Massachusetts General Laws
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code

Section 1-101 - Short Titles - Section 1–101. (a) This chapter may be cited as the...

Section 1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law - Section 1–301. (a) Except as provided hereafter in this section,...

Section 1-302 - Variation by Agreement - Section 1–302. (a) Except as otherwise provided in subsection (b)...

Section 1-304 - Obligation of Good Faith - Section 1–304. Every contract or duty within this chapter imposes...

Section 1-305 - Remedies to Be Liberally Administered - Section 1–305. (a) The remedies provided by this chapter must...

Section 1-308 - Performance or Acceptance Under Reservation of Rights - Section 1–308. (a) A party that, with explicit reservation of...

Section 1-307 - Prima Facie Evidence by Third–party Documents - Section 1–307. A document in due form purporting to be...

Section 1-309 - Option to Accelerate at Will - Section 1–309. A term providing that 1 party or that...

Section 1-310 - Subordinated Obligations - Section 1–310. An obligation may be issued as subordinated to...

Section 1-306 - Waiver or Renunciation of Claim or Right After Breach - Section 1–306. A claim or right arising out of an...

Section 1-206 - Presumptions - Section 1–206. Whenever this chapter creates a ''presumption'' with respect...

Section 1-303 - Course of Performance, Course of Dealing, and Usage of Trade - Section 1–303. (a) A ''course of performance'' is a sequence...

Section 1-204 - Value - Section 1–204. Except as otherwise provided in articles 3, 4...

Section 1-205 - Reasonable Time; Seasonableness - Section 1–205. (a) Whether a time for taking an action...

Section 1-103 - Construction of This Chapter to Promote Its Purposes and Policies; Applicability of Supplemental Principles of Law - Section 1–103. (a) This chapter shall be liberally construed and...

Section 1-107 - Section Captions and Subsection Headings - Section 1–107. Section captions are part of this chapter. The...

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

Section 1-102 - Scope of Article - Section 1–102. This article applies to a transaction to the...

Section 1-201 - General Definitions - Section 1–201. (a) Unless the context otherwise requires, words or...

Section 1-202 - Notice; Knowledge - Section 1–202. (a) Subject to subsection (f), a person has...

Section 1-203 - Lease Distinguished From Security Interest - Section 1–203. (a) Whether a transaction in the form of...

Article 2 - Sales

Section 2-715 - Buyer's Incidental and Consequential Damages - Section 2–715. (1) Incidental damages resulting from the seller's breach...

Section 2-723 - Proof of Market Price: Time and Place - Section 2–723. (1) If an action based on anticipatory repudiation...

Section 2-716 - Buyer's Right to Specific Performance or Replevin - Section 2–716. (1) Specific performance may be decreed where the...

Section 2-717 - Deduction of Damages From Price - Section 2–717. The buyer on notifying the seller of his...

Section 2-718 - Liquidation or Limitation of Damages; Deposits - Section 2–718. (1) Damages for breach by either party may...

Section 2-719 - Contractual Modification or Limitation of Remedy - Section 2–719. (1) Subject to the provisions of subsections (2)...

Section 2-720 - Effect of ''cancellation'' or ''rescission'' on Claims for Antecedent Breach - Section 2–720. Unless the contrary intention clearly appears, expressions of...

Section 2-721 - Remedies for Fraud - Section 2–721. Remedies for material misrepresentation or fraud include all...

Section 2-722 - Who Can Sue Third Parties for Injury to Goods - Section 2–722. Where a third party so deals with goods...

Section 2-724 - Admissibility of Market Quotations - Section 2–724. Whenever the prevailing price or value of any...

Section 2-512 - Payment by Buyer Before Inspection - Section 2–512. (1) Where the contract requires payment before inspection...

Section 2-515 - Preserving Evidence of Goods in Dispute - Section 2–515. In furtherance of the adjustment of any claim...

Section 2-514 - When Documents Deliverable on Acceptance; When on Payment - Section 2–514. Unless otherwise agreed documents against which a draft...

Section 2-513 - Buyer's Right to Inspection of Goods - Section 2–513. (1) Unless otherwise agreed and subject to subsection...

Section 2-714 - Buyer's Damages for Breach in Regard to Accepted Goods - Section 2–714. (1) Where the buyer has accepted goods and...

Section 2-603 - Merchant Buyer's Duties as to Rightfully Rejected Goods - Section 2–603. (1) Subject to any security interest in the...

Section 2-510 - Effect of Breach on Risk of Loss - Section 2–510. (1) Where a tender or delivery so fails...

Section 2-509 - Risk of Loss in the Absence of Breach - Section 2–509. (1) Where the contract requires or authorizes the...

Section 2-508 - Cure by Seller of Improper Tender or Delivery; Replacement - Section 2–508. (1) Where any tender or delivery by the...

Section 2-507 - Effect of Seller's Tender; Delivery on Condition - Section 2–507. (1) Tender of delivery is a condition to...

Section 2-506 - Rights of Financing Agency - Section 2–506. (1) A financing agency by paying or purchasing...

Section 2-505 - Seller's Shipment Under Reservation - Section 2–505. (1) Where the seller has identified goods to...

Section 2-725 - Statute of Limitations in Contracts for Sale - Section 2–725. (1) An action for breach of any contract...

Section 2-713 - Buyer's Damages for Non-Delivery or Repudiation - Section 2–713. (1) Subject to the provisions of this Article...

Section 2-707 - ''person in the Position of a Seller'' - Section 2–707. (1) A ''person in the position of a...

Section 2-711 - Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods - Section 2–711. (1) Where the seller fails to make delivery...

Section 2-504 - Shipment by Seller - Section 2–504. Where the seller is required or authorized to...

Section 2-604 - Buyer's Options as to Salvage of Rightfully Rejected Goods - Section 2–604. Subject to the provisions of the immediately preceding...

Section 2-605 - Waiver of Buyer's Objections by Failure to Particularize - Section 2–605. (1) The buyer's failure to state in connection...

Section 2-606 - What Constitutes Acceptance of Goods - Section 2–606. (1) Acceptance of goods occurs when the buyer...

Section 2-607 - Effect of Acceptance; Notice of Breach; Burden of Establishing Breach After Acceptance; Notice of Claim or Litigation to Person Answerable Over - Section 2–607. (1) The buyer must pay at the contract...

Section 2-608 - Revocation of Acceptance in Whole or in Part - Section 2–608. (1) The buyer may revoke his acceptance of...

Section 2-609 - Right to Adequate Assurance of Performance - Section 2–609. (1) A contract for sale imposes an obligation...

Section 2-610 - Anticipatory Repudiation - Section 2–610. When either party repudiates the contract with respect...

Section 2-611 - Retraction of Anticipatory Repudiation - Section 2–611. (1) Until the repudiating party's next performance is...

Section 2-612 - ''installment Contract''; Breach - Section 2–612. (1) An ''installment contract'' is one which requires...

Section 2-613 - Casualty to Identified Goods - Section 2–613. Where the contract requires for its performance goods...

Section 2-614 - Substituted Performance - Section 2–614. (1) Where without fault of either party the...

Section 2-615 - Excuse by Failure of Presupposed Conditions - Section 2–615. Except so far as a seller may have...

Section 2-616 - Procedure on Notice Claiming Excuse - Section 2–616. (1) Where the buyer receives notification of a...

