Missouri Revised Statutes
Chapter 400 - Uniform Commercial Code
Section 400.9-320 - Buyer of goods.

Effective - 01 Jul 2001
400.9-320. Buyer of goods. — (a) Except as otherwise provided in subsection (e), a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.
(b) Except as otherwise provided in subsection (e), a buyer of goods from a person who used or bought the goods for use primarily for personal, family, or household purposes takes free of a security interest, even if perfected, if the buyer buys:
(1) Without knowledge of the security interest;
(2) For value;
(3) Primarily for the buyer's personal, family, or household purposes; and
(4) Before the filing of a financing statement covering the goods.
(c) To the extent that it affects the priority of a security interest over a buyer of goods under subsection (b), the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by section 400.9-316(a) and (b).
(d) A buyer in ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.
(e) Subsections (a) and (b) do not affect a security interest in goods in the possession of the secured party under section 400.9-313.
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(L. 2001 S.B. 288)
Effective 7-01-01

Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXVI - Trade and Commerce

Chapter 400 - Uniform Commercial Code

Section 400.1-101 - Short titles.

Section 400.1-102 - Scope of article.

Section 400.1-103 - Construction of code to promote its purpose and policies — applicability of supplemental principles of law.

Section 400.1-104 - Construction against implicit repeal.

Section 400.1-105 - Severability.

Section 400.1-106 - Use of singular and plural — gender.

Section 400.1-107 - Section captions.

Section 400.1-108 - Relation to Electronic Signatures in Global and National Commerce Act.

Section 400.1-201 - General definitions.

Section 400.1-202 - Notice — knowledge.

Section 400.1-203 - Lease distinguished from security interest.

Section 400.1-204 - Value.

Section 400.1-205 - Reasonable time — seasonableness.

Section 400.1-206 - Presumptions.

Section 400.1-301 - Territorial applicability — parties' power to choose applicable law.

Section 400.1-302 - Variation by agreement.

Section 400.1-303 - Course of performance, course of dealing, and usage of trade.

Section 400.1-304 - Obligation of good faith.

Section 400.1-305 - Remedies to be liberally administered.

Section 400.1-306 - Waiver of renunciation of claim of right after breach.

Section 400.1-307 - Prima facie evidence of third-party documents.

Section 400.1-308 - Performance or acceptance under reservation of rights.

Section 400.1-309 - Option to accelerate at will.

Section 400.1-310 - Subordinated obligations.

Section 400.2-101 - Short title.

Section 400.2-102 - Scope — certain security and other transactions excluded from this article.

Section 400.2-103 - Definitions and index of definitions.

Section 400.2-104 - Definitions — "merchant" — "between merchants" — "financing agency".

Section 400.2-105 - Definitions — transferability — "goods" — "future" goods — "lot" — "commercial unit".

Section 400.2-106 - Definitions — "contract" — "agreement" — "contract for sale" — "sale" — "present sale" — "conforming" to contract — "termination" — "cancellation".

Section 400.2-107 - Goods to be severed from realty — recording.

Section 400.2-201 - Formal requirements — statute of frauds.

Section 400.2-202 - Final written expression — parol or extrinsic evidence.

Section 400.2-203 - Seals inoperative.

Section 400.2-204 - Formation in general.

Section 400.2-205 - Firm offers.

Section 400.2-206 - Offer and acceptance in formation of contract.

Section 400.2-207 - Additional terms in acceptance or confirmation.

Section 400.2-208 - Course of performance or practical construction.

Section 400.2-209 - Modification, rescission and waiver.

Section 400.2-210 - Delegation of performance — assignment of rights.

Section 400.2-301 - General obligations of parties.

Section 400.2-302 - Unconscionable contract or clause.

Section 400.2-303 - Allocation or division of risks.

Section 400.2-304 - Price payable in money, goods, realty, or otherwise.

Section 400.2-305 - Open price term.

Section 400.2-306 - Output, requirements and exclusive dealings.

Section 400.2-307 - Delivery in single lot or several lots.

Section 400.2-308 - Absence of specified place for delivery.

Section 400.2-309 - Absence of specific time provisions — notice of termination.

