terms in acceptance or confirmation. 1. A definite...
Section 554.2208 - Course of performance or practical construction. - 554.2208 Course of performance or practical construction. Repealed by 2007...
Section 554.2209 - Modification, rescission and waiver. - 554.2209 Modification, rescission and waiver. 1. An agreement modifying a...
Section 554.2210 - Delegation of performance — assignment of rights. - 554.2210 Delegation of performance — assignment of rights. 1. A...
Section 554.2301 - General obligations of parties. - 554.2301 General obligations of parties. The obligation of the seller...
Section 554.2302 - Unconscionable contract or clause. - 554.2302 Unconscionable contract or clause. 1. If the court as...
Section 554.2303 - Allocation or division of risks. - 554.2303 Allocation or division of risks. Where this Article allocates...
Section 554.2304 - Price payable in money, goods, realty, or otherwise. - 554.2304 Price payable in money, goods, realty, or otherwise. 1....
Section 554.2305 - Open price term. - 554.2305 Open price term. 1. The parties if they so...
Section 554.2306 - Output, requirements and exclusive dealings. - 554.2306 Output, requirements and exclusive dealings. 1. A term which...
Section 554.2307 - Delivery in single lot or several lots. - 554.2307 Delivery in single lot or several lots. Unless otherwise...
Section 554.2308 - Absence of specified place for delivery. - 554.2308 Absence of specified place for delivery. Unless otherwise agreed...
Section 554.2309 - Absence of specific time provisions — notice of termination. - 554.2309 Absence of specific time provisions — notice of termination....
Section 554.2310 - Open time for payment or running of credit — authority to ship under reservation. - 554.2310 Open time for payment or running of credit —...
Section 554.2311 - Options and cooperation respecting performance. - 554.2311 Options and cooperation respecting performance. 1. An agreement for...
Section 554.2312 - Warranty of title and against infringement — buyer’s obligation against infringement. - 554.2312 Warranty of title and against infringement — buyer’s obligation...
Section 554.2313 - Express warranties by affirmation, promise, description, sample. - 554.2313 Express warranties by affirmation, promise, description, sample. 1. Express...
Section 554.2314 - Implied warranty:merchantability — usage of trade. - 554.2314 Implied warranty: merchantability — usage of trade. 1. Unless...
Section 554.2315 - Implied warranty — fitness for particular purpose. - 554.2315 Implied warranty — fitness for particular purpose. Where the...
Section 554.2316 - Exclusion or modification of warranties. - 554.2316 Exclusion or modification of warranties. 1. Words or conduct...
Section 554.2317 - Cumulation and conflict of warranties express or implied. - 554.2317 Cumulation and conflict of warranties express or implied. Warranties...
Section 554.2318 - Third party beneficiaries of warranties express or implied. - 554.2318 Third party beneficiaries of warranties express or implied. A...
Section 554.2319 - F.O.B. and F.A.S. terms. - 554.2319 F.O.B. and F.A.S. terms. 1. Unless otherwise agreed the...
Section 554.2320 - C.I.F. and C. & F. terms. - 554.2320 C.I.F. and C. & F. terms. 1. The term...
Section 554.2321 - C.I.F. or C. & F. — “net landed weights” — “payment on arrival” — warranty of condition on arrival. - 554.2321 C.I.F. or C. & F. — “net landed weights”...
Section 554.2322 - Delivery “ex-ship”. - 554.2322 Delivery “ex-ship”. 1. Unless otherwise agreed a term for...
Section 554.2323 - Form of bill of lading required in overseas shipment — “overseas”. - 554.2323 Form of bill of lading required in overseas shipment...
Section 554.2324 - “No arrival, no sale” term. - 554.2324 “No arrival, no sale” term. Under a term “no...
Section 554.2325 - “Letter of credit” term — “confirmed credit”. - 554.2325 “Letter of credit” term — “confirmed credit”. 1. Failure...
Section 554.2326 - Sale on approval and sale or return — rights of creditors. - 554.2326 Sale on approval and sale or return — rights...
Section 554.2327 - Special incidents of sale on approval and sale or return. - 554.2327 Special incidents of sale on approval and sale or...
Section 554.2328 - Sale by auction. - 554.2328 Sale by auction. 1. In a sale by auction...
Section 554.2401 - Passing of title — reservation for security — limited application of this section. - 554.2401 Passing of title — reservation for security — limited...
Section 554.2402 - Rights of seller’s creditors against sold goods. - 554.2402 Rights of seller’s creditors against sold goods. 1. Except...
Section 554.2403 - Power to transfer — good faith purchase of goods — “entrusting”. - 554.2403 Power to transfer — good faith purchase of goods...
Section 554.2501 - Insurable interest in goods — manner of identification of goods. - 554.2501 Insurable interest in goods — manner of identification of...
Section 554.2502 - Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency. - 554.2502 Buyer’s right to goods on seller’s repudiation, failure to...
Section 554.2503 - Manner of seller’s tender of delivery. - 554.2503 Manner of seller’s tender of delivery. 1. Tender of...
Section 554.2504 - Shipment by seller. - 554.2504 Shipment by seller. 1. Where the seller is required...
Section 554.2505 - Seller’s shipment under reservation. - 554.2505 Seller’s shipment under reservation. 1. Where the seller has...
Section 554.2506 - Rights of financing agency. - 554.2506 Rights of financing agency. 1. A financing agency by...
Section 554.2507 - Effect of seller’s tender — delivery on condition. - 554.2507 Effect of seller’s tender — delivery on condition. 1....
Section 554.2508 - Cure by seller of improper tender or delivery — replacement. - 554.2508 Cure by seller of improper tender or delivery —...
Section 554.2509 - Risk of loss in the absence of breach. - 554.2509 Risk of loss in the absence of breach. 1....
Section 554.2510 - Effect of breach on risk of loss. - 554.2510 Effect of breach on risk of loss. 1. Where...
Section 554.2511 - Tender of payment by buyer — payment by check. - 554.2511 Tender of payment by buyer — payment by check....
Section 554.2512 - Payment by buyer before inspection. - 554.2512 Payment by buyer before inspection. 1. Where the contract...
Section 554.2513 - Buyer’s right to inspection of goods. - 554.2513 Buyer’s right to inspection of goods. 1. Unless otherwise...
Section 554.2514 - When documents deliverable on acceptance — when on payment. - 554.2514 When documents deliverable on acceptance — when on payment....
Section 554.2515 - Preserving evidence of goods in dispute. - 554.2515 Preserving evidence of goods in dispute. In furtherance of...
Section 554.2601 - Buyer’s rights on improper delivery. - 554.2601 Buyer’s rights on improper delivery. Subject to the provisions...
Section 554.2602 - Manner and effect of rightful rejection. - 554.2602 Manner and effect of rightful rejection. 1. Rejection of...
Section 554.2603 - Merchant buyer’s duties as to rightfully rejected goods. - 554.2603 Merchant buyer’s duties as to rightfully rejected goods. 1....
Section 554.2604 - Buyer’s options as to salvage of rightfully rejected goods. - 554.2604 Buyer’s options as to salvage of rightfully rejected goods....
Section 554.2605 - Waiver of buyer’s objections by failure to particularize. - 554.2605 Waiver of buyer’s objections by failure to particularize. 1....