Section 2-701 - Remedies for Breach of Collateral Contracts Not Impaired - Section 2–701. Remedies for breach of any obligation or promise...

Section 2-702 - Seller's Remedies on Discovery of Buyer's Insolvency - Section 2–702. (1) Where the seller discovers the buyer to...

Section 2-703 - Seller's Remedies in General - Section 2–703. Where the buyer wrongfully rejects or revokes acceptance...

Section 2-704 - Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods - Section 2–704. (1) An aggrieved seller under the preceding section...

Section 2-705 - Seller's Stoppage of Delivery in Transit or Otherwise - Section 2–705. (1) The seller may stop delivery of goods...

Section 2-706 - Seller's Resale Including Contract for Resale - Section 2–706. (1) Under the conditions stated in section 2–703...

Section 2-708 - Seller's Damages for Non-Acceptance or Repudiation - Section 2–708. (1) Subject to subsection (2) and to the...

Section 2-709 - Action for the Price - Section 2–709. (1) When the buyer fails to pay the...

Section 2-710 - Seller's Incidental Damages - Section 2–710. Incidental damages to an aggrieved seller include any...

Section 2-712 - ''cover''; Buyer's Procurement of Substitute Goods - Section 2–712. (1) After a breach within the preceding section...

Section 2-503 - Manner of Seller's Tender of Delivery - Section 2–503. (1) Tender of delivery requires that the seller...

Section 2-511 - Tender of Payment by Buyer; Payment by Check - Section 2–511. (1) Unless otherwise agreed tender of payment is...

Section 2-501 - Insurable Interest in Goods; Manner of Identification of Goods - Section 2–501. (1) The buyer obtains a special property and...

Section 2-304 - Price Payable in Money, Goods, Realty, or Otherwise - Section 2–304. (1) The price can be made payable in...

Section 2-305 - Open Price Term - Section 2–305. (1) The parties if they so intend can...

Section 2-306 - Output, Requirements and Exclusive Dealings - Section 2–306. (1) A term which measures the quantity by...

Section 2-307 - Delivery in Single Lot or Several Lots - Section 2–307. Unless otherwise agreed all goods called for by...

Section 2-308 - Absence of Specified Place for Delivery - Section 2–308. Unless otherwise agreed (a) the place for delivery...

Section 2-309 - Absence of Specific Time Provisions; Notice of Termination - Section 2–309. (1) The time for shipment or delivery or...

Section 2-310 - Open Time for Payment or Running of Credit; Authority to Ship Under Reservation - Section 2–310. Unless otherwise agreed (a) payment is due at...

Section 2-303 - Allocation or Division of Risks - Section 2–303. Where this Article allocates a risk or a...

Section 2-311 - Options and Co-Operation Respecting Performance - Section 2–311. (1) An agreement for sale which is otherwise...

Section 2-313 - Express Warranties by Affirmation, Promise, Description, Sample - Section 2–313. (1) Express warranties by the seller are created...

Section 2-314 - Implied Warranty: Merchantability; Usage of Trade - Section 2–314. (1) Unless excluded or modified by section 2–316,...

Section 2-315 - Implied Warranty; Fitness for Particular Purpose - Section 2–315. Where the seller at the time of contracting...

Section 2-316 - Exclusion or Modification of Warranties - Section 2–316. (1) Words or conduct relevant to the creation...

Section 2-316a - Limitation on Exclusion or Modification of Warranties - Section 2–316A. (1) The provisions of section 2–316 shall not...

Section 2-317 - Cumulation and Conflict of Warranties Express or Implied - Section 2–317. Warranties whether express or implied shall be construed...

Section 2-318 - Lack of Privity in Actions Against a Manufacturer, Seller, Lessor or Supplier of Goods - Section 2–318. Lack of privity between plaintiff and defendant shall...

Section 2-312 - Warranty of Title and Against Infringement; Buyer's Obligation Against Infringement - Section 2–312. (1) Subject to subsection (2) there is in...

Section 2-302 - Unconscionable Contract or Clause - Section 2–302. (1) If the court as a matter of...

Section 2-301 - General Obligations of Parties - Section 2–301. The obligation of the seller is to transfer...

Section 2-210 - Delegation of Performance; Assignment of Rights - Section 2–210. (1) A party may perform his duty through...

Section 2-602 - Manner and Effect of Rightful Rejection - Section 2–602. (1) Rejection of goods must be within a...

Section 2-101 - Short Title - Section 2–101. This Article shall be known and may be...

Section 2-102 - Scope; Certain Security and Other Transactions Excluded From This Article - Section 2–102. Unless the context otherwise requires, this Article applies...

Section 2-103 - Definitions and Index of Definitions - Section 2–103. (1) In this Article unless the context otherwise...

Section 2-104 - Definitions: ''merchant''; ''between Merchants''; ''financing Agency'' - Section 2–104. (1) ''Merchant'' means a person who deals in...

Section 2-105 - Definitions; Transferability; ''goods''; ''future'' Goods; ''lot''; ''commercial Unit'' - Section 2–105. (1) ''Goods'' means all things (including specially manufactured...

Section 2-106 - Definitions: ''contract''; ''agreement''; ''contract for Sale''; ''sale''; ''present Sale''; ''conforming'' to Contract; ''termination''; ''cancellation'' - Section 2–106. (1) In this Article unless the context otherwise...

Section 2-107 - Goods to Be Severed From Realty; Recording - Section 2–107. (1) A contract for the sale of minerals...

Section 2-201 - Formal Requirements: Statute of Frauds - Section 2–201. (1) Except as otherwise provided in this section...

Section 2-202 - Final Written Expression: Parol or Extrinsic Evidence - Section 2–202. Terms with respect to which the confirmatory memoranda...

Section 2-203 - Seals Inoperative - Section 2–203. The affixing of a seal to a writing...

Section 2-204 - Formation in General - Section 2–204. (1) A contract for sale of goods may...

Section 2-205 - Firm Offers - Section 2–205. An offer by a merchant to buy or...

Section 2-206 - Offer and Acceptance in Formation of Contract - Section 2–206. (1) Unless otherwise unambiguously indicated by the language...

Section 2-207 - Additional Terms in Acceptance or Confirmation - Section 2–207. (1) A definite and seasonable expression of acceptance...

Section 2-209 - Modification, Rescission and Waiver - Section 2–209. (1) An agreement modifying a contract within this...

Section 2-319 - f.o.b. and f.a.s. Terms - Section 2–319. (1) Unless otherwise agreed the term F.O.B (which...

Section 2-502 - Buyer's Right to Goods on Seller's Repudiation, Failure to Deliver, or Insolvency - Section 2–502. (1) Subject to subsections (2) and (3) and...

Section 2-601 - Buyer's Rights on Improper Delivery - Section 2–601. Subject to the provisions of this Article on...

Section 2-323 - Form of Bill of Lading Required in Overseas Shipment; ''overseas'' - Section 2–323. (1) Where the contract contemplates overseas shipment and...

Section 2-403 - Power to Transfer; Good Faith Purchase of Goods; ''entrusting'' - Section 2–403. (1) A purchaser of goods acquires all title...

Section 2-402 - Rights of Seller's Creditors Against Sold Goods - Section 2–402. (1) Except as provided in subsections (2) and...

Section 2-401 - Passing of Title; Reservation for Security; Limited Application of This Section - Section 2–401. Each provision of this Article with regard to...