Section 400.2-310 - Open time for payment or running of credit — authority to ship under reservation.

Section 400.2-311 - Options and cooperation respecting performance.

Section 400.2-312 - Warranty of title and against infringement — buyer's obligation against infringement.

Section 400.2-313 - Express warranties by affirmation, promise, description, sample.

Section 400.2-314 - Implied warranty — merchantability — usage of trade.

Section 400.2-315 - Implied warranty — fitness for particular purpose.

Section 400.2-316 - Exclusion or modification of warranties — livestock warranties of fitness to be in writing.

Section 400.2-317 - Cumulation and conflict of warranties express or implied.

Section 400.2-318 - Third party beneficiaries of warranties express or implied.

Section 400.2-319 - F.O.B. and F.A.S. terms.

Section 400.2-320 - C.I.F. and C.&F. terms.

Section 400.2-321 - C.I.F. or C.&F. — "net landed weights" — payment on arrival — warranty of condition on arrival.

Section 400.2-322 - Delivery "ex-ship".

Section 400.2-323 - Form of bill of lading required in overseas shipment — "overseas".

Section 400.2-324 - "No arrival, no sale" term.

Section 400.2-325 - "Letter of credit" term — "confirmed credit".

Section 400.2-326 - Sale on approval and sale or return — rights of creditors.

Section 400.2-327 - Special incidents of sale on approval and sale or return.

Section 400.2-328 - Sale by auction.

Section 400.2-401 - Passing of title — reservation for security — limited application of this section.

Section 400.2-402 - Rights of seller's creditors against sold goods.

Section 400.2-403 - Power to transfer — good faith purchase of goods — "entrusting".

Section 400.2-501 - Insurable interest in goods — manner of identification of goods.

Section 400.2-502 - Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency.

Section 400.2-503 - Manner of seller's tender of delivery.

Section 400.2-504 - Shipment by seller.

Section 400.2-505 - Seller's shipment under reservation.

Section 400.2-506 - Rights of financing agency.

Section 400.2-507 - Effect of seller's tender — delivery on condition.

Section 400.2-508 - Cure by seller of improper tender or delivery — replacement.

Section 400.2-509 - Risk of loss in the absence of breach.

Section 400.2-510 - Effect of breach on risk of loss.

Section 400.2-511 - Tender of payment by buyer — payment by check.

Section 400.2-512 - Payment by buyer before inspection.

Section 400.2-513 - Buyer's right to inspection of goods.

Section 400.2-514 - When documents deliverable on acceptance — when on payment.

Section 400.2-515 - Preserving evidence of goods in dispute.

Section 400.2-601 - Buyer's rights on improper delivery.

Section 400.2-602 - Manner and effect of rightful rejection.

Section 400.2-603 - Merchant buyer's duties as to rightfully rejected goods.

Section 400.2-604 - Buyer's options as to salvage of rightfully rejected goods.

Section 400.2-605 - Waiver of buyer's objections by failure to particularize.

Section 400.2-606 - What constitutes acceptance of goods.

Section 400.2-607 - Effect of acceptance — notice of breach — burden of establishing breach after acceptance — notice of claim or litigation to person answerable over.

Section 400.2-608 - Revocation of acceptance in whole or in part.

Section 400.2-609 - Right to adequate assurance of performance.

Section 400.2-610 - Anticipatory repudiation.

Section 400.2-611 - Retraction of anticipatory repudiation.

Section 400.2-612 - "Installment contract" — breach.

Section 400.2-613 - Casualty to identified goods.

Section 400.2-614 - Substituted performance.

Section 400.2-615 - Excuse by failure of presupposed conditions.

Section 400.2-616 - Procedure on notice claiming excuse.

Section 400.2-701 - Remedies for breach of collateral contracts not impaired.

Section 400.2-702 - Seller's remedies on discovery of buyer's insolvency.

Section 400.2-703 - Seller's remedies in general.

Section 400.2-704 - Seller's right to identify goods to the contract not withstanding breach or to salvage unfinished goods.

Section 400.2-705 - Seller's stoppage of delivery in transit or otherwise.

Section 400.2-706 - Seller's resale including contract for resale.