Section 554.2606 - What constitutes acceptance of goods. - 554.2606 What constitutes acceptance of goods. 1. Acceptance of goods...
Section 554.2607 - Effect of acceptance — notice of breach — burden of establishing breach after acceptance — notice of claim or litigation to person answerable over. - 554.2607 Effect of acceptance — notice of breach — burden...
Section 554.2608 - Revocation of acceptance in whole or in part. - 554.2608 Revocation of acceptance in whole or in part. 1....
Section 554.2609 - Right to adequate assurance of performance. - 554.2609 Right to adequate assurance of performance. 1. A contract...
Section 554.2610 - Anticipatory repudiation. - 554.2610 Anticipatory repudiation. When either party repudiates the contract with...
Section 554.2611 - Retraction of anticipatory repudiation. - 554.2611 Retraction of anticipatory repudiation. 1. Until the repudiating party’s...
Section 554.2612 - “Installment contract” — breach. - 554.2612 “Installment contract” — breach. 1. An “installment contract” is...
Section 554.2613 - Casualty to identified goods. - 554.2613 Casualty to identified goods. Where the contract requires for...
Section 554.2614 - Substituted performance. - 554.2614 Substituted performance. 1. Where without fault of either party...
Section 554.2615 - Excuse by failure of presupposed conditions. - 554.2615 Excuse by failure of presupposed conditions. Except so far...
Section 554.2616 - Procedure on notice claiming excuse. - 554.2616 Procedure on notice claiming excuse. 1. Where the buyer...
Section 554.2701 - Remedies for breach of collateral contracts not impaired. - 554.2701 Remedies for breach of collateral contracts not impaired. Remedies...
Section 554.2702 - Seller’s remedies on discovery of buyer’s insolvency. - 554.2702 Seller’s remedies on discovery of buyer’s insolvency. 1. Where...
Section 554.2703 - Seller’s remedies in general. - 554.2703 Seller’s remedies in general. Where the buyer wrongfully rejects...
Section 554.2704 - Seller’s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods. - 554.2704 Seller’s right to identify goods to the contract notwithstanding...
Section 554.2705 - Seller’s stoppage of delivery in transit or otherwise. - 554.2705 Seller’s stoppage of delivery in transit or otherwise. 1....
Section 554.2706 - Seller’s resale including contract for resale. - 554.2706 Seller’s resale including contract for resale. 1. Under the...
Section 554.2707 - “Person in the position of a seller”. - 554.2707 “Person in the position of a seller”. 1. A...
Section 554.2708 - Seller’s damages for nonacceptance or repudiation. - 554.2708 Seller’s damages for nonacceptance or repudiation. 1. Subject to...
Section 554.2709 - Action for the price. - 554.2709 Action for the price. 1. When the buyer fails...
Section 554.2710 - Seller’s incidental damages. - 554.2710 Seller’s incidental damages. Incidental damages to an aggrieved seller...
Section 554.2711 - Buyer’s remedies in general — buyer’s security interest in rejected goods. - 554.2711 Buyer’s remedies in general — buyer’s security interest in...
Section 554.2712 - “Cover” — buyer’s procurement of substitute goods. - 554.2712 “Cover” — buyer’s procurement of substitute goods. 1. After...
Section 554.2713 - Buyer’s damages for nondelivery or repudiation. - 554.2713 Buyer’s damages for nondelivery or repudiation. 1. Subject to...
Section 554.2714 - Buyer’s damages for breach in regard to accepted goods. - 554.2714 Buyer’s damages for breach in regard to accepted goods....
Section 554.2715 - Buyer’s incidental and consequential damages. - 554.2715 Buyer’s incidental and consequential damages. 1. Incidental damages resulting...
Section 554.2716 - Buyer’s right to specific performance or replevin. - 554.2716 Buyer’s right to specific performance or replevin. 1. Specific...
Section 554.2717 - Deduction of damages from the price. - 554.2717 Deduction of damages from the price. The buyer on...
Section 554.2718 - Liquidation or limitation of damages — deposits. - 554.2718 Liquidation or limitation of damages — deposits. 1. Damages...
Section 554.2719 - Contractual modification or limitation of remedy. - 554.2719 Contractual modification or limitation of remedy. 1. Subject to...
Section 554.2720 - Effect of “cancellation” or “rescission” on claims for antecedent breach. - 554.2720 Effect of “cancellation” or “rescission” on claims for antecedent...
Section 554.2721 - Remedies for fraud. - 554.2721 Remedies for fraud. Remedies for material misrepresentation or fraud...
Section 554.2722 - Who can sue third parties for injury to goods. - 554.2722 Who can sue third parties for injury to goods....
Section 554.2723 - Proof of market price — time and place. - 554.2723 Proof of market price — time and place. 1....
Section 554.2724 - Admissibility of market quotations. - 554.2724 Admissibility of market quotations. If the prevailing price or...
Section 554.2725 - Statute of limitations in contracts for sale. - 554.2725 Statute of limitations in contracts for sale. 1. By...
Section 554.3101 - Short title. - 554.3101 Short title. This Article may be cited as Uniform...
Section 554.3102 - Subject matter. - 554.3102 Subject matter. 1. This Article applies to negotiable instruments....
Section 554.3103 - Definitions. - 554.3103 Definitions. 1. In this Article: a. “Acceptor” means a...
Section 554.3104 - Negotiable instrument. - 554.3104 Negotiable instrument. 1. Except as provided in subsections 3...
Section 554.3105 - Issue of instrument. - 554.3105 Issue of instrument. 1. “Issue” means the first delivery...
Section 554.3106 - Unconditional promise or order. - 554.3106 Unconditional promise or order. 1. Except as provided in...
Section 554.3107 - Instrument payable in foreign money. - 554.3107 Instrument payable in foreign money. Unless the instrument otherwise...
Section 554.3108 - Payable on demand or at definite time. - 554.3108 Payable on demand or at definite time. 1. A...
Section 554.3109 - Payable to bearer or to order. - 554.3109 Payable to bearer or to order. 1. A promise...
Section 554.3110 - Identification of person to whom instrument is payable. - 554.3110 Identification of person to whom instrument is payable. 1....
Section 554.3111 - Place of payment. - 554.3111 Place of payment. Except as otherwise provided for items...
Section 554.3112 - Interest. - 554.3112 Interest. 1. Unless otherwise provided in the instrument, an...
Section 554.3113 - Date of instrument. - 554.3113 Date of instrument. 1. An instrument may be antedated...
Section 554.3114 - Contradictory terms of instrument. - 554.3114 Contradictory terms of instrument. If an instrument contains contradictory...
Section 554.3115 - Incomplete instrument. - 554.3115 Incomplete instrument. 1. “Incomplete instrument” means a signed writing,...
Section 554.3116 - Joint and several liability — contribution. - 554.3116 Joint and several liability — contribution. 1. Except as...
Section 554.3117 - Other agreements affecting instrument. - 554.3117 Other agreements affecting instrument. Subject to applicable law regarding...
Section 554.3118 - Accrual of cause of action. - 554.3118 Accrual of cause of action. 1. A cause of...
Section 554.3119 - Notice of right to defend action. - 554.3119 Notice of right to defend action. In an action...
Section 554.3120 - Instruments “payable through” bank. - 554.3120 Instruments “payable through” bank. Repealed by 94 Acts, ch...
Section 554.3121 - Instruments payable at bank. - 554.3121 Instruments payable at bank. Repealed by 94 Acts, ch...
