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Part 1: GENERAL PROVISIONS
Subpart 1: SHORT TITLE, DEFINITIONS AND GENERAL CONCEPTS
11 §9-1101. Short title - §9-1101. Short title This Article may be cited as "Uniform...
11 §9-1102. Definitions and index of definitions - §9-1102. Definitions and index of definitions As used in this...
11 §9-1103. Purchase-money security interest; application of payments; burden of establishing - §9-1103. Purchase-money security interest; application of payments; burden of establishing...
11 §9-1103-A. Production-money crops; production-money obligation; production-money security interest; burden of establishing - §9-1103-A. Production-money crops; production-money obligation; production-money security interest; burden of...
11 §9-1104. Control of deposit account - §9-1104. Control of deposit account (1). A secured party has...
11 §9-1105. Control of electronic chattel paper - §9-1105. Control of electronic chattel paper A secured party has...
11 §9-1106. Control of investment property - §9-1106. Control of investment property (1). A person has control...
11 §9-1107. Control of letter-of-credit right - §9-1107. Control of letter-of-credit right A secured party has control...
11 §9-1108. Sufficiency of description - §9-1108. Sufficiency of description (1). Except as otherwise provided in...
Subpart 2: APPLICABILITY OF ARTICLE
11 §9-1109. Scope - §9-1109. Scope (1). Except as otherwise provided in subsections (3)...
11 §9-1110. Security interests arising under Article 2 or 2-A - §9-1110. Security interests arising under Article 2 or 2-A A...
Part 2: EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT
Subpart 1: EFFECTIVENESS AND ATTACHMENT
11 §9-1201. General effectiveness of security agreement - §9-1201. General effectiveness of security agreement (1). Except as otherwise...
11 §9-1202. Title to collateral immaterial - §9-1202. Title to collateral immaterial Except as otherwise provided with...
11 §9-1203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites - §9-1203. Attachment and enforceability of security interest; proceeds; supporting obligations;...
11 §9-1204. After-acquired property; future advances - §9-1204. After-acquired property; future advances (1). Except as otherwise provided...
11 §9-1205. Use or disposition of collateral permissible - §9-1205. Use or disposition of collateral permissible (1). A security...
11 §9-1206. Security interest arising in purchase or delivery of financial asset - §9-1206. Security interest arising in purchase or delivery of financial...
Subpart 2: RIGHTS AND DUTIES
11 §9-1207. Rights and duties of secured party having possession or control of collateral - §9-1207. Rights and duties of secured party having possession or...
11 §9-1208. Additional duties of secured party having control of collateral - §9-1208. Additional duties of secured party having control of collateral...
11 §9-1209. Duties of secured party if account debtor has been notified of assignment - §9-1209. Duties of secured party if account debtor has been...
11 §9-1210. Request for accounting; request regarding list of collateral or statement of account - §9-1210. Request for accounting; request regarding list of collateral or...
Part 3: PERFECTION AND PRIORITY
Subpart 1: LAW GOVERNING PERFECTION AND PRIORITY
11 §9-1301. Law governing perfection and priority of security interests - §9-1301. Law governing perfection and priority of security interests Except...
11 §9-1302. Law governing perfection and priority of agricultural liens - §9-1302. Law governing perfection and priority of agricultural liens While...
11 §9-1303. Law governing perfection and priority of security interests in goods covered by certificate of title - §9-1303. Law governing perfection and priority of security interests in...
11 §9-1304. Law governing perfection and priority of security interests in deposit accounts - §9-1304. Law governing perfection and priority of security interests in...
11 §9-1305. Law governing perfection and priority of security interests in investment property - §9-1305. Law governing perfection and priority of security interests in...
11 §9-1306. Law governing perfection and priority of security interests in letter-of-credit rights - §9-1306. Law governing perfection and priority of security interests in...
11 §9-1307. Location of debtor - §9-1307. Location of debtor (1). In this section, "place of...
Subpart 2: PERFECTION
11 §9-1308. When security interest or agricultural lien is perfected; continuity of perfection - §9-1308. When security interest or agricultural lien is perfected; continuity...
11 §9-1309. Security interest perfected upon attachment - §9-1309. Security interest perfected upon attachment The following security interests...
11 §9-1310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply - §9-1310. When filing required to perfect security interest or agricultural...