Section 400.2-707 - "Person in the position of a seller".

Section 400.2-708 - Seller's damages for nonacceptance or repudiation.

Section 400.2-709 - Action for the price.

Section 400.2-710 - Seller's incidental damages.

Section 400.2-711 - Buyer's remedies in general — buyer's security interest in rejected goods.

Section 400.2-712 - "Cover" — buyer's procurement of substitute goods.

Section 400.2-713 - Buyer's damages for nondelivery or repudiation.

Section 400.2-714 - Buyer's damages for breach in regard to accepted goods.

Section 400.2-715 - Buyer's incidental and consequential damages.

Section 400.2-716 - Buyer's right to specific performance or replevin.

Section 400.2-717 - Deduction of damages from the price.

Section 400.2-718 - Liquidation or limitation of damages — deposits.

Section 400.2-719 - Contractual modification or limitation of remedy.

Section 400.2-720 - Effect of "cancellation" or "rescission" on claims for antecedent breach.

Section 400.2-721 - Remedies for fraud.

Section 400.2-722 - Who can sue third parties for injury to goods.

Section 400.2-723 - Proof of market price — time and place.

Section 400.2-724 - Admissibility of market quotations.

Section 400.2-725 - Statute of limitations in contracts for sale.

Section 400.2A-101 - Short title.

Section 400.2A-102 - Scope.

Section 400.2A-103 - Definitions and index of definitions.

Section 400.2A-104 - Leases subject to other law.

Section 400.2A-105 - Territorial application of article to goods covered by certificate of title.

Section 400.2A-106 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum.

Section 400.2A-107 - Waiver or renunciation of claim or right after death.

Section 400.2A-108 - Unconscionability.

Section 400.2A-109 - Option to accelerate at will.

Section 400.2A-201 - Statute of frauds.

Section 400.2A-202 - Final written expression — parol or extrinsic evidence.

Section 400.2A-203 - Seals inoperative.

Section 400.2A-204 - Formation in general.

Section 400.2A-205 - Firm offers.

Section 400.2A-206 - Offer and acceptance in formation of lease contract.

Section 400.2A-207 - Course of performance or practical construction.

Section 400.2A-208 - Modification, rescission and waiver.

Section 400.2A-209 - Lessee under finance lease as beneficiary of supply contract.

Section 400.2A-210 - Express warranties.

Section 400.2A-211 - Warranties against interference and against infringement — lessee's obligation against infringement.

Section 400.2A-212 - Implied warranty of merchantability.

Section 400.2A-213 - Implied warranty of fitness for particular purpose.

Section 400.2A-214 - Exclusion or modification of warranties.

Section 400.2A-215 - Cumulation and conflict of warranties express or implied.

Section 400.2A-216 - Third-party beneficiaries of express and implied warranties.

Section 400.2A-217 - Identification.

Section 400.2A-218 - Insurance and proceeds.

Section 400.2A-219 - Risk of loss.

Section 400.2A-220 - Effect of default on risk of loss.

Section 400.2A-221 - Casualty to identified goods.

Section 400.2A-301 - Enforceability of lease contract.

Section 400.2A-302 - Title to and possession of goods.

Section 400.2A-303 - Alienability of party's interest under lease contract or of lessor's residual interest in goods — delegation of performance — transfer of rights.

Section 400.2A-304 - Subsequent lease of goods by lessor.

Section 400.2A-305 - Sale or sublease of goods by lessee.

Section 400.2A-306 - Priority of certain liens arising by operation of law.

Section 400.2A-307 - Priority of liens arising by attachment or levy on — security interest in — and other claims to goods.

Section 400.2A-308 - Special rights of creditors.

Section 400.2A-309 - Lessor's and lessee's rights when goods become fixtures.

Section 400.2A-310 - Lessor's and lessee's rights when goods become accessions.

Section 400.2A-311 - Priority subject to subordination.

Section 400.2A-401 - Insecurity — adequate assurance of performance.

Section 400.2A-402 - Anticipatory repudiation.

Section 400.2A-403 - Retraction of anticipatory repudiation.

Section 400.2A-404 - Substituted performance.

Section 400.2A-405 - Excused performance.