Section 2-328 - Sale by Auction - Section 2–328. (1) In a sale by auction if goods...

Section 2-327 - Special Incidents of Sale on Approval and Sale or Return - Section 2–327. (1) Under a sale on approval unless otherwise...

Section 2-326 - Sale on Approval and Sale or Return; Rights of Creditors - Section 2–326. (1) Unless otherwise agreed, if delivered goods may...

Section 2-325 - ''letter of Credit'' Term; ''confirmed Credit'' - Section 2–325. (1) Failure of the buyer seasonably to furnish...

Section 2-324 - ''no Arrival, No Sale'' Term - Section 2–324. Under a term ''no arrival, no sale'' or...

Section 2-322 - Delivery ''ex–ship'' - Section 2–322. (1) Unless otherwise agreed a term for delivery...

Section 2-321 - c.i.f. or C. & f.: ''net Landed Weights''; ''payment on Arrival''; Warranty of Condition on Arrival - Section 2–321. Under a contract containing a term C.I.F. or...

Section 2-320 - c.i.f. and C. & F. Terms - Section 2–320. (1) The term C.I.F. means that the price...

Article 2a - Leases

Section 2a-511 - Merchant Lessee's Duties as to Rightfully Rejected Goods - Section 2A–511. (1) Subject to any security interest of a...

Section 2a-512 - Lessee's Duties as to Rightfully Rejected Goods - Section 2A–512. (1) Except as otherwise provided with respect to...

Section 2a-504 - Liquidation of Damages - Section 2A–504. (1) Damages payable by either party for default,...

Section 2a-514 - Waiver of Lessee's Objections - Section 2A–514. (1) In rejecting goods, a lessee's failure to...

Section 2a-510 - Installment Lease Contracts: Rejection and Default - Section 2A–510. (1) Under an installment lease contract a lessee...

Section 2a-513 - Cure by Lessor of Improper Tender or Delivery; Replacement - Section 2A–513. (1) If any tender or delivery by the...

Section 2a-509 - Lessee's Rights on Improper Delivery; Rightful Rejection - Section 2A–509. (1) Subject to the provisions of Section 2A–510...

Section 2a-105 - Territorial Application of Article to Goods Covered by Certificate of Title - Section 2A–105. Subject to the provisions of Sections 2A–304(3) and...

Section 2a-507 - Proof of Market Rent: Time and Place - Section 2A–507. (1) Damages based on market rent (Section 2A–519...

Section 2a-101 - Short Title - Section 2A–101. This Article shall be known and may be...

Section 2a-102 - Scope - Section 2A–102. This Article applies to any transaction, regardless of...

Section 2a-103 - Definitions and Index of Definitions - Section 2A–103. (1) In this Article unless the context otherwise...

Section 2a-104 - Leases Subject to Other Law - Section 2A–104. (1) A lease, although subject to this Article,...

Section 2a-515 - Acceptance of Goods - Section 2A–515. (1) Acceptance of goods occurs after the lessee...

Section 2a-508 - Lessee's Remedies - Section 2A–508. (1) If a lessor fails to deliver the...

Section 2a-516 - Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over - Section 2A–516. (1) A lessee must pay rent for any...

Section 2a-523 - Lessor's Remedies - Section 2A–523. (1) If a lessee wrongfully rejects or revokes...

Section 2a-518 - Cover; Substitute Goods - Section 2A–518. (1) After a default by a lessor under...

Section 2a-532 - Lessor's Rights to Residual Interest - Section 2A–532. In addition to any other recovery permitted by...

Section 2a-531 - Standing to Sue Third Parties for Injury to Goods - Section 2A–531. (1) If a third party so deals with...

Section 2a-530 - Lessor's Incidental Damages - Section 2A–530. Incidental damages to an aggrieved lessor include any...

Section 2a-529 - Lessor's Action for the Rent - Section 2A–529. (1) After default by the lessee under the...

Section 2a-528 - Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default - Section 2A–528. (1) Except as otherwise provided with respect to...

Section 2a-527 - Lessor's Rights to Dispose of Goods - Section 2A–527. (1) After a default by a lessee under...

Section 2a-517 - Revocation of Acceptance of Goods - Section 2A–517. (1) A lessee may revoke acceptance of a...

Section 2a-526 - Lessor's Stoppage of Delivery in Transit or Otherwise - Section 2A–526. (1) A lessor may stop delivery of goods...

Section 2a-524 - Lessor's Right to Identify Goods to Lease Contract - Section 2A–524. (1) After default by the lessee under the...

Section 2a-106 - Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum - Section 2A–106. (1) If the law chosen by the parties...

Section 2a-522 - Lessee's Right to Goods on Lessor's Insolvency - Section 2A–522. (1) Subject to subsection (2) and even though...

Section 2a-521 - Lessee's Right to Specific Performance or Replevin - Section 2A–521. (1) Specific performance may be decreed if the...

Section 2a-520 - Lessee's Incidental and Consequential Damages - Section 2A–520. (1) Incidental damages resulting from a lessor's default...

Section 2a-519 - Lessee's Damages for Non–delivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods - Section 2A–519. (1) Except as otherwise provided with respect to...

Section 2a-525 - Lessor's Right to Possession of Goods - Section 2A–525. (1) If a lessor discovers the lessee to...

Section 2a-505 - Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies - Section 2A–505. (1) On cancellation of the lease contract, all...

Section 2a-107 - Waiver or Renunciation of Claim or Right After Default - Section 2A–107. Any claim or right arising out of an...

Section 2a-109 - Option to Accelerate at Will - Section 2A–109. (1) A term providing that one party or...

Section 2a-303 - Alienability of Party's Interest Under Lease Contract or of Lessor's Residual Interest in Goods; Delegation of Performance; Transfer of Rights - Section 2A–303. (1) As used in this section, ''creation of...

Section 2a-304 - Subsequent Lease of Goods by Lessor - Section 2A–304. (1) Subject to Section 2A–303, a subsequent lessee...

Section 2a-305 - Sale or Sublease of Goods by Lessee - Section 2A–305. (1) Subject to the provisions of Section 2A–303,...

Section 2a-306 - Priority of Certain Liens Arising by Operation of Law - Section 2A–306. If a person in the ordinary course of...

Section 2a-307 - Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods - Section 2A–307. (1) Except as otherwise provided in Section 2A–306,...

Section 2a-308 - Special Rights of Creditors - Section 2A–308. (1) A creditor of a lessor in possession...

Section 2a-309 - Lessor's and Lessee's Rights When Goods Become Fixtures - Section 2A–309. (1) In this section: (a) goods are ''fixtures''...

Section 2a-310 - Lessor's and Lessee's Rights When Goods Become Accessions. - Section 2A–310. (1) Goods are ''accessions'' when they are installed...

Section 2a-311 - Priority Subject to Subordination - Section 2A–311. Nothing in this Article prevents subordination by agreement...

Section 2a-401 - Insecurity: Adequate Assurance of Performance - Section 2A–401. (1) A lease contract imposes an obligation on...

Section 2a-402 - Anticipatory Repudiation - Section 2A–402. If either party repudiates a lease contract with...

Section 2a-403 - Retraction of Anticipatory Repudiation - Section 2A–403. (1) Until the repudiating party's next performance is...