Section 554.3122 - Accrual of cause of action. - 554.3122 Accrual of cause of action. Repealed by 94 Acts,...
Section 554.3201 - Negotiation. - 554.3201 Negotiation. 1. “Negotiation” means a transfer of possession, whether...
Section 554.3202 - Negotiation subject to rescission. - 554.3202 Negotiation subject to rescission. 1. Negotiation is effective even...
Section 554.3203 - Transfer of instrument — rights acquired by transfer. - 554.3203 Transfer of instrument — rights acquired by transfer. 1....
Section 554.3204 - Endorsement. - 554.3204 Endorsement. 1. “Endorsement” means a signature, other than that...
Section 554.3205 - Special endorsement — blank endorsement — anomalous endorsement. - 554.3205 Special endorsement — blank endorsement — anomalous endorsement. 1....
Section 554.3206 - Restrictive endorsement. - 554.3206 Restrictive endorsement. 1. An endorsement limiting payment to a...
Section 554.3207 - Reacquisition. - 554.3207 Reacquisition. Reacquisition of an instrument occurs if it is...
Section 554.3208 - Reacquisition. - 554.3208 Reacquisition. Repealed by 94 Acts, ch 1167, §121, 122....
Section 554.3301 - Person entitled to enforce instrument. - 554.3301 Person entitled to enforce instrument. “Person entitled to enforce”...
Section 554.3302 - Holder in due course. - 554.3302 Holder in due course. 1. Subject to subsection 3...
Section 554.3303 - Value and consideration. - 554.3303 Value and consideration. 1. An instrument is issued or...
Section 554.3304 - Overdue instrument. - 554.3304 Overdue instrument. 1. An instrument payable on demand becomes...
Section 554.3305 - Defenses and claims in recoupment. - 554.3305 Defenses and claims in recoupment. 1. Except as stated...
Section 554.3306 - Claims to an instrument. - 554.3306 Claims to an instrument. A person taking an instrument,...
Section 554.3307 - Notice of breach of fiduciary duty. - 554.3307 Notice of breach of fiduciary duty. 1. In this...
Section 554.3308 - Proof of signatures and status as holder in due course. - 554.3308 Proof of signatures and status as holder in due...
Section 554.3309 - Enforcement of lost, destroyed, or stolen instrument. - 554.3309 Enforcement of lost, destroyed, or stolen instrument. 1. A...
Section 554.3310 - Effect of instrument on obligation for which taken. - 554.3310 Effect of instrument on obligation for which taken. 1....
Section 554.3311 - Accord and satisfaction by use of instrument. - 554.3311 Accord and satisfaction by use of instrument. 1. If...
Section 554.3312 - Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check. - 554.3312 Lost, destroyed, or stolen cashier’s check, teller’s check, or...
Section 554.3401 - Signature. - 554.3401 Signature. 1. A person is not liable on an...
Section 554.3402 - Signature by representative. - 554.3402 Signature by representative. 1. If a person acting, or...
Section 554.3403 - Unauthorized signature. - 554.3403 Unauthorized signature. 1. Unless otherwise provided in this Article...
Section 554.3404 - Impostors — fictitious payees. - 554.3404 Impostors — fictitious payees. 1. If an impostor, by...
Section 554.3405 - Employer’s responsibility for fraudulent endorsement by employee. - 554.3405 Employer’s responsibility for fraudulent endorsement by employee. 1. In...
Section 554.3406 - Negligence contributing to forged signature or alteration of instrument. - 554.3406 Negligence contributing to forged signature or alteration of instrument....
Section 554.3407 - Alteration. - 554.3407 Alteration. 1. “Alteration” means an unauthorized change in an...
Section 554.3408 - Drawee not liable on unaccepted draft. - 554.3408 Drawee not liable on unaccepted draft. A check or...
Section 554.3409 - Acceptance of draft — certified check. - 554.3409 Acceptance of draft — certified check. 1. “Acceptance” means...
Section 554.3410 - Acceptance varying draft. - 554.3410 Acceptance varying draft. 1. If the terms of a...
Section 554.3411 - Refusal to pay cashier’s checks, teller’s checks, and certified checks. - 554.3411 Refusal to pay cashier’s checks, teller’s checks, and certified...
Section 554.3412 - Obligation of issuer of note or cashier’s check. - 554.3412 Obligation of issuer of note or cashier’s check. The...
Section 554.3413 - Obligation of acceptor. - 554.3413 Obligation of acceptor. 1. The acceptor of a draft...
Section 554.3414 - Obligation of drawer. - 554.3414 Obligation of drawer. 1. This section does not apply...
Section 554.3415 - Obligation of endorser. - 554.3415 Obligation of endorser. 1. Subject to subsections 2, 3,...
Section 554.3416 - Transfer warranties. - 554.3416 Transfer warranties. 1. A person who transfers an instrument...
Section 554.3417 - Presentment warranties. - 554.3417 Presentment warranties. 1. If an unaccepted draft is presented...
Section 554.3418 - Payment or acceptance by mistake. - 554.3418 Payment or acceptance by mistake. 1. Except as provided...
Section 554.3419 - Instruments signed for accommodation. - 554.3419 Instruments signed for accommodation. 1. If an instrument is...
Section 554.3420 - Conversion of instrument. - 554.3420 Conversion of instrument. 1. The law applicable to conversion...
Section 554.3501 - Presentment. - 554.3501 Presentment. 1. “Presentment” means a demand made by or...
Section 554.3502 - Dishonor. - 554.3502 Dishonor. 1. Dishonor of a note is governed by...
Section 554.3503 - Notice of dishonor. - 554.3503 Notice of dishonor. 1. The obligation of an endorser...
Section 554.3504 - Excused presentment and notice of dishonor. - 554.3504 Excused presentment and notice of dishonor. 1. Presentment for...
Section 554.3505 - Evidence of dishonor. - 554.3505 Evidence of dishonor. 1. The following are admissible as...
Section 554.3506 - Time allowed for acceptance or payment. - 554.3506 Time allowed for acceptance or payment. Repealed by 94...
Section 554.3507 - Dishonor — holder’s right of recourse — term allowing re-presentment. - 554.3507 Dishonor — holder’s right of recourse — term allowing...
Section 554.3508 - Notice of dishonor. - 554.3508 Notice of dishonor. Repealed by 94 Acts, ch 1167,...
Section 554.3509 - Protest — noting for protest. - 554.3509 Protest — noting for protest. Repealed by 94 Acts,...
Section 554.3510 - Evidence of dishonor and notice of dishonor. - 554.3510 Evidence of dishonor and notice of dishonor. Repealed by...
Section 554.3511 - Waived or excused presentment, protest or notice of dishonor or delay therein. - 554.3511 Waived or excused presentment, protest or notice of dishonor...
Section 554.3512 - Holder’s recourse for dishonor. - 554.3512 Holder’s recourse for dishonor. 1. The holder of a...
Section 554.3513 - Civil remedy for dishonor. - 554.3513 Civil remedy for dishonor. 1. In a civil action...
Section 554.3601 - Discharge and effect of discharge. - 554.3601 Discharge and effect of discharge. 1. The obligation of...
Section 554.3602 - Payment. - 554.3602 Payment. 1. Subject to subsection 2, an instrument is...