Section 400.2A-406 - Procedure on excused performance.

Section 400.2A-407 - Irrevocable promises — finance leases.

Section 400.2A-501 - Default — procedure.

Section 400.2A-502 - Notice after default.

Section 400.2A-503 - Modification or impairment of rights and remedies.

Section 400.2A-504 - Liquidation of damages.

Section 400.2A-505 - Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies.

Section 400.2A-506 - Statute of limitations.

Section 400.2A-507 - Proof of market rent — time and place.

Section 400.2A-508 - Lessee's remedies.

Section 400.2A-509 - Lessee's rights on improper delivery — rightful rejection.

Section 400.2A-510 - Installment lease contracts — rejection and default.

Section 400.2A-511 - Merchant lessee's duties as to rightfully rejected goods.

Section 400.2A-512 - Lessee's duties as to rightfully rejected goods.

Section 400.2A-513 - Cure by lessor of improper tender or delivery — replacement.

Section 400.2A-514 - Waiver of lessee's objections.

Section 400.2A-515 - Acceptance of goods.

Section 400.2A-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 400.2A-517 - Revocation of acceptance of goods.

Section 400.2A-518 - Cover — substitute goods.

Section 400.2A-519 - Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods.

Section 400.2A-520 - Lessee's incidental and consequential damages.

Section 400.2A-521 - Lessee's right to specific performance or replevin.

Section 400.2A-522 - Lessee's right to goods on lessor's insolvency.

Section 400.2A-523 - Lessor's remedies.

Section 400.2A-524 - Lessor's right to identify goods to lease contract.

Section 400.2A-525 - Lessor's right to possession of goods.

Section 400.2A-526 - Lessor's stoppage of delivery in transit or otherwise.

Section 400.2A-527 - Lessor's rights to dispose of goods.

Section 400.2A-528 - Lessor's damages for nonacceptance or repudiation.

Section 400.2A-529 - Lessor's action for the rent.

Section 400.2A-530 - Lessor's incidental damages.

Section 400.2A-531 - Standing to sue third parties for injury to goods.

Section 400.2A-532 - Lessor's rights to residual interest.

Section 400.3-101 - Short title.

Section 400.3-102 - Subject matter.

Section 400.3-103 - Definitions.

Section 400.3-104 - Negotiable instruments.

Section 400.3-105 - Issue of instrument.

Section 400.3-106 - Unconditional promise or order.

Section 400.3-107 - Instrument payable in foreign money.

Section 400.3-108 - Payable on demand or at definite time.

Section 400.3-109 - Payable to bearer or to order.

Section 400.3-110 - Identification of person to whom instrument is payable.

Section 400.3-111 - Place of payment.

Section 400.3-112 - Interest.

Section 400.3-113 - Date of instrument.

Section 400.3-114 - Contradictory terms of instrument.

Section 400.3-115 - Incomplete instrument.

Section 400.3-116 - Joint and several liability — contribution.

Section 400.3-117 - Other agreements affecting instrument.

Section 400.3-118 - Statute of limitations.

Section 400.3-119 - Notice of right to defend action.

Section 400.3-201 - Negotiation.

Section 400.3-202 - Negotiation subject to rescission.

Section 400.3-203 - Transfer of instrument — right acquired by transfer.

Section 400.3-204 - Endorsement.

Section 400.3-205 - Special endorsement — blank endorsement — anomalous endorsement.

Section 400.3-206 - Restrictive endorsement.

Section 400.3-207 - Reacquisition.

Section 400.3-301 - Person entitled to enforce instrument.

Section 400.3-302 - Holder in due course.

Section 400.3-303 - Value and consideration.

Section 400.3-304 - Overdue instrument.

Section 400.3-305 - Defenses and claims in recoupment.

Section 400.3-306 - Claims to an instrument.

Section 400.3-307 - Notice of breach of fiduciary duty.

Section 400.3-308 - Proof of signature and status as holder in due course.

Section 400.3-309 - Enforcement of lost, destroyed, or stolen instrument.

Section 400.3-310 - Effect of instrument on obligation for which taken.

Section 400.3-311 - Accord and satisfaction by use of instrument.