Section 2a-404 - Substituted Performance - Section 2A–404. (1) If without fault of the lessee, the...

Section 2a-405 - Excused Performance - Section 2A–405. Subject to Section 2A–404 on substituted performance, the...

Section 2a-406 - Procedure on Excused Performance - Section 2A–406. (1) If the lessee receives notification of a...

Section 2a-407 - Irrevocable Promises: Finance Leases - Section 2A–407. (1) In the case of a finance lease...

Section 2a-501 - Default: Procedure - Section 2A–501. (1) Whether the lessor or the lessee is...

Section 2a-502 - Notice After Default - Section 2A–502. Except as otherwise provided in this Article or...

Section 2a-503 - Modification or Impairment of Rights and Remedies - Section 2A–503. (1) Except as otherwise provided in this Article,...

Section 2a-302 - Title to and Possession of Goods - Section 2A–302. Except as otherwise provided in this Article, each...

Section 2a-108 - Unconscionability - Section 2A–108. (1) If the court as a matter of...

Section 2a-301 - Enforceability of Lease Contract - Section 2A–301. Except as otherwise provided in this Article, a...

Section 2a-220 - Effect of Default on Risk of Loss - Section 2A–220. (1) Where risk of loss is to pass...

Section 2a-201 - Statute of Frauds - Section 2A–201. (1) A lease contract is not enforceable by...

Section 2a-202 - Final Written Expression: Parol or Extrinsic Evidence - Section 2A–202. Terms with respect to which the confirmatory memoranda...

Section 2a-203 - Seals Inoperative - Section 2A–203. The affixing of a seal to a writing...

Section 2a-204 - Formation in General - Section 2A–204. (1) A lease contract may be made in...

Section 2a-205 - Firm Offers - Section 2A–205. An offer by a merchant to lease goods...

Section 2a-206 - Offer and Acceptance in Formation of Lease Contract - Section 2A–206. (1) Unless otherwise unambiguously indicated by the language...

Section 2a-208 - Modification, Rescission and Waiver - Section 2A–208. (1) An agreement modifying a lease contract needs...

Section 2a-209 - Lessee Under Finance Lease as Beneficiary of Supply Contract - Section 2A–209. (1) The benefit of a supplier's promises to...

Section 2a-221 - Casualty to Identified Goods - Section 2A–221. If a lease contract requires goods identified when...

Section 2a-210 - Express Warranties - Section 2A–210. (1) Express warranties by the lessor are created...

Section 2a-212 - Implied Warranty of Merchantability - Section 2A–212. (1) Except in a finance lease, a warranty...

Section 2a-213 - Implied Warranty of Fitness for Particular Purpose - Section 2A–213. Except in a finance lease, if the lessor...

Section 2a-214 - Exclusion or Modification of Warranties - Section 2A–214. (1) Words or conduct relevant to the creation...

Section 2a-214a - Limitation on Exclusion or Modification of Warranties - Section 2A–214A. (1) The provisions of section 2A–214 shall not...

Section 2a-215 - Cumulation and Conflict of Warranties Express or Implied - Section 2A–215. Warranties, whether express or implied, must be construed...

Section 2a-216 - Lack of Privity in Actions Against a Manufacturer, Supplier or Lessor of Goods - Section 2A–216. Lack of privity between plaintiff and defendant shall...

Section 2a-506 - Statute of Limitations - Section 2A–506. (1) An action for default under a lease...

Section 2a-218 - Insurance and Proceeds - Section 2A–218. (1) A lessee obtains an insurable interest when...

Section 2a-219 - Risk of Loss - Section 2A–219. (1) Except in the case of a finance...

Section 2a-211 - Warranties Against Interference and Against Infringement; Lessee's Obligation Against Infringement - Section 2A–211. (1) There is in a lease contract a...

Section 2a-217 - Identification - Section 2A–217. Identification of goods as goods to which a...

Article 3 - Negotiable Instruments

Section 3-111 - Place of Payment - Section 3–111. Except as otherwise provided for items in Article...

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

Section 3-102 - Subject Matter - Section 3–102. (a) This Article shall apply to negotiable instruments....

Section 3-312 - Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check - Section 3–312. (a) In this section: (1) ''Check'' means a...

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

Section 3-402 - Signature by Representative - Section 3–402. (a) If a person acting, or purporting to...

Section 3-403 - Unauthorized Signature - Section 3–403. (a) Unless otherwise provided in this Article or...

Section 3-404 - Impostors; Fictitious Payees - Section 3–404. (a) If an impostor, by use of the...

Section 3-405 - Employer's Responsibility for Fraudulent Indorsement by Employee - Section 3–405. (a) In this section: (1) ''Employee'' includes an...

Section 3-406 - Negligence Contributing to Forged Signature or Alteration of Instrument - Section 3–406. (a) A person whose failure to exercise ordinary...

Section 3-407 - Alteration - Section 3–407. (a) ''Alteration'' means (i) an unauthorized change in...

Section 3-408 - Drawee Not Liable on Unaccepted Draft - Section 3–408. A check or other draft does not of...

Section 3-409 - Acceptance of Draft; Certified Check - Section 3–409. (a) ''Acceptance'' means the drawee's signed agreement to...

Section 3-410 - Acceptance Varying Draft - Section 3–410. (a) If the terms of a drawee's acceptance...

Section 3-411 - Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks - Section 3–411. (a) In this section, ''obligated bank'' means the...

Section 3-412 - Obligation of Issuer of Note or Cashier's Check - Section 3–412. The issuer of a note or cashier's check...

Section 3-413 - Obligation of Acceptor - Section 3–413. (a) The acceptor of a draft is obliged...

Section 3-311 - Accord and Satisfaction by Use of Instrument - Section 3–311. (a) If a person against whom a claim...

Section 3-414 - Obligation of Drawer - Section 3–414. (a) This section does not apply to cashier's...

Section 3-416 - Transfer Warranties - Section 3–416. (a) A person who transfers an instrument for...

Section 3-418 - Payment or Acceptance by Mistake - Section 3–418. (a) Except as provided in subsection (c), if...

Section 3-419 - Instruments Signed for Accommodation - Section 3–419. (a) If an instrument is issued for value...

Section 3-420 - Conversion of Instrument - Section 3–420. (a) The law applicable to conversion of personal...

Section 3-501 - Presentment - Section 3–501. (a) ''Presentment'' means a demand made by or...

Section 3-502 - Dishonor - Section 3–502. (a) Dishonor of a note is governed by...

Section 3-503 - Notice of Dishonor - Section 3–503. (a) The obligation of an indorser stated in...

Section 3-504 - Excused Presentment and Notice of Dishonor - Section 3–504. (a) Presentment for payment or acceptance of an...

Section 3-505 - Evidence of Dishonor - Section 3–505. (a) The following are admissible as evidence and...

Section 3-601 - Discharge and Effect of Discharge - Section 3–601. (a) The obligation of a party to pay...

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

Section 3-603 - Tender of Payment - Section 3–603. (a) If tender of payment of an obligation...

Section 3-604 - Discharge by Cancellation or Renunciation - Section 3–604. (a) A person entitled to enforce an instrument,...

Section 3-605 - Discharge of Indorsers and Accommodation Parties - Section 3–605. (a) In this section, the term ''indorser'' includes...

Section 3-415 - Obligation of Indorser - Section 3–415. (a) Subject to subsections (b), (c), (d), and...