Section 554.3603 - Tender of payment. - 554.3603 Tender of payment. 1. If tender of payment of...
Section 554.3604 - Discharge by cancellation or renunciation. - 554.3604 Discharge by cancellation or renunciation. 1. A person entitled...
Section 554.3605 - Discharge of endorsers and accommodation parties. - 554.3605 Discharge of endorsers and accommodation parties. 1. In this...
Section 554.3606 - 554.3606 Repealed by 94 Acts, ch 1167, §121, 122.
Section 554.3701 - 554.3701 Repealed by 94 Acts, ch 1167, §121, 122.
Section 554.3801 - 554.3801 Repealed by 94 Acts, ch 1167, §121, 122.
Section 554.3802 - Effect of instrument on obligation for which it is given. - 554.3802 Effect of instrument on obligation for which it is...
Section 554.3803 - Notice to third party. - 554.3803 Notice to third party. Repealed by 94 Acts, ch...
Section 554.3804 - Lost, destroyed or stolen instruments. - 554.3804 Lost, destroyed or stolen instruments. Repealed by 94 Acts,...
Section 554.3805 - Instruments not payable to order or to bearer. - 554.3805 Instruments not payable to order or to bearer. Repealed...
Section 554.3806 - Civil remedy for dishonor of a check, draft or order. - 554.3806 Civil remedy for dishonor of a check, draft or...
Section 554.4101 - Short title. - 554.4101 Short title. This Article may be cited as Uniform...
Section 554.4102 - Applicability. - 554.4102 Applicability. 1. To the extent that items within this...
Section 554.4103 - Variation by agreement — measure of damages — action constituting ordinary care. - 554.4103 Variation by agreement — measure of damages — action...
Section 554.4104 - Definitions and index of definitions. - 554.4104 Definitions and index of definitions. 1. In this Article,...
Section 554.4105 - “Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”. - 554.4105 “Bank” — “depositary bank” — “intermediary bank” — “collecting...
Section 554.4106 - Payable through or payable at bank — collecting bank. - 554.4106 Payable through or payable at bank — collecting bank....
Section 554.4107 - Separate office of a bank. - 554.4107 Separate office of a bank. A branch or separate...
Section 554.4108 - Time of receipt of items. - 554.4108 Time of receipt of items. 1. For the purpose...
Section 554.4109 - Delays. - 554.4109 Delays. 1. Unless otherwise instructed, a collecting bank in...
Section 554.4110 - Electronic presentment. - 554.4110 Electronic presentment. 1. “Agreement for electronic presentment” means an...
Section 554.4111 - Statute of limitations. - 554.4111 Statute of limitations. An action to enforce an obligation,...
Section 554.4201 - Status of collecting bank as agent and provisional status of credits — applicability of Article — item endorsed “pay any bank”. - 554.4201 Status of collecting bank as agent and provisional status...
Section 554.4202 - Responsibility for collection or return — when action timely. - 554.4202 Responsibility for collection or return — when action timely....
Section 554.4203 - Effect of instructions. - 554.4203 Effect of instructions. Subject to Article 3 concerning conversion...
Section 554.4204 - Methods of sending and presenting — sending directly to payor bank. - 554.4204 Methods of sending and presenting — sending directly to...
Section 554.4205 - Depositary bank holder of unendorsed item. - 554.4205 Depositary bank holder of unendorsed item. If a customer...
Section 554.4206 - Transfer between banks. - 554.4206 Transfer between banks. Any agreed method that identifies the...
Section 554.4207 - Transfer warranties. - 554.4207 Transfer warranties. 1. A customer or collecting bank that...
Section 554.4208 - Presentment warranties. - 554.4208 Presentment warranties. 1. If an unaccepted draft is presented...
Section 554.4209 - Encoding and retention warranties. - 554.4209 Encoding and retention warranties. 1. A person who encodes...
Section 554.4210 - Security interest of collecting bank in items, accompanying documents and proceeds. - 554.4210 Security interest of collecting bank in items, accompanying documents...
Section 554.4211 - When bank gives value for purposes of holder in due course. - 554.4211 When bank gives value for purposes of holder in...
Section 554.4212 - Presentment by notice of item not payable by, through, or at a bank; liability of drawer or endorser. - 554.4212 Presentment by notice of item not payable by, through,...
Section 554.4213 - Medium and time of settlement by bank. - 554.4213 Medium and time of settlement by bank. 1. With...
Section 554.4214 - Right of charge-back or refund — liability of collecting bank — return of item. - 554.4214 Right of charge-back or refund — liability of collecting...
Section 554.4215 - Final payment of item by payor bank — when provisional debits and credits become final — when certain credits become available for withdrawal. - 554.4215 Final payment of item by payor bank — when...
Section 554.4216 - Insolvency and preference. - 554.4216 Insolvency and preference. 1. If an item is in...
Section 554.4301 - Deferred posting — recovery of payment by return of items — time of dishonor — return of items by payor bank. - 554.4301 Deferred posting — recovery of payment by return of...
Section 554.4302 - Payor bank’s responsibility for late return of item. - 554.4302 Payor bank’s responsibility for late return of item. 1....
Section 554.4303 - When items subject to notice, stop-payment order, legal process, or setoff — order in which items may be charged or certified. - 554.4303 When items subject to notice, stop-payment order, legal process,...
Section 554.4401 - When bank may charge customer’s account. - 554.4401 When bank may charge customer’s account. 1. A bank...
Section 554.4402 - Bank’s liability to customer for wrongful dishonor — time of determining insufficiency of account. - 554.4402 Bank’s liability to customer for wrongful dishonor — time...
Section 554.4403 - Customer’s right to stop payment — burden of proof of loss. - 554.4403 Customer’s right to stop payment — burden of proof...
Section 554.4404 - Bank not obligated to pay check more than six months old. - 554.4404 Bank not obligated to pay check more than six...
Section 554.4405 - Death or incompetence of customer. - 554.4405 Death or incompetence of customer. 1. A payor or...
Section 554.4406 - Customer’s duty to discover and report unauthorized signature or alteration. - 554.4406 Customer’s duty to discover and report unauthorized signature or...
Section 554.4407 - Payor bank’s right to subrogation on improper payment. - 554.4407 Payor bank’s right to subrogation on improper payment. If...
Section 554.4501 - Handling of documentary drafts — duty to send for presentment and to notify customer of dishonor. - 554.4501 Handling of documentary drafts — duty to send for...
Section 554.4502 - Presentment of “on arrival” drafts. - 554.4502 Presentment of “on arrival” drafts. If a draft or...
Section 554.4503 - Responsibility of presenting bank for documents and goods — report of reasons for dishonor — referee in case of need. - 554.4503 Responsibility of presenting bank for documents and goods —...
Section 554.4504 - Privilege of presenting bank to deal with goods — security interest for expenses. - 554.4504 Privilege of presenting bank to deal with goods —...
Section 554.5101 - Short title. - 554.5101 Short title. This Article shall be known and may...
Section 554.5102 - Definitions. - 554.5102 Definitions. 1. In this Article unless the context otherwise...
Section 554.5103 - Scope. - 554.5103 Scope. 1. This Article applies to letters of credit...
Section 554.5104 - Formal requirements. - 554.5104 Formal requirements. A letter of credit, confirmation, advice, transfer,...
Section 554.5105 - Consideration. - 554.5105 Consideration. Consideration is not required to issue, amend, transfer,...