Section 400.3-312 - Lost, destroyed or stolen cashier's check, teller's check or certified check.

Section 400.3-401 - Signature.

Section 400.3-402 - Signature by representative.

Section 400.3-403 - Unauthorized signature.

Section 400.3-404 - Impostors — fictitious payees.

Section 400.3-405 - Employer's responsibility for fraudulent endorsement by employee.

Section 400.3-406 - Negligence contributing to forged signature or alteration of instrument.

Section 400.3-407 - Alteration.

Section 400.3-408 - Drawee not liable on unaccepted draft.

Section 400.3-409 - Acceptance of draft — certified check.

Section 400.3-410 - Acceptance varying draft.

Section 400.3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks.

Section 400.3-412 - Obligation of issuer of note or cashier's check.

Section 400.3-413 - Obligation of acceptor.

Section 400.3-414 - Obligation of drawer.

Section 400.3-415 - Obligation of endorser.

Section 400.3-416 - Transfer warranties.

Section 400.3-417 - Presentment warranties.

Section 400.3-418 - Payment or acceptance by mistake.

Section 400.3-419 - Instrument signed for accommodation.

Section 400.3-420 - Conversion of instrument.

Section 400.3-501 - Presentment.

Section 400.3-502 - Dishonor.

Section 400.3-503 - Notice of dishonor.

Section 400.3-504 - Excused presentment and notice of dishonor.

Section 400.3-505 - Evidence of dishonor.

Section 400.3-601 - Discharge and effect of discharge.

Section 400.3-602 - Payment.

Section 400.3-603 - Tender of payment.

Section 400.3-604 - Discharge by cancellation or renunciation.

Section 400.3-605 - Discharge of endorsers and accommodation parties.

Section 400.4-101 - Short title.

Section 400.4-102 - Applicability.

Section 400.4-103 - Variation by agreement — measure of damages — action constituting ordinary care.

Section 400.4-104 - Definitions and index of definitions.

Section 400.4-105 - Bank — depositary bank — payor bank — intermediary bank — collecting bank — presenting bank.

Section 400.4-106 - Payable through or payable at bank — collecting bank.

Section 400.4-107 - Separate office of bank.

Section 400.4-108 - Time of receipt of items.

Section 400.4-109 - Delays.

Section 400.4-110 - Electronic presentment.

Section 400.4-111 - Statute of limitations.

Section 400.4-201 - Status of collecting bank as agent and provisional status of credits — applicability of article — item endorsed "pay any bank".

Section 400.4-202 - Responsibility for collection or return — when action timely.

Section 400.4-203 - Effect of instructions.

Section 400.4-204 - Methods of sending and presenting — sending directly to payor bank.

Section 400.4-205 - Depositary bank holder of unendorsed item.

Section 400.4-206 - Transfer between banks.

Section 400.4-207 - Transfer warranties.

Section 400.4-208 - Presentment warranties.

Section 400.4-209 - Encoding and retention warranties.

Section 400.4-210 - Security interest of collecting bank in items, accompanying documents and proceeds.

Section 400.4-211 - When bank gives value for purposes of holder in due course.

Section 400.4-212 - Presentment by notice of item not payable by, through, or at bank — liability of drawer or endorser.

Section 400.4-213 - Medium and time of settlement by bank.

Section 400.4-214 - Right of charge-back or refund — liability of collecting bank — return of item.

Section 400.4-215 - Final payment of item by payor bank — when provisional debits and credits become final — when certain credits become available for withdrawal.

Section 400.4-216 - Insolvency and preference.

Section 400.4-301 - Deferred posting — recovery of payment by return of items — time of dishonor — return of items by payor bank.

Section 400.4-302 - Payor bank's responsibility for late return of item.

Section 400.4-303 - When item subject to notice, stop-payment order — legal process or setoff — order in which items may be charged or certified.

Section 400.4-401 - When bank may charge customer's account.

Section 400.4-402 - Bank's liability to customer for wrongful dishonor — time of determining insufficiency of account.

Section 400.4-403 - Customer's right to stop payment — burden of proof of loss.

Section 400.4-404 - Bank not obligated to pay check more than six months old.

Section 400.4-405 - Death or incompetence of customer.