Section 3-310 - Effect of Instrument on Obligation for Which Taken - Section 3–310. (a) Unless otherwise agreed, if a certified check,...

Section 3-417 - Presentment Warranties - Section 3–417. (a) If an unaccepted draft is presented to...

Section 3-308 - Proof of Signatures and Status as Holder in Due Course - Section 3–308. (a) In an action with respect to an...

Section 3-309 - Enforcement of Lost, Destroyed, or Stolen Instrument - Section 3–309. (a) A person not in possession of an...

Section 3-103 - Definitions - Section 3–103. (a) In this Article: (1) ''Acceptor'' means a...

Section 3-104 - Negotiable Instrument - Section 3–104. (a) Except as provided in subsections (c) and...

Section 3-105 - Issue of Instrument - Section 3–105. (a) ''Issue'' means the first delivery of an...

Section 3-106 - Unconditional Promise or Order - Section 3–106. (a) Except as provided in this section, for...

Section 3-107 - Instrument Payable in Foreign Money - Section 3–107. Unless the instrument otherwise provides, an instrument that...

Section 3-108 - Payable on Demand or at Definite Time - Section 3–108. (a) A promise or order is ''payable on...

Section 3-110 - Identification of Person to Whom Instrument Is Payable - Section 3–110. (a) The person to whom an instrument is...

Section 3-101 - Short Title - Section 3–101. This Article may be cited as Uniform Commercial...

Section 3-113 - Date of Instrument - Section 3–113. (a) An instrument may be antedated or postdated....

Section 3-114 - Contradictory Terms of Instrument - Section 3–114. If an instrument contains contradictory terms, typewritten terms...

Section 3-115 - Incomplete Instrument - Section 3–115. (a) ''Incomplete instrument'' means a signed writing, whether...

Section 3-116 - Joint and Several Liability; Contribution - Section 3–116. (a) Except as otherwise provided in the instrument,...

Section 3-117 - Other Agreements Affecting Instrument - Section 3–117. Subject to applicable law regarding exclusion of proof...

Section 3-118 - Statute of Limitations - Section 3–118. (a) Except as provided in subsection (e), an...

Section 3-109 - Payable to Bearer or to Order - Section 3–109. (a) A promise or order is payable to...

Section 3-201 - Negotiation - Section 3–201. (a) ''Negotiation'' means a transfer of possession, whether...

Section 3-307 - Notice of Breach of Fiduciary Duty - Section 3–307. (a) In this section: (1) ''Fiduciary'' means an...

Section 3-119 - Notice of Right to Defend Action - Section 3–119. In an action for breach of an obligation...

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

Section 3-305 - Defenses and Claims in Recoupment - Section 3–305. (a) Except as stated in subsection (b), the...

Section 3-304 - Overdue Instrument - Section 3–304. (a) An instrument payable on demand becomes overdue...

Section 3-302 - Holder in Due Course - Section 3–302. (a) Subject to subsection (c) of this section...

Section 3-301 - Person Entitled to Enforce Instrument - Section 3–301. ''Person entitled to enforce'' an instrument means (i)...

Section 3-303 - Value and Consideration - Section 3–303. (a) An instrument is issued or transferred for...

Section 3-207 - Reacquisition - Section 3–207. Reacquisition of an instrument occurs if it is...

Section 3-206 - Restrictive Indorsement - Section 3–206. (a) An indorsement limiting payment to a particular...

Section 3-205 - Special Indorsement; Blank Indorsement; Anomalous Indorsement - Section 3–205. (a) If an indorsement is made by the...

Section 3-204 - Indorsement - Section 3–204. (a) ''Indorsement'' means a signature, other than that...

Section 3-203 - Transfer of Instrument; Rights Acquired by Transfer - Section 3–203. (a) An instrument is transferred when it is...

Section 3-202 - Negotiation Subject to Rescission - Section 3–202. (a) Negotiation is effective even if obtained (i)...

Article 4 - Bank Deposits and Collections

Section 4-301 - Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank - Section 4–301. (a) If a payor bank settles for a...

Section 4-213 - Medium and Time of Settlement by Bank - Section 4–213. (a) With respect to settlement by a bank,...

Section 4-214 - Right of Charge–back or Refund; Liability of Collecting Bank; Return of Item - Section 4–214. (a) If a collecting bank has made provisional...

Section 4-211 - When Bank Gives Value for Purposes of Holder in Due Course - Section 4–211. For purposes of determining its status as a...

Section 4-215 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal - Section 4–215. (a) An item is finally paid by a...

Section 4-216 - Insolvency and Preference - Section 4–216. (a) If an item is in or comes...

Section 4-212 - Presentment by Notice of Item Not Payable By, Through, or at Bank; Liability of Drawer or Indorser - Section 4–212. (a) Unless otherwise instructed, a collecting bank may...

Section 4-302 - Payor Bank's Responsibility for Late Return of Item - Section 4–302. (a) If an item is presented to and...

Section 4-407 - Payor Bank's Right to Subrogation on Improper Payment - Section 4–407. If a payor bank has paid an item...

Section 4-401 - When Bank May Charge Customer's Account - Section 4–401. (a) A bank may charge against the account...

Section 4-402 - Bank's Liability to Customer for Wrongful Dishonor; Time of Determining Insufficiency of Account - Section 4–402. (a) Except as otherwise provided in this Article,...

Section 4-404 - Bank Not Obliged to Pay Check More Than Six Months Old - Section 4–404. A bank is under no obligation to a...

Section 4-405 - Death or Incompetence of Customer - Section 4–405. (a) A payor or collecting bank's authority to...

Section 4-406 - Customer's Duty to Discover and Report Unauthorized Signature or Alteration - Section 4–406. (a) A bank that sends or makes available...

Section 4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor - Section 4–501. A bank that takes a documentary draft for...

Section 4-210 - Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds - Section 4–210. (a) A collecting bank has a security interest...

Section 4-502 - Presentment of ''on Arrival'' Drafts - Section 4–502. If a draft or the relevant instructions require...

Section 4-303 - When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified - Section 4–303. (a) Any knowledge, notice, or stop-payment order received...

Section 4-209 - Encoding and Retention Warranties - Section 4–209. (a) A person who encodes information on or...

Section 4-104 - Definitions and Index of Definitions - Section 4–104. (a) In this Article, unless the context otherwise...

Section 4-207 - Transfer Warranties - Section 4–207. (a) A customer or collecting bank that transfers...

Section 4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need - Section 4–503. Unless otherwise instructed and except as provided in...

Section 4-101 - Short Title - Section 4–101. This Article may be cited as Uniform Commercial...

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

Section 4-103 - Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care - Section 4–103. (a) The effect of the provisions of this...

Section 4-105 - Bank; Depositary Bank; Payor Bank; Intermediary Bank; Collecting Bank; Presenting Bank - Section 4–105. In this Article the following words shall have...

Section 4-106 - Payable Through or Payable at Bank; Collecting Bank - Section 4–106. (a) If an item states that it is...

Section 4-107 - Separate Office of Bank - Section 4–107. A branch or separate office of a bank...

Section 4-108 - Time of Receipt of Items - Section 4–108. (a) For the purpose of allowing time to...

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

Section 4-110 - Electronic Presentment - Section 4–110. (a) ''Agreement for electronic presentment'' means an agreement,...