Section 554.5106 - Issuance, amendment, cancellation, and duration. - 554.5106 Issuance, amendment, cancellation, and duration. 1. A letter of...
Section 554.5107 - Confirmer, nominated person, and adviser. - 554.5107 Confirmer, nominated person, and adviser. 1. A confirmer is...
Section 554.5108 - Issuer’s rights and obligations. - 554.5108 Issuer’s rights and obligations. 1. Except as otherwise provided...
Section 554.5109 - Fraud and forgery. - 554.5109 Fraud and forgery. 1. If a presentation is made...
Section 554.5110 - Warranties. - 554.5110 Warranties. 1. If its presentation is honored, the beneficiary...
Section 554.5111 - Remedies. - 554.5111 Remedies. 1. If an issuer wrongfully dishonors or repudiates...
Section 554.5112 - Transfer of letter of credit. - 554.5112 Transfer of letter of credit. 1. Except as otherwise...
Section 554.5113 - Transfer by operation of law. - 554.5113 Transfer by operation of law. 1. A successor of...
Section 554.5114 - Assignment of proceeds. - 554.5114 Assignment of proceeds. 1. In this section, “proceeds of...
Section 554.5115 - Statute of limitations. - 554.5115 Statute of limitations. An action to enforce a right...
Section 554.5116 - Choice of law and forum. - 554.5116 Choice of law and forum. 1. The liability of...
Section 554.5117 - Subrogation of issuer, applicant, and nominated person. - 554.5117 Subrogation of issuer, applicant, and nominated person. 1. An...
Section 554.5118 - Security interest of issuer or nominated person. - 554.5118 Security interest of issuer or nominated person. 1. An...
Section 554.7101 - Short title. - 554.7101 Short title. This Article may be cited as Uniform...
Section 554.7102 - Definitions and index of definitions. - 554.7102 Definitions and index of definitions. 1. In this Article,...
Section 554.7103 - Relation of Article to treaty or statute. - 554.7103 Relation of Article to treaty or statute. 1. This...
Section 554.7104 - Negotiable and nonnegotiable document of title. - 554.7104 Negotiable and nonnegotiable document of title. 1. Except as...
Section 554.7105 - Reissuance in alternative medium. - 554.7105 Reissuance in alternative medium. 1. Upon request of a...
Section 554.7106 - Control of electronic document of title. - 554.7106 Control of electronic document of title. 1. A person...
Section 554.7201 - Person that may issue a warehouse receipt — storage under bond. - 554.7201 Person that may issue a warehouse receipt — storage...
Section 554.7202 - Form of warehouse receipt — effect of omission. - 554.7202 Form of warehouse receipt — effect of omission. 1....
Section 554.7203 - Liability for nonreceipt or misdescription. - 554.7203 Liability for nonreceipt or misdescription. A party to or...
Section 554.7204 - Duty of care — contractual limitation of warehouse’s liability. - 554.7204 Duty of care — contractual limitation of warehouse’s liability....
Section 554.7205 - Title under warehouse receipt defeated in certain cases. - 554.7205 Title under warehouse receipt defeated in certain cases. A...
Section 554.7206 - Termination of storage at warehouse’s option. - 554.7206 Termination of storage at warehouse’s option. 1. A warehouse,...
Section 554.7207 - Goods must be kept separate — fungible goods. - 554.7207 Goods must be kept separate — fungible goods. 1....
Section 554.7208 - Altered warehouse receipts. - 554.7208 Altered warehouse receipts. If a blank in a negotiable...
Section 554.7209 - Lien of warehouse. - 554.7209 Lien of warehouse. 1. A warehouse has a lien...
Section 554.7210 - Enforcement of warehouse’s lien. - 554.7210 Enforcement of warehouse’s lien. 1. Except as otherwise provided...
Section 554.7301 - Liability for nonreceipt or misdescription — “said to contain” — “shipper’s weight, load, and count” — improper handling. - 554.7301 Liability for nonreceipt or misdescription — “said to contain”...
Section 554.7302 - Through bills of lading and similar documents of title. - 554.7302 Through bills of lading and similar documents of title....
Section 554.7303 - Diversion — reconsignment — change of instructions. - 554.7303 Diversion — reconsignment — change of instructions. 1. Unless...
Section 554.7304 - Tangible bills of lading in a set. - 554.7304 Tangible bills of lading in a set. 1. Except...
Section 554.7305 - Destination bills. - 554.7305 Destination bills. 1. Instead of issuing a bill of...
Section 554.7306 - Altered bills of lading. - 554.7306 Altered bills of lading. An unauthorized alteration or filling...
Section 554.7307 - Lien of carrier. - 554.7307 Lien of carrier. 1. A carrier has a lien...
Section 554.7308 - Enforcement of carrier’s lien. - 554.7308 Enforcement of carrier’s lien. 1. A carrier’s lien on...
Section 554.7309 - Duty of care — contractual limitation of carrier’s liability. - 554.7309 Duty of care — contractual limitation of carrier’s liability....
Section 554.7401 - Irregularities in issue of receipt or bill or conduct of issuer. - 554.7401 Irregularities in issue of receipt or bill or conduct...
Section 554.7402 - Duplicate document of title — overissue. - 554.7402 Duplicate document of title — overissue. A duplicate or...
Section 554.7403 - Obligation of bailee to deliver — excuse. - 554.7403 Obligation of bailee to deliver — excuse. 1. A...
Section 554.7404 - No liability for good-faith delivery pursuant to document of title. - 554.7404 No liability for good-faith delivery pursuant to document of...
Section 554.7501 - Form of negotiation and requirements of due negotiation. - 554.7501 Form of negotiation and requirements of due negotiation. 1....
Section 554.7502 - Rights acquired by due negotiation. - 554.7502 Rights acquired by due negotiation. 1. Subject to sections...
Section 554.7503 - Document of title to goods defeated in certain cases. - 554.7503 Document of title to goods defeated in certain cases....
Section 554.7504 - Rights acquired in absence of due negotiation — effect of diversion — stoppage of delivery. - 554.7504 Rights acquired in absence of due negotiation — effect...
Section 554.7505 - Indorser not guarantor for other parties. - 554.7505 Indorser not guarantor for other parties. The indorsement of...
Section 554.7506 - Delivery without indorsement — right to compel indorsement. - 554.7506 Delivery without indorsement — right to compel indorsement. The...
Section 554.7507 - Warranties on negotiation or delivery of document of title. - 554.7507 Warranties on negotiation or delivery of document of title....
Section 554.7508 - Warranties of collecting bank as to documents of title. - 554.7508 Warranties of collecting bank as to documents of title....
Section 554.7509 - Adequate compliance with commercial contract. - 554.7509 Adequate compliance with commercial contract. Whether a document of...
Section 554.7601 - Lost, stolen, or destroyed documents of title. - 554.7601 Lost, stolen, or destroyed documents of title. 1. If...
Section 554.7601A - Lost, stolen, or destroyed documents — additional requirements. - 554.7601A Lost, stolen, or destroyed documents — additional requirements. 1....
Section 554.7602 - Judicial process against goods covered by negotiable document of title. - 554.7602 Judicial process against goods covered by negotiable document of...
Section 554.7603 - Conflicting claims — interpleader. - 554.7603 Conflicting claims — interpleader. If more than one person...