Section 400.4-406 - Customer's duty to discover and report unauthorized signature or alteration.

Section 400.4-407 - Payor bank's right to subrogation or improper payment.

Section 400.4-501 - Handling of documentary drafts — duty to send for presentment and to notify customer of dishonor.

Section 400.4-502 - Presentment of "on arrival" drafts.

Section 400.4-503 - Responsibility of presenting bank for documents and goods — report of reasons for dishonor — referee in case of need.

Section 400.4-504 - Privilege of presenting bank to deal with goods — security interest for expenses.

Section 400.4A-101 - Short title.

Section 400.4A-102 - Subject matter.

Section 400.4A-103 - Payment order — definitions.

Section 400.4A-104 - Funds transfer — definitions.

Section 400.4A-105 - Other definitions.

Section 400.4A-106 - Time payment order is received.

Section 400.4A-107 - Federal Reserve regulations and operating circulars.

Section 400.4A-108 - Exclusion of consumer transactions governed by federal law.

Section 400.4A-201 - Security procedure.

Section 400.4A-202 - Authorized and verified payment orders.

Section 400.4A-203 - Unenforceability of certain verified payment orders.

Section 400.4A-204 - Refund of payment and duty of customer to report with respect to unauthorized payment order.

Section 400.4A-205 - Erroneous payment orders.

Section 400.4A-206 - Transmission of payment order through funds — transfer or other communication system.

Section 400.4A-207 - Misdescription of beneficiary.

Section 400.4A-208 - Misdescription of intermediary bank or beneficiary's bank.

Section 400.4A-209 - Acceptance of payment order.

Section 400.4A-210 - Rejection of payment order.

Section 400.4A-211 - Cancellation and amendment of payment order.

Section 400.4A-212 - Liability and duty of receiving bank regarding unaccepted payment order.

Section 400.4A-301 - Execution and execution date.

Section 400.4A-302 - Obligations of receiving bank in execution of payment order.

Section 400.4A-303 - Erroneous execution of payment order.

Section 400.4A-304 - Duty of sender to report erroneously executed payment order.

Section 400.4A-305 - Liability for late or improper execution or failure to execute payment order.

Section 400.4A-401 - Payment date.

Section 400.4A-402 - Obligation of sender to pay receiving bank.

Section 400.4A-403 - Payment by sender to receiving bank.

Section 400.4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary.

Section 400.4A-405 - Payment by beneficiary's bank to beneficiary.

Section 400.4A-406 - Payment by originator to beneficiary — discharge of underlying obligation.

Section 400.4A-501 - Variation by agreement and effect of funds — transfer system rule.

Section 400.4A-502 - Creditor process served on receiving bank — setoff by beneficiary's bank.

Section 400.4A-503 - Injunction or restraining order with respect to funds transfer.

Section 400.4A-504 - Order in which items and payment orders may be charged to account — order of withdrawals from account.

Section 400.4A-505 - Preclusion of objection to debt of customer's account.

Section 400.4A-506 - Rate of interest.

Section 400.4A-507 - Choice of law.

Section 400.5-101 - Short title.

Section 400.5-102 - Definitions.

Section 400.5-103 - Scope.

Section 400.5-104 - Formal requirements.

Section 400.5-105 - Consideration.

Section 400.5-106 - Issuance, amendment, cancellation and duration.

Section 400.5-107 - Confirmer, nominated person and adviser.

Section 400.5-108 - Issuer's rights and obligations.

Section 400.5-109 - Fraud and forgery.

Section 400.5-110 - Warranties.

Section 400.5-111 - Remedies and damages for wrongful dishonor or breach of obligation.

Section 400.5-112 - Transfer of letter of credit.

Section 400.5-113 - Successor of beneficiary, rights.

Section 400.5-114 - Proceeds of letter of credit, definition, assignment.

Section 400.5-115 - Statute of limitations.

Section 400.5-116 - Choice of law and forum.

Section 400.5-117 - Subrogation of issuer, applicant and nominated person.

Section 400.5-118 - Security interest in a document.

Section 400.7-101 - Short title.

Section 400.7-102 - Definitions and index of definitions.