Section 4-111 - Statute of Limitations - Section 4–111. An action to enforce an obligation, duty, or...

Section 4-201 - Status of Collecting Bank as Agent and Provisional Status of Credits; Applicability of Article; Item Indorsed Pay Any Bank - Section 4–201. (a) Unless a contrary intent clearly appears and...

Section 4-202 - Responsibility for Collection or Return; When Action Timely - Section 4–202. (a) A collecting bank must exercise ordinary care...

Section 4-203 - Effect of Instructions - Section 4–203. Subject to Article 3 concerning conversion of instruments...

Section 4-204 - Methods of Sending and Presenting; Sending Direct to Payor Bank - Section 4–204. (a) A collecting bank shall send items by...

Section 4-205 - Depositary Bank Holder of Unindorsed Item - Section 4–205. If a customer delivers an item to a...

Section 4-206 - Transfer Between Banks - Section 4–206. Any agreed method that identifies the transferor bank...

Section 4-208 - Presentment Warranties - Section 4–208. (a) If an unaccepted draft is presented to...

Section 4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses - Section 4–504. (a) A presenting bank that, following the dishonor...

Section 4-403 - Customer's Right to Stop Payment; Burden of Proof of Loss - Section 4–403. (a) A customer or any person authorized to...

Article 4a - Funds Transfers

Section 4a-103 - Payment Order — Definitions - Section 4A–103. (a) In this Article, unless the context otherwise...

Section 4a-304 - Duty of Sender to Report Erroneously Executed Payment Order - Section 4A–304. If the sender of a payment order that...

Section 4a-305 - Liability for Late or Improper Execution or Failure to Execute Payment Order - Section 4A–305. (a) If a funds transfer is completed but...

Section 4a-401 - Payment Date - Section 4A–401. ''Payment date'' of a payment order means the...

Section 4a-402 - Obligation of Sender to Pay Receiving Bank - Section 4A–402. (a) This section is subject to the provisions...

Section 4a-403 - Payment by Sender to Receiving Bank - Section 4A–403. (a) Payment of the sender's obligation under section...

Section 4a-404 - Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary - Section 4A–404. (a) Subject to subsection (e) of section 4A–211...

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

Section 4a-303 - Erroneous Execution of Payment Order - Section 4A–303. (a) A receiving bank that (i) executes the...

Section 4a-406 - Payment by Originator to Beneficiary; Discharge of Underlying Obligation - Section 4A–406. (a) Subject to subsection (e) of section 4A–211,...

Section 4a-502 - Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank - Section 4A–502. (a) As used in this section, ''creditor process''...

Section 4a-503 - Injunction or Restraining Order With Respect to Funds Transfer - Section 4A–503. For proper cause and in compliance with applicable...

Section 4a-504 - Order in Which Items and Payment Orders May Be Charged to Account; Order or Withdrawals From Account - Section 4A–504. (a) If a receiving bank has received more...

Section 4a-505 - Preclusion of Objection to Debit of Customer's Account - Section 4A–505. If a receiving bank has received payment from...

Section 4a-506 - Rate of Interest - Section 4A–506. (a) If, under this Article, a receiving bank...

Section 4a-507 - Choice of Law - Section 4A–507. (a) The following rules shall apply unless the...

Section 4a-102 - Subject Matter - Section 4A–102. Except as otherwise provided in section 4A–108, this...

Section 4a-501 - Variation by Agreement and Effect of Funds Transfer System Rule - Section 4A–501. (a) Except as otherwise provided in this Article,...

Section 4a-302 - Obligations of Receiving Bank in Execution of Payment Order - Section 4A–302. (a) Except as provided in subsections (b) to...

Section 4a-104 - Funds Transfer — Definitions - Section 4A–104. In this Article, unless the context otherwise requires,...

Section 4a-212 - Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order - Section 4A–212. If a receiving bank fails to accept a...

Section 4a-301 - Execution and Execution Date - Section 4A–301. (a) A payment order is ''executed'' by the...

Section 4a-105 - Other Definitions - Section 4A–105. (a) In this Article, unless the context otherwise...

Section 4a-106 - Time Payment Order Is Received - Section 4A–106. (a) The time of receipt of a payment...

Section 4a-107 - Federal Reserve Regulations and Operating Circulars - Section 4A–107. Regulations of the board of governors of the...

Section 4a-101 - Short Title - Section 4A–101. This Article shall be known and may be...

Section 4a-201 - Security Procedure - Section 4A–201. ''Security procedure'' means a procedure established by agreement...

Section 4a-202 - Authorized and Verified Payment Orders - Section 4A–202. (a) A payment order received by the receiving...

Section 4a-203 - Unenforceability of Certain Verified Payment Orders - Section 4A–203. (a) If an accepted payment order is not,...

Section 4a-108 - Relationship to Electronic Fund Transfer Act - Section 4A–108. (a) Except as provided in subsection (b), this...

Section 4a-205 - Erroneous Payment Orders - Section 4A–205. (a) If an accepted payment order was transmitted...

Section 4a-206 - Transmission of Payment Order Through Funds Transfer or Other Communication System - Section 4A–206. (a) If a payment order addressed to a...

Section 4a-207 - Misdescription of Beneficiary - Section 4A–207. (a) Subject to the provisions of subsection (b),...

Section 4a-208 - Misdescription of Intermediary Bank or Beneficiary's Bank - Section 4A–208. (a) This subsection shall apply to a payment...

Section 4a-209 - Acceptance of Payment Order - Section 4A–209. (a) Subject to subsection (d), a receiving bank...

Section 4a-210 - Rejection of Payment Order - Section 4A–210. (a) A payment order is rejected by the...

Section 4a-211 - Cancellation and Amendment of Payment Order - Section 4A–211. (a) A communication of the sender of a...

Section 4a-204 - Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order - Section 4A–204. (a) If a receiving bank accepts a payment...

Article 5 - Letters of Credit

Section 5-113 - Transfer by Operation of Law - Section 5–113. (a) A successor of a beneficiary may consent...

Section 5-118 - Security Interest of Issuer or Nominated Person - Section 5–118. (a) An issuer or nominated person has a...

Section 5-117 - Subrogation of Issuer, Applicant, and Nominated Person - Section 5–117. (a) An issuer that honors a beneficiary's presentation...

Section 5-116 - Choice of Law and Forum - Section 5–116. (a) The liability of an issuer, nominated person,...

Section 5-115 - Statute of Limitations - Section 5–115. An action to enforce a right or obligation...

Section 5-114 - Assignment of Proceeds - Section 5–114. (a) In this section the term ''proceeds of...

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

Section 5-112 - Transfer of Letter of Credit - Section 5–112. (a) Except as otherwise provided in section 5–113,...

Section 5-109 - Fraud and Forgery - Section 5–109. (a) If a presentation is made that appears...

Section 5-110 - Warranties - Section 5–110. (a) If its presentation is honored, the beneficiary...

Section 5-101 - Short Title - Section 5–101. This article may be cited as Uniform Commercial...

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

Section 5-104 - Formal Requirements - Section 5–104. A letter of credit, confirmation, advice, transfer, amendment,...

Section 5-102 - Definitions - Section 5–102. (a) In this article: (1) ''Adviser'', a person...

Section 5-106 - Issuance, Amendment, Cancellation, and Duration - Section 5–106. (a) A letter of credit is issued and...