Section 554.8101 - Short title. - 554.8101 Short title. This Article shall be known and may...
Section 554.8102 - Definitions. - 554.8102 Definitions. 1. In this Article: a. “Adverse claim” means...
Section 554.8103 - Rules for determining whether certain obligations and interests are securities or financial assets. - 554.8103 Rules for determining whether certain obligations and interests are...
Section 554.8104 - Acquisition of security or financial asset or interest therein. - 554.8104 Acquisition of security or financial asset or interest therein....
Section 554.8105 - Notice of adverse claim. - 554.8105 Notice of adverse claim. 1. A person has notice...
Section 554.8106 - Control. - 554.8106 Control. 1. A purchaser has “control” of a certificated...
Section 554.8107 - Whether indorsement, instruction, or entitlement order is effective. - 554.8107 Whether indorsement, instruction, or entitlement order is effective. 1....
Section 554.8108 - Warranties in direct holding. - 554.8108 Warranties in direct holding. 1. A person who transfers...
Section 554.8109 - Warranties in indirect holding. - 554.8109 Warranties in indirect holding. 1. A person who originates...
Section 554.8110 - Applicability — choice of law. - 554.8110 Applicability — choice of law. 1. The local law...
Section 554.8111 - Clearing corporation rules. - 554.8111 Clearing corporation rules. A rule adopted by a clearing...
Section 554.8112 - Creditor’s legal process. - 554.8112 Creditor’s legal process. 1. The interest of a debtor...
Section 554.8113 - Statute of frauds inapplicable. - 554.8113 Statute of frauds inapplicable. A contract or modification of...
Section 554.8114 - Evidentiary rules concerning certificated securities. - 554.8114 Evidentiary rules concerning certificated securities. The following rules apply...
Section 554.8115 - Securities intermediary and others not liable to adverse claimant. - 554.8115 Securities intermediary and others not liable to adverse claimant....
Section 554.8116 - Securities intermediary as purchaser for value. - 554.8116 Securities intermediary as purchaser for value. A securities intermediary...
Section 554.8201 - Issuer. - 554.8201 Issuer. 1. With respect to an obligation on or...
Section 554.8202 - Issuer’s responsibility and defenses — notice of defect or defense. - 554.8202 Issuer’s responsibility and defenses — notice of defect or...
Section 554.8203 - Staleness as notice of defect or defense. - 554.8203 Staleness as notice of defect or defense. After an...
Section 554.8204 - Effect of issuer’s restriction on transfer. - 554.8204 Effect of issuer’s restriction on transfer. A restriction on...
Section 554.8205 - Effect of unauthorized signature on security certificate. - 554.8205 Effect of unauthorized signature on security certificate. An unauthorized...
Section 554.8206 - Completion or alteration of security certificate. - 554.8206 Completion or alteration of security certificate. 1. If a...
Section 554.8207 - Rights and duties of issuer with respect to registered owners. - 554.8207 Rights and duties of issuer with respect to registered...
Section 554.8208 - Effect of signature of authenticating trustee, registrar, or transfer agent. - 554.8208 Effect of signature of authenticating trustee, registrar, or transfer...
Section 554.8209 - Issuer’s lien. - 554.8209 Issuer’s lien. A lien in favor of an issuer...
Section 554.8210 - Overissue. - 554.8210 Overissue. 1. In this section, “overissue” means the issue...
Section 554.8301 - Delivery. - 554.8301 Delivery. 1. Delivery of a certificated security to a...
Section 554.8302 - Rights of purchaser. - 554.8302 Rights of purchaser. 1. Except as otherwise provided in...
Section 554.8303 - Protected purchaser. - 554.8303 Protected purchaser. 1. “Protected purchaser” means a purchaser of...
Section 554.8304 - Indorsement. - 554.8304 Indorsement. 1. An indorsement may be in blank or...
Section 554.8305 - Instruction. - 554.8305 Instruction. 1. If an instruction has been originated by...
Section 554.8306 - Effect of guaranteeing signature, indorsement, or instruction. - 554.8306 Effect of guaranteeing signature, indorsement, or instruction. 1. A...
Section 554.8307 - Purchaser’s right to requisites for registration of transfer. - 554.8307 Purchaser’s right to requisites for registration of transfer. Unless...
Section 554.8308 - 554.8308 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8309 - 554.8309 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8310 - 554.8310 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8311 - 554.8311 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8312 - 554.8312 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8313 - 554.8313 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8314 - 554.8314 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8315 - 554.8315 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8316 - 554.8316 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8317 - 554.8317 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8318 - 554.8318 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8319 - 554.8319 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8320 - 554.8320 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8321 - 554.8321 Repealed by 96 Acts, ch 1138, §81, 84.
Section 554.8401 - Duty of issuer to register transfer. - 554.8401 Duty of issuer to register transfer. 1. If a...
Section 554.8402 - Assurance that indorsement or instruction is effective. - 554.8402 Assurance that indorsement or instruction is effective. 1. An...
Section 554.8403 - Demand that issuer not register transfer. - 554.8403 Demand that issuer not register transfer. 1. A person...
Section 554.8404 - Wrongful registration. - 554.8404 Wrongful registration. 1. Except as otherwise provided in section...
Section 554.8405 - Replacement of lost, destroyed, or wrongfully taken security certificate. - 554.8405 Replacement of lost, destroyed, or wrongfully taken security certificate....
Section 554.8406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate. - 554.8406 Obligation to notify issuer of lost, destroyed, or wrongfully...
Section 554.8407 - Authenticating trustee, transfer agent, and registrar. - 554.8407 Authenticating trustee, transfer agent, and registrar. A person acting...
Section 554.8408 - Statements of uncertificated securities. - 554.8408 Statements of uncertificated securities. Repealed by 96 Acts, ch...
Section 554.8501 - Securities account — acquisition of security entitlement from securities intermediary. - 554.8501 Securities account — acquisition of security entitlement from securities...
Section 554.8502 - Assertion of adverse claim against entitlement holder. - 554.8502 Assertion of adverse claim against entitlement holder. An action...
Section 554.8503 - Property interest of entitlement holder in financial asset held by securities intermediary. - 554.8503 Property interest of entitlement holder in financial asset held...
Section 554.8504 - Duty of securities intermediary to maintain financial asset. - 554.8504 Duty of securities intermediary to maintain financial asset. 1....
Section 554.8505 - Duty of securities intermediary with respect to payments and distributions. - 554.8505 Duty of securities intermediary with respect to payments and...
Section 554.8506 - Duty of securities intermediary to exercise rights as directed by entitlement holder. - 554.8506 Duty of securities intermediary to exercise rights as directed...
Section 554.8507 - Duty of securities intermediary to comply with entitlement order. - 554.8507 Duty of securities intermediary to comply with entitlement order....
Section 554.8508 - Duty of securities intermediary to change entitlement holder’s position to other form of security holding. - 554.8508 Duty of securities intermediary to change entitlement holder’s position...
Section 554.8509 - 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. - 554.8509 Specification of duties of securities intermediary by other statute...
Section 554.8510 - Rights of purchaser of security entitlement from entitlement holder. - 554.8510 Rights of purchaser of security entitlement from entitlement holder....
Section 554.8511 - Priority among security interests and entitlement holders. - 554.8511 Priority among security interests and entitlement holders. 1. Except...