11 §9-1311. Perfection of security interests in property subject to certain statutes, regulations and treaties - §9-1311. Perfection of security interests in property subject to certain...
11 §9-1312. 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... - §9-1312. Perfection of security interests in chattel paper, deposit accounts,...
11 §9-1313. When possession by or delivery to secured party perfects security interest without filing - §9-1313. When possession by or delivery to secured party perfects...
11 §9-1314. Perfection by control - §9-1314. Perfection by control (1). A security interest in investment...
11 §9-1315. Secured party's rights on disposition of collateral and in proceeds - §9-1315. Secured party's rights on disposition of collateral and in...
11 §9-1316. Effect of change in governing law - §9-1316. Effect of change in governing law (1). A security...
Subpart 3: PRIORITY
11 §9-1317. Interests that take priority over or take free of security interest or agricultural lien - §9-1317. Interests that take priority over or take free of...
11 §9-1318. 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 - §9-1318. No interest retained in right to payment that is...
11 §9-1319. Rights and title of consignee with respect to creditors and purchasers - §9-1319. Rights and title of consignee with respect to creditors...
11 §9-1320. Buyer of goods - §9-1320. Buyer of goods (1). Except as otherwise provided in...
11 §9-1321. Licensee of general intangible and lessee of goods in ordinary course of business - §9-1321. Licensee of general intangible and lessee of goods in...
11 §9-1322. Priorities among conflicting security interests in and agricultural liens on same collateral - §9-1322. Priorities among conflicting security interests in and agricultural liens...
11 §9-1323. Future advances - §9-1323. Future advances (1). Except as otherwise provided in subsection...
11 §9-1324. Priority of purchase-money security interests - §9-1324. Priority of purchase-money security interests (1). Except as otherwise...
11 §9-1324-A. Priority of production-money security interests and agricultural liens - §9-1324-A. Priority of production-money security interests and agricultural liens (1)....
11 §9-1325. Priority of security interests in transferred collateral - §9-1325. Priority of security interests in transferred collateral (1). Except...
11 §9-1326. Priority of security interests created by new debtor - §9-1326. Priority of security interests created by new debtor (1)....
11 §9-1327. Priority of security interests in deposit account - §9-1327. Priority of security interests in deposit account The following...
11 §9-1328. Priority of security interests in investment property - §9-1328. Priority of security interests in investment property The following...
11 §9-1329. Priority of security interests in letter-of-credit right - §9-1329. Priority of security interests in letter-of-credit right The following...
11 §9-1330. Priority of purchaser of chattel paper or instrument - §9-1330. Priority of purchaser of chattel paper or instrument (1)....
11 §9-1331. 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 - §9-1331. Priority of rights of purchasers of instruments, documents and...
11 §9-1332. Transfer of money; transfer of funds from deposit account - §9-1332. Transfer of money; transfer of funds from deposit account...
11 §9-1333. Priority of certain liens arising by operation of law - §9-1333. Priority of certain liens arising by operation of law...
11 §9-1334. Priority of security interests in fixtures and crops - §9-1334. Priority of security interests in fixtures and crops (1)....
11 §9-1335. Accessions - §9-1335. Accessions (1). A security interest may be created in...
11 §9-1336. Commingled goods - §9-1336. Commingled goods (1). In this section, "commingled goods" means...
11 §9-1337. Priority of security interests in goods covered by certificate of title - §9-1337. Priority of security interests in goods covered by certificate...
11 §9-1338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information - §9-1338. Priority of security interest or agricultural lien perfected by...
11 §9-1339. Priority subject to subordination - §9-1339. Priority subject to subordination This Article does not preclude...
Subpart 4: RIGHTS OF BANK
11 §9-1340. Effectiveness of right of recoupment or setoff against deposit account - §9-1340. Effectiveness of right of recoupment or setoff against deposit...
11 §9-1341. Bank's rights and duties with respect to deposit account - §9-1341. Bank's rights and duties with respect to deposit account...
11 §9-1342. Bank's right to refuse to enter into or disclose existence of control agreement - §9-1342. Bank's right to refuse to enter into or disclose...
Part 4: RIGHTS OF 3RD PARTIES
11 §9-1401. Alienability of debtor's rights - §9-1401. Alienability of debtor's rights (1). Except as otherwise provided...
11 §9-1402. Secured party not obligated on contract of debtor or in tort - §9-1402. Secured party not obligated on contract of debtor or...