Section 5-107 - Confirmer, Nominated Person, and Adviser - Section 5–107. (a) A confirmer is directly obligated on a...

Section 5-108 - Issuer's Rights and Obligations - Section 5–108. (a) Except as otherwise provided in section 5–109,...

Section 5-105 - Consideration - Section 5–105. Consideration is not required to issue, amend, transfer,...

Article 7 - Documents of Title

Section 7-502 - Rights Acquired by Due Negotiation - Section 7–502. (a) Subject to sections 7–205 and 7–503, a...

Section 7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer - Section 7–401. The obligations imposed by this article on an...

Section 7-402 - Duplicate Document of Title; Overissue - Section 7–402. A duplicate or any other document of title...

Section 7-403 - Obligation of Bailee to Deliver; Excuse - Section 7–403. (a) A bailee shall deliver the goods to...

Section 7-309 - Duty of Care; Contractual Limitation of Carrier's Liability - Section 7–309. (a) A carrier that issues a bill of...

Section 7-404 - No Liability for Good–faith Delivery Pursuant to Document of Title - Section 7–404. A bailee that in good faith has received...

Section 7-501 - Form of Negotiation and Requirements of Due Negotiation - Section 7–501. (a) The following rules apply to a negotiable...

Section 7-503 - Document of Title to Goods Defeated in Certain Cases - Section 7–503. (a) A document of title confers no right...

Section 7-509 - Adequate Compliance With Commercial Contract - Section 7–509. Whether a document of title is adequate to...

Section 7-505 - Indorser Not Guarantor for Other Parties - Section 7–505. The indorsement of a tangible document of title...

Section 7-506 - Delivery Without Indorsement: Right to Compel Indorsement - Section 7–506. The transferee of a negotiable tangible document of...

Section 7-507 - Warranties on Negotiations or Delivery of Document of Title - Section 7–507. If a person negotiates or delivers a document...

Section 7-508 - Warranties of Collecting Bank as to Documents of Title - Section 7–508. A collecting bank or other intermediary known to...

Section 7-601 - Lost, Stolen, or Destroyed Documents of Title - Section 7–601. (a) If a document of title is lost,...

Section 7-602 - Judicial Process Against Goods Covered by Negotiable Document of Title - Section 7–602. Unless a document of title was originally issued...

Section 7-603 - Conflicting Claims; Interpleader - Section 7–603. If more than 1 person claims title to...

Section 7-308 - Enforcement of Carrier's Lien - Section 7–308. (a) A carrier's lien on goods may be...

Section 7-504 - Rights Acquired in Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery - Section 7–504. (a) A transferee of a document of title,...

Section 7-307 - Lien of Carrier - Section 7–307. (a) A carrier has a lien on the...

Section 7-210 - Enforcement of Warehouse's Lien - Section 7–210. (a) Except as otherwise provided in subsection (b),...

Section 7-305 - Destination Bills - Section 7–305. (a) Instead of issuing a bill of lading...

Section 7-101 - Short Title - Section 7–101. This article may be cited as Uniform Commercial...

Section 7-306 - Altered Bills of Lading - Section 7–306. An unauthorized alteration or filling in of a...

Section 7-102 - Definitions and Index of Definitions - Section 7–102. (a) In this article, the following words shall,...

Section 7-103 - Relation of Article to Treaty or Statute - Section 7–103. (a) This article is subject to any treaty...

Section 7-104 - Negotiable and Nonnegotiable Document of Title - Section 7–104. (a) Except as otherwise provided in subsection (c),...

Section 7-105 - Reissuance in Alternative Medium - Section 7–105. (a) Upon request of a person entitled under...

Section 7-201 - Person That May Issue a Warehouse Receipt; Storage Under Bond - Section 7–201. (a) A warehouse receipt may be issued by...

Section 7-202 - Form of Warehouse Receipt; Effect of Omission - Section 7–202. (a) A warehouse receipt need not be in...

Section 7-203 - Liability for Nonreceipt or Misdescription - Section 7–203. A party to or purchaser for value in...

Section 7-204 - Duty of Care; Contractual Limitation of Warehouse's Liability - Section 7–204. (a) A warehouse is liable for damages for...

Section 7-106 - Control of Electronic Document of Title - Section 7–106. (a) A person has control of an electronic...

Section 7-206 - Termination of Storage at Warehouse Option - Section 7–206. (a) A warehouse, by giving notice to the...

Section 7-207 - Goods Must Be Kept Separate; Fungible Goods - Section 7–207. (a) Unless the warehouse receipt provides otherwise, a...

Section 7-208 - Altered Warehouse Receipts - Section 7–208. If a blank in a negotiable tangible warehouse...

Section 7-209 - Lien of Warehouse - Section 7–209. (a) A warehouse has a lien against the...

Section 7-301 - Liability for Nonreceipt or Misdescription; ''said to Contain''; ''shipper's Weight, Load and Count''; Improper Handling - Section 7–301. (a) A consignee of a nonnegotiable bill of...

Section 7-302 - Through Bills of Lading and Similar Documents of Title - Section 7–302. (a) The issuer of a through bill of...

Section 7-205 - Title Under Warehouse Receipt Defeated in Certain Cases - Section 7–205. A buyer in the ordinary course of business...

Section 7-303 - Diversion; Reconsignment; Change of Instructions - Section 7–303. (a) Unless the bill of lading otherwise provides,...

Section 7-304 - Tangible Bills of Lading in a Set - Section 7–304. (a) Except as customary in international transportation, a...

Article 8 - Investment Securities

Section 8-404 - Wrongful Registration - Section 8–404. (a) Except as otherwise provided in section 8–406,...

Section 8-403 - Demand That Issuer Not Register Transfer - Section 8–403. (a) A person who is an appropriate person...

Section 8-402 - Assurance That Indorsement or Instruction Is Effective - Section 8–402. (a) An issuer may require the following assurance...

Section 8-401 - Duty of Issuer to Register Transfer - Section 8–401. (a) If a certificated security in registered form...

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

Section 8-304 - Indorsement - Section 8–304. (a) An indorsement may be in blank or...

Section 8-303 - Protected Purchaser - Section 8–303. (a) ''Protected purchaser'', means a purchaser of a...

Section 8-405 - Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate - Section 8–405. (a) If an owner of a certificated security,...

Section 8-306 - Effect of Guaranteeing Signature, Indorsement, or Instruction - Section 8–306. (a) A person who guarantees a signature of...

Section 8-406 - Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate - Section 8–406. If a security certificate has been lost, apparently...

Section 8-509 - Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder - Section 8–509. (a) If the substance of a duty imposed...

Section 8-501 - Securities Account; Acquisition of Security Entitlement From Securities Intermediary - Section 8–501. (a) ''Securities account'', means an account to which...

Section 8-502 - Assertion of Adverse Claim Against Entitlement Holder - Section 8–502. An action based on an adverse claim to...

Section 8-503 - Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary - Section 8–503. (a) To the extent necessary for a securities...

Section 8-504 - Duty of Securities Intermediary to Maintain Financial Asset - Section 8–504. (a) A securities intermediary shall promptly obtain and...

Section 8-505 - Duty of Securities Intermediary With Respect to Payments and Distributions - Section 8–505. (a) A securities intermediary shall take action to...