Section 554.9101 - Short title. - 554.9101 Short title. This Article may be cited as Uniform...
Section 554.9102 - Definitions and index of definitions. - 554.9102 Definitions and index of definitions. 1. Article 9 definitions....
Section 554.9103 - Purchase-money security interest — application of payments — burden of establishing. - 554.9103 Purchase-money security interest — application of payments — burden...
Section 554.9104 - Control of deposit account. - 554.9104 Control of deposit account. 1. Requirements for control. A...
Section 554.9105 - Control of electronic chattel paper. - 554.9105 Control of electronic chattel paper. 1. General rule: control...
Section 554.9106 - Control of investment property. - 554.9106 Control of investment property. 1. Control under section 554.8106....
Section 554.9107 - Control of letter-of-credit right. - 554.9107 Control of letter-of-credit right. A secured party has control...
Section 554.9108 - Sufficiency of description. - 554.9108 Sufficiency of description. 1. Sufficiency of description. Except as...
Section 554.9109 - Scope. - 554.9109 Scope. 1. General scope of Article. Except as otherwise...
Section 554.9110 - Security interests arising under Article 2 or 13. - 554.9110 Security interests arising under Article 2 or 13. A...
Section 554.9111 - Applicability of bulk transfer laws. - 554.9111 Applicability of bulk transfer laws. Repealed by 94 Acts,...
Section 554.9112 - 554.9112 Repealed by 2000 Acts, ch 1149, §185, 187 .
Section 554.9113 - 554.9113 Repealed by 2000 Acts, ch 1149, §185, 187 .
Section 554.9114 - 554.9114 Repealed by 2000 Acts, ch 1149, §185, 187 .
Section 554.9115 - 554.9115 Repealed by 2000 Acts, ch 1149, §185, 187 .
Section 554.9116 - 554.9116 Repealed by 2000 Acts, ch 1149, §185, 187 .
Section 554.9201 - General effectiveness of security agreement. - 554.9201 General effectiveness of security agreement. 1. General effectiveness. Except...
Section 554.9202 - Title to collateral immaterial. - 554.9202 Title to collateral immaterial. Except as otherwise provided with...
Section 554.9203 - Attachment and enforceability of security interest — proceeds — supporting obligations — formal requisites. - 554.9203 Attachment and enforceability of security interest — proceeds —...
Section 554.9204 - After-acquired property — future advances. - 554.9204 After-acquired property — future advances. 1. After-acquired collateral. Except...
Section 554.9205 - Use or disposition of collateral permissible. - 554.9205 Use or disposition of collateral permissible. 1. When security...
Section 554.9206 - Security interest arising in purchase or delivery of financial asset. - 554.9206 Security interest arising in purchase or delivery of financial...
Section 554.9207 - Rights and duties of secured party having possession or control of collateral. - 554.9207 Rights and duties of secured party having possession or...
Section 554.9208 - Additional duties of secured party having control of collateral. - 554.9208 Additional duties of secured party having control of collateral....
Section 554.9209 - Duties of secured party if account debtor has been notified of assignment. - 554.9209 Duties of secured party if account debtor has been...
Section 554.9210 - Request for accounting — request regarding list of collateral or statement of account. - 554.9210 Request for accounting — request regarding list of collateral...
Section 554.9301 - Law governing perfection and priority of security interests. - 554.9301 Law governing perfection and priority of security interests. Except...
Section 554.9302 - Law governing perfection and priority of agricultural liens. - 554.9302 Law governing perfection and priority of agricultural liens. While...
Section 554.9303 - Law governing perfection and priority of security interests in goods covered by a certificate of title. - 554.9303 Law governing perfection and priority of security interests in...
Section 554.9304 - Law governing perfection and priority of security interests in deposit accounts. - 554.9304 Law governing perfection and priority of security interests in...
Section 554.9305 - Law governing perfection and priority of security interests in investment property. - 554.9305 Law governing perfection and priority of security interests in...
Section 554.9306 - Law governing perfection and priority of security interests in letter-of-credit rights. - 554.9306 Law governing perfection and priority of security interests in...
Section 554.9307 - Location of debtor. - 554.9307 Location of debtor. 1. Place of business. In this...
Section 554.9308 - When security interest or agricultural lien is perfected — continuity of perfection. - 554.9308 When security interest or agricultural lien is perfected —...
Section 554.9309 - Security interest perfected upon attachment. - 554.9309 Security interest perfected upon attachment. The following security interests...
Section 554.9310 - When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply. - 554.9310 When filing required to perfect security interest or agricultural...
Section 554.9311 - Perfection of security interests in property subject to certain statutes, regulations, and treaties. - 554.9311 Perfection of security interests in property subject to certain...
Section 554.9312 - 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 perfecti... - 554.9312 Perfection of security interests in chattel paper, deposit accounts,...
Section 554.9313 - When possession by or delivery to secured party perfects security interest without filing. - 554.9313 When possession by or delivery to secured party perfects...
Section 554.9314 - Perfection by control. - 554.9314 Perfection by control. 1. Perfection by control. A security...
Section 554.9315 - Secured party’s rights on disposition of collateral and in proceeds. - 554.9315 Secured party’s rights on disposition of collateral and in...
Section 554.9316 - Effect of change in governing law. - 554.9316 Effect of change in governing law. 1. General rule...
Section 554.9317 - Interests that take priority over or take free of security interest or agricultural lien. - 554.9317 Interests that take priority over or take free of...
Section 554.9318 - 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. - 554.9318 No interest retained in right to payment that is...
Section 554.9319 - Rights and title of consignee with respect to creditors and purchasers. - 554.9319 Rights and title of consignee with respect to creditors...
Section 554.9320 - Buyer of goods. - 554.9320 Buyer of goods. 1. Buyer in ordinary course of...
Section 554.9321 - Licensee of general intangible and lessee of goods in ordinary course of business. - 554.9321 Licensee of general intangible and lessee of goods in...
Section 554.9322 - Priorities among conflicting security interests in and agricultural liens on same collateral. - 554.9322 Priorities among conflicting security interests in and agricultural liens...
Section 554.9323 - Future advances. - 554.9323 Future advances. 1. When priority based on time of...
Section 554.9324 - Priority of purchase-money security interests. - 554.9324 Priority of purchase-money security interests. 1. General rule —...
Section 554.9325 - Priority of security interests in transferred collateral. - 554.9325 Priority of security interests in transferred collateral. 1. Subordination...
Section 554.9326 - Priority of security interests created by new debtor. - 554.9326 Priority of security interests created by new debtor. 1....
Section 554.9327 - Priority of security interests in deposit account. - 554.9327 Priority of security interests in deposit account. The following...
Section 554.9328 - Priority of security interests in investment property. - 554.9328 Priority of security interests in investment property. The following...
Section 554.9329 - Priority of security interests in letter-of-credit right. - 554.9329 Priority of security interests in letter-of-credit right. The following...
Section 554.9330 - Priority of purchaser of chattel paper or instrument. - 554.9330 Priority of purchaser of chattel paper or instrument. 1....
Section 554.9331 - 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. - 554.9331 Priority of rights of purchasers of instruments, documents, and...
Section 554.9332 - Transfer of money — transfer of funds from deposit account. - 554.9332 Transfer of money — transfer of funds from deposit...
Section 554.9333 - Priority of certain liens arising by operation of law. - 554.9333 Priority of certain liens arising by operation of law....