11 §9-1403. Agreement not to assert defenses against assignee - §9-1403. Agreement not to assert defenses against assignee (1). In...
11 §9-1404. Rights acquired by assignee; claims and defenses against assignee - §9-1404. Rights acquired by assignee; claims and defenses against assignee...
11 §9-1405. Modification of assigned contract - §9-1405. Modification of assigned contract (1). A modification of or...
11 §9-1406. 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 - §9-1406. Discharge of account debtor; notification of assignment; identification and...
11 §9-1407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest - §9-1407. Restrictions on creation or enforcement of security interest in...
11 §9-1408. Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective - §9-1408. Restrictions on assignment of promissory notes, health-care-insurance receivables and...
11 §9-1409. Restrictions on assignment of letter-of-credit rights ineffective - §9-1409. Restrictions on assignment of letter-of-credit rights ineffective (1). A...
Part 5: FILING
Subpart 1: FILING OFFICE; CONTENTS AND EFFECTIVENESS OF FINANCING STATEMENT
11 §9-1501. Filing office - §9-1501. Filing office (1). Except as otherwise provided in subsection...
11 §9-1502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement - §9-1502. Contents of financing statement; record of mortgage as financing...
11 §9-1503. Name of debtor and secured party - §9-1503. Name of debtor and secured party (1). A financing...
11 §9-1504. Indication of collateral - §9-1504. Indication of collateral A financing statement sufficiently indicates the...
11 §9-1505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions - §9-1505. Filing and compliance with other statutes and treaties for...
11 §9-1506. Effect of errors or omissions - §9-1506. Effect of errors or omissions (1). A financing statement...
11 §9-1507. Effect of certain events on effectiveness of financing statement - §9-1507. Effect of certain events on effectiveness of financing statement...
11 §9-1508. Effectiveness of financing statement if new debtor becomes bound by security agreement - §9-1508. Effectiveness of financing statement if new debtor becomes bound...
11 §9-1509. Persons entitled to file a record - §9-1509. Persons entitled to file a record (1). A person...
11 §9-1510. Effectiveness of filed record - §9-1510. Effectiveness of filed record (1). A filed record is...
11 §9-1511. Secured party of record - §9-1511. Secured party of record (1). A secured party of...
11 §9-1512. Amendment of financing statement - §9-1512. Amendment of financing statement (1). Subject to Section 9-1509,...
11 §9-1513. Termination statement - §9-1513. Termination statement (1). A secured party shall cause the...
11 §9-1514. Assignment of powers of secured party of record - §9-1514. Assignment of powers of secured party of record (1)....
11 §9-1515. Duration and effectiveness of financing statement; effect of lapsed financing statement - §9-1515. Duration and effectiveness of financing statement; effect of lapsed...
11 §9-1516. What constitutes filing; effectiveness of filing - §9-1516. What constitutes filing; effectiveness of filing (1). Except as...
11 §9-1517. Effect of indexing errors - §9-1517. Effect of indexing errors The failure of the filing...
11 §9-1518. Claim concerning inaccurate or wrongfully filed record - §9-1518. Claim concerning inaccurate or wrongfully filed record (1). A...
Subpart 2: DUTIES AND OPERATION OF FILING OFFICE
11 §9-1519. Numbering, maintaining and indexing records; communicating information provided in records - §9-1519. Numbering, maintaining and indexing records; communicating information provided in...
11 §9-1520. Acceptance and refusal to accept record - §9-1520. Acceptance and refusal to accept record (1). A filing...
11 §9-1521. Uniform form of written financing statement and amendment - §9-1521. Uniform form of written financing statement and amendment (1)....
11 §9-1522. Maintenance and destruction of records - §9-1522. Maintenance and destruction of records (1). The filing office...
11 §9-1523. Information from filing office; sale or license of records - §9-1523. Information from filing office; sale or license of records...
11 §9-1524. Delay by filing office - §9-1524. Delay by filing office Delay by the filing office...
11 §9-1525. Fees - §9-1525. Fees (1). Except as otherwise provided in subsections (2),...
11 §9-1526. Filing-office rules - §9-1526. Filing-office rules (1). The Secretary of State shall adopt...
Part 6: DEFAULT
Subpart 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
11 §9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes - §9-1601. Rights after default; judicial enforcement; consignor or buyer of...
11 §9-1602. Waiver and variance of rights and duties - §9-1602. Waiver and variance of rights and duties Except as...