Section 8-506 - Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder - Section 8–506. A securities intermediary shall exercise rights with respect...

Section 8-507 - Duty of Securities Intermediary to Comply With Entitlement Order - Section 8–507. (a) A securities intermediary shall comply with an...

Section 8-508 - Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding - Section 8–508. A securities intermediary shall act at the direction...

Section 8-510 - Rights of Purchaser of Security Entitlement From Entitlement Holder - Section 8–510. (a) In a case not covered by the...

Section 8-511 - Priority Among Security Interests and Entitlement Holders - Section 8–511. (a) Except as otherwise provided in subsection (b)...

Section 8-302 - Rights of Purchaser - Section 8–302. (a) Except as otherwise provided in subsections (b)...

Section 8-407 - Authenticating Trustee, Transfer Agent, and Registrar - Section 8–407. A person acting as authenticating trustee, transfer agent,...

Section 8-301 - Delivery - Section 8–301. (a) Delivery of a certificated security to a...

Section 8-307 - Purchaser's Right to Requisites for Registration of Transfer - Section 8–307. Unless otherwise agreed, the transferor of a security...

Section 8-209 - Issuer's Lien - Section 8–209. A lien in favor of an issuer upon...

Section 8-101 - Short Title - Section 8–101. This article may be cited as Uniform Commercial...

Section 8-210 - Overissue - Section 8–210. (a) In this section, ''overissue'' means the issue...

Section 8-102 - Definitions - Section 8–102. (a) In this article: (1) ''Adverse claim'', means...

Section 8-103 - Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assets - Section 8–103. (a) A share or similar equity interest issued...

Section 8-104 - Acquisition of Security or Financial Asset or Interest Therein - Section 8–104. (a) A person acquires a security or an...

Section 8-105 - Notice of Adverse Claim - Section 8–105. (a) A person has notice of an adverse...

Section 8-106 - Control - Section 8–106. (a) A purchaser has ''control'' of a certificated...

Section 8-107 - Whether Indorsement, Instruction, or Entitlement Order Is Effective - Section 8–107. (a) ''Appropriate person'' means: (1) with respect to...

Section 8-108 - Warranties in Direct Holding - Section 8–108. (a) A person who transfers a certificated security...

Section 8-109 - Warranties in Indirect Holding - Section 8–109. (a) A person who originates an entitlement order...

Section 8-110 - Applicability; Choice of Law - Section 8–110. (a) The local law of the issuer's jurisdiction,...

Section 8-111 - Clearing Corporation Rules - Section 8–111. A rule adopted by a clearing corporation governing...

Section 8-207 - Rights and Duties of Issuer With Respect to Registered Owners - Section 8–207. (a) Before due presentment for registration of transfer...

Section 8-113 - Statute of Frauds Inapplicable - Section 8–113. A contract or modification of a contract for...

Section 8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent - Section 8–208. (a) A person signing a security certificate as...

Section 8-112 - Creditor's Legal Process - Section 8–112. (a) The interest of a debtor in a...

Section 8-205 - Effect of Unauthorized Signature on Security Certificate - Section 8–205. An unauthorized signature placed on a security certificate...

Section 8-204 - Effect of Issuer's Restriction on Transfer - Section 8–204. A restriction on transfer of a security imposed...

Section 8-203 - Staleness as Notice of Defect or Defense - Section 8–203. After an act or event, other than a...

Section 8-206 - Completion or Alteration of Security Certificate - Section 8–206. (a) If a security certificate contains the signatures...

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

Section 8-116 - Securities Intermediary as Purchaser for Value - Section 8–116. A securities intermediary that receives a financial asset...

Section 8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant - Section 8–115. A securities intermediary that has transferred a financial...

Section 8-114 - Evidentiary Rules Concerning Certificated Securities - Section 8–114. The following rules apply in an action on...

Section 8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense - Section 8–202. (a) Even against a purchaser for value and...

Article 9 - Secured Transactions

Section 9-338 - Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information - Section 9–338. If a security interest or agricultural lien is...

Section 9-403 - Agreement Not to Assert Defenses Against Assignee - Section 9–403. (a) ''Value.'' In this section, ''value'' has the...

Section 9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort - Section 9–402. The existence of a security interest, agricultural lien...

Section 9-401 - Alienability of Debtor's Rights - Section 9–401. (a) Other law governs alienability; exceptions. Except as...

Section 9-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement - Section 9–342. This article does not require a bank to...

Section 9-341 - Bank's Rights and Duties With Respect to Deposit Account - Section 9–341. Except as otherwise provided in Section 9–340(c), and...

Section 9-340 - Effectiveness of Right of Recoupment or Set-Off Against Deposit Account - Section 9–340. (a) Exercise of recoupment or set-off. Except as...

Section 9-337 - Priority of Security Interests in Goods Covered by Certificate of Title - Section 9–337. If, while a security interest in goods is...

Section 9-332 - Transfer of Money; Transfer of Funds From Deposit Account - Section 9–332. (a) Transferee of money. A transferee of money...

Section 9-335 - Accessions - Section 9–335. (a) Creation of security interest in accession. A...

Section 9-334 - Priority of Security Interests in Fixtures and Crops - Section 9–334. (a) Security interest in fixtures under this article....

Section 9-333 - Priority of Certain Liens Arising by Operation of Law - Section 9–333. (a) ''Possessory lien.'' In this section, ''possessory lien''...

Section 9-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee - Section 9–404. (a) Assignee's rights subject to terms, claims, and...

Section 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 - Section 9–331. (a) Rights under Articles 3, 7, and 8...

Section 9-330 - Priority of Purchaser of Chattel Paper or Instrument - Section 9–330. (a) Purchaser's priority: security interest claimed merely as...

Section 9-329 - Priority of Security Interests in Letter-of-Credit Right - Section 9–329. The following rules govern priority among conflicting security...

Section 9-328 - Priority of Security Interests in Investment Property - Section 9–328. The following rules govern priority among conflicting security...

Section 9-336 - Commingled Goods - Section 9–336. (a) ''Commingled goods.'' In this section, ''commingled goods''...

Section 9-405 - Modification of Assigned Contract - Section 9–405. (a) Effect of modification on assignee. A modification...

Section 9-501 - Filing Office - Section 9–501. (a) Filing offices. Except as otherwise provided in...

Section 9-407 - Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest - Section 9–407. (a) Term restricting assignment generally ineffective. Except as...

Section 9-516 - What Constitutes Filing; Effectiveness of Filing - Section 9–516. (a) What constitutes filing. Except as otherwise provided...

Section 9-515 - Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement - Section 9–515. (a) Five-year effectiveness. Except as otherwise provided in...

Section 9-514 - Assignment of Powers of Secured Party of Record - Section 9–514. (a) Assignment reflected on initial financing statement. Except...

Section 9-513 - Termination Statement - Section 9–513. (a) Consumer goods. A secured party shall cause...

Section 9-512 - Amendment of Financing Statement - Section 9–512. (a) Amendment of information in financing statement. Subject...

Section 9-511 - Secured Party of Record - Section 9–511. (a) Secured party of record. A secured party...

Section 9-510 - Effectiveness of Filed Record - Section 9–510. (a) Filed record effective if authorized. A filed...

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Massachusetts General Laws Title XV - Regulation of Trade Chapter 106 - Uniform Commercial Code

Massachusetts General Laws
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code