Section 554.9334 - Priority of security interests in fixtures and crops. - 554.9334 Priority of security interests in fixtures and crops. 1....
Section 554.9335 - Accessions. - 554.9335 Accessions. 1. Creation of security interest in accession. A...
Section 554.9336 - Commingled goods. - 554.9336 Commingled goods. 1. Commingled goods. In this section, “commingled...
Section 554.9337 - Priority of security interests in goods covered by certificate of title. - 554.9337 Priority of security interests in goods covered by certificate...
Section 554.9338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. - 554.9338 Priority of security interest or agricultural lien perfected by...
Section 554.9339 - Priority subject to subordination. - 554.9339 Priority subject to subordination. This Article does not preclude...
Section 554.9340 - Effectiveness of right of recoupment or setoff against deposit account. - 554.9340 Effectiveness of right of recoupment or setoff against deposit...
Section 554.9341 - Bank’s rights and duties with respect to deposit account. - 554.9341 Bank’s rights and duties with respect to deposit account....
Section 554.9342 - Bank’s right to refuse to enter into or disclose existence of control agreement. - 554.9342 Bank’s right to refuse to enter into or disclose...
Section 554.9401 - Alienability of debtor’s rights. - 554.9401 Alienability of debtor’s rights. 1. Other law governs alienability...
Section 554.9402 - Secured party not obligated on contract of debtor or in tort. - 554.9402 Secured party not obligated on contract of debtor or...
Section 554.9403 - Agreement not to assert defenses against assignee. - 554.9403 Agreement not to assert defenses against assignee. 1. Value....
Section 554.9404 - Rights acquired by assignee — claims and defenses against assignee. - 554.9404 Rights acquired by assignee — claims and defenses against...
Section 554.9405 - Modification of assigned contract. - 554.9405 Modification of assigned contract. 1. Effect of modification on...
Section 554.9406 - 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. - 554.9406 Discharge of account debtor — notification of assignment —...
Section 554.9407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest. - 554.9407 Restrictions on creation or enforcement of security interest in...
Section 554.9408 - Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective. - 554.9408 Restrictions on assignment of promissory notes, health care insurance...
Section 554.9409 - Restrictions on assignment of letter-of-credit rights ineffective. - 554.9409 Restrictions on assignment of letter-of-credit rights ineffective. 1. Term...
Section 554.9501 - Filing office. - 554.9501 Filing office. 1. Filing offices. Except as otherwise provided...
Section 554.9502 - Contents of financing statement — record of mortgage as financing statement — time of filing financing statement. - 554.9502 Contents of financing statement — record of mortgage as...
Section 554.9503 - Name of debtor and secured party. - 554.9503 Name of debtor and secured party. 1. Sufficiency of...
Section 554.9504 - Indication of collateral. - 554.9504 Indication of collateral. A financing statement sufficiently indicates the...
Section 554.9505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. - 554.9505 Filing and compliance with other statutes and treaties for...
Section 554.9506 - Effect of errors or omissions. - 554.9506 Effect of errors or omissions. 1. Minor errors and...
Section 554.9507 - Effect of certain events on effectiveness of financing statement. - 554.9507 Effect of certain events on effectiveness of financing statement....
Section 554.9508 - Effectiveness of financing statement if new debtor becomes bound by security agreement. - 554.9508 Effectiveness of financing statement if new debtor becomes bound...
Section 554.9509 - Persons entitled to file a record. - 554.9509 Persons entitled to file a record. 1. Person entitled...
Section 554.9510 - Effectiveness of filed record. - 554.9510 Effectiveness of filed record. 1. Filed record effective if...
Section 554.9511 - Secured party of record. - 554.9511 Secured party of record. 1. Secured party of record....
Section 554.9512 - Amendment of financing statement. - 554.9512 Amendment of financing statement. 1. Amendment of information in...
Section 554.9513 - Termination statement. - 554.9513 Termination statement. 1. Consumer goods. A secured party shall...
Section 554.9513A - Termination of wrongfully filed financing statement — reinstatement. - 554.9513A Termination of wrongfully filed financing statement — reinstatement. 1....
Section 554.9514 - Assignment of powers of secured party of record. - 554.9514 Assignment of powers of secured party of record. 1....
Section 554.9515 - Duration and effectiveness of financing statement — effect of lapsed financing statement. - 554.9515 Duration and effectiveness of financing statement — effect of...
Section 554.9516 - What constitutes filing — effectiveness of filing. - 554.9516 What constitutes filing — effectiveness of filing. 1. What...
Section 554.9517 - Effect of indexing errors. - 554.9517 Effect of indexing errors. The failure of the filing...
Section 554.9518 - Claim concerning inaccurate or wrongfully filed record. - 554.9518 Claim concerning inaccurate or wrongfully filed record. 1. Statement...
Section 554.9519 - Numbering, maintaining, and indexing records — communicating information provided in records. - 554.9519 Numbering, maintaining, and indexing records — communicating information provided...
Section 554.9520 - Acceptance and refusal to accept record. - 554.9520 Acceptance and refusal to accept record. 1. Mandatory refusal...
Section 554.9521 - Uniform form of written financing statement and amendment. - 554.9521 Uniform form of written financing statement and amendment. 1....
Section 554.9522 - Maintenance and destruction of records. - 554.9522 Maintenance and destruction of records. 1. Post-lapse maintenance and...
Section 554.9523 - Information from filing office — sale or license of records. - 554.9523 Information from filing office — sale or license of...
Section 554.9524 - Delay by filing office. - 554.9524 Delay by filing office. Delay by the filing office...
Section 554.9525 - Fees. - 554.9525 Fees. 1. Initial financing statement or other record —...
Section 554.9526 - Filing-office rules. - 554.9526 Filing-office rules. 1. Adoption of filing-office rules. The office...
Section 554.9527 - Duty to report. - 554.9527 Duty to report. The office of secretary of state...
Section 554.9601 - Rights after default — judicial enforcement — consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. - 554.9601 Rights after default — judicial enforcement — consignor or...
Section 554.9602 - Waiver and variance of rights and duties. - 554.9602 Waiver and variance of rights and duties. Except as...
Section 554.9603 - Agreement on standards concerning rights and duties. - 554.9603 Agreement on standards concerning rights and duties. 1. Agreed...
Section 554.9604 - Procedure if security agreement covers real property or fixtures. - 554.9604 Procedure if security agreement covers real property or fixtures....
Section 554.9605 - Unknown debtor or secondary obligor. - 554.9605 Unknown debtor or secondary obligor. A secured party does...
Section 554.9606 - Time of default for agricultural lien. - 554.9606 Time of default for agricultural lien. For purposes of...
Section 554.9607 - Collection and enforcement by secured party. - 554.9607 Collection and enforcement by secured party. 1. Collection and...
Section 554.9608 - Application of proceeds of collection or enforcement — liability for deficiency and right to surplus. - 554.9608 Application of proceeds of collection or enforcement — liability...
Section 554.9609 - Secured party’s right to take possession after default. - 554.9609 Secured party’s right to take possession after default. 1....
Section 554.9610 - Disposition of collateral after default. - 554.9610 Disposition of collateral after default. 1. Disposition after default....
Section 554.9611 - Notification before disposition of collateral. - 554.9611 Notification before disposition of collateral. 1. Notification date. In...