11 §9-1603. Agreement on standards concerning rights and duties - §9-1603. Agreement on standards concerning rights and duties (1). The...
11 §9-1604. Procedure if security agreement covers real property or fixtures - §9-1604. Procedure if security agreement covers real property or fixtures...
11 §9-1605. Unknown debtor or secondary obligor - §9-1605. Unknown debtor or secondary obligor A secured party does...
11 §9-1606. Time of default for agricultural lien - §9-1606. Time of default for agricultural lien For purposes of...
11 §9-1607. Collection and enforcement by secured party - §9-1607. Collection and enforcement by secured party (1). If so...
11 §9-1608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus - §9-1608. Application of proceeds of collection or enforcement; liability for...
11 §9-1609. Secured party's right to take possession after default - §9-1609. Secured party's right to take possession after default (1)....
11 §9-1610. Disposition of collateral after default - §9-1610. Disposition of collateral after default (1). After default, a...
11 §9-1611. Notification before disposition of collateral - §9-1611. Notification before disposition of collateral (1). In this section,...
11 §9-1612. Timeliness of notification before disposition of collateral - §9-1612. Timeliness of notification before disposition of collateral (1). Except...
11 §9-1613. Contents and form of notification before disposition of collateral: general - §9-1613. Contents and form of notification before disposition of collateral:...
11 §9-1614. Contents and form of notification before disposition of collateral: consumer-goods transaction - §9-1614. Contents and form of notification before disposition of collateral:...
11 §9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus - §9-1615. Application of proceeds of disposition; liability for deficiency and...
11 §9-1616. Explanation of calculation of surplus or deficiency - §9-1616. Explanation of calculation of surplus or deficiency (1). In...
11 §9-1617. Rights of transferee of collateral - §9-1617. Rights of transferee of collateral (1). A secured party's...
11 §9-1618. Rights and duties of certain secondary obligors - §9-1618. Rights and duties of certain secondary obligors (1). A...
11 §9-1619. Transfer of record or legal title - §9-1619. Transfer of record or legal title (1). In this...
11 §9-1620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral - §9-1620. Acceptance of collateral in full or partial satisfaction of...
11 §9-1621. Notification of proposal to accept collateral - §9-1621. Notification of proposal to accept collateral (1). A secured...
11 §9-1622. Effect of acceptance of collateral - §9-1622. Effect of acceptance of collateral (1). A secured party's...
11 §9-1623. Right to redeem collateral - §9-1623. Right to redeem collateral (1). A debtor, any secondary...
11 §9-1624. Waiver - §9-1624. Waiver (1). A debtor or secondary obligor may waive...
Subpart 2: NONCOMPLIANCE WITH ARTICLE
11 §9-1625. Remedies for secured party's failure to comply with Article - §9-1625. Remedies for secured party's failure to comply with Article...
11 §9-1626. Action in which deficiency or surplus is in issue - §9-1626. Action in which deficiency or surplus is in issue...
11 §9-1627. Determination of whether conduct was commercially reasonable - §9-1627. Determination of whether conduct was commercially reasonable (1). The...
11 §9-1628. Nonliability and limitation on liability of secured party; liability of secondary obligor - §9-1628. Nonliability and limitation on liability of secured party; liability...
Part 7: TRANSITION
11 §9-1701. Effective date - §9-1701. Effective date This Article takes effect on July 1,...
11 §9-1702. Savings clause - §9-1702. Savings clause (1). Except as otherwise provided in this...
11 §9-1703. Security interest perfected before effective date - §9-1703. Security interest perfected before effective date (1). A security...
11 §9-1704. Security interest unperfected before effective date - §9-1704. Security interest unperfected before effective date A security interest...
11 §9-1705. Effectiveness of action taken before effective date - §9-1705. Effectiveness of action taken before effective date (1). If...
11 §9-1706. When initial financing statement suffices to continue effectiveness of financing statement - §9-1706. When initial financing statement suffices to continue effectiveness of...
11 §9-1707. Amendment of preeffective-date financing statement - §9-1707. Amendment of preeffective-date financing statement (1). In this section,...
11 §9-1708. Persons entitled to file initial financing statement or continuation statement - §9-1708. Persons entitled to file initial financing statement or continuation...
11 §9-1709. Priority - §9-1709. Priority (1). This Article determines the priority of conflicting...