Section 400.7-103 - Relation of article to treaty, statute, tariff, classification or regulation.

Section 400.7-104 - Negotiable and nonnegotiable warehouse receipt, bill of lading or other document of title.

Section 400.7-105 - Requests for issuance of tangible or electronic documents of title, effect.

Section 400.7-106 - Control of electronic document of title.

Section 400.7-201 - Who may issue a warehouse receipt — storage under government bond.

Section 400.7-202 - Form of warehouse receipt — essential terms — optional terms.

Section 400.7-203 - Liability for nonreceipt or misdescription.

Section 400.7-204 - Duty of care — contractual limitation of warehouseman's liability.

Section 400.7-205 - Title under warehouse receipt defeated in certain cases.

Section 400.7-206 - Termination of storage at warehouseman's option.

Section 400.7-207 - Goods must be kept separate — fungible goods.

Section 400.7-208 - Altered warehouse receipts.

Section 400.7-209 - Lien of warehouse.

Section 400.7-210 - Enforcement of warehouse's lien.

Section 400.7-301 - Liability for nonreceipt or misdescription — "said to contain" — "shipper's load and count" — improper handling.

Section 400.7-302 - Through bills of lading and similar documents.

Section 400.7-303 - Diversion — reconsignment — change of instructions.

Section 400.7-304 - Bills of lading in a set.

Section 400.7-305 - Destination bills.

Section 400.7-306 - Altered bills of lading.

Section 400.7-307 - Lien of carrier.

Section 400.7-308 - Enforcement of carrier's lien.

Section 400.7-309 - Duty of care — contractual limitation of carrier's liability.

Section 400.7-401 - Irregularities in issue of receipt or bill or conduct of issuer.

Section 400.7-402 - Duplicate receipt or bill — overissue.

Section 400.7-403 - Obligation of warehouse or carrier to deliver — excuse.

Section 400.7-404 - No liability for good faith delivery pursuant to receipt or bill.

Section 400.7-501 - Form of negotiation and requirements of "due negotiation".

Section 400.7-502 - Rights acquired by due negotiation.

Section 400.7-503 - Document of title to goods defeated in certain cases.

Section 400.7-504 - Rights acquired in the absence of due negotiation — effect of diversion — seller's stoppage of delivery.

Section 400.7-505 - Indorser not a guarantor for other parties.

Section 400.7-506 - Delivery without indorsement — right to compel indorsement.

Section 400.7-507 - Warranties on negotiation or transfer of receipt or bill.

Section 400.7-508 - Warranties of collecting bank as to documents.

Section 400.7-509 - Receipt or bill — when adequate compliance with commercial contract.

Section 400.7-601 - Lost and missing documents.

Section 400.7-602 - Attachment of goods covered by a negotiable document.

Section 400.7-603 - Conflicting claims — interpleader.

Section 400.7-703 - Applicability

Section 400.7-704 - Savings clause.

Section 400.8-101 - Short title.

Section 400.8-102 - Definitions.

Section 400.8-103 - Rules for determining whether certain obligations and interests are securities or financial assets.

Section 400.8-104 - Acquisition of security or financial asset or interest therein.

Section 400.8-105 - Notice of adverse claim.

Section 400.8-106 - Control.

Section 400.8-107 - Indorsement, instruction or entitlement order — effective, when.

Section 400.8-108 - Warranties in direct holding.

Section 400.8-109 - Warranties in indirect holding.

Section 400.8-110 - Applicability; choice of law.

Section 400.8-111 - Clearing corporation rules.

Section 400.8-112 - Creditor's legal process.

Section 400.8-113 - Statute of frauds inapplicable.

Section 400.8-114 - Evidentiary rules concerning certificated securities.

Section 400.8-115 - Securities intermediary and others not liable to adverse claimant.

Section 400.8-116 - Securities intermediary as purchaser for value.

Section 400.8-117 - Deposit of securities.

Section 400.8-201 - Issuer.

Section 400.8-202 - Issuer's responsibility and defenses — notice of defect or defense.

Section 400.8-203 - Staleness as notice of defects or defenses.

Section 400.8-204 - Effect of issuer's restriction on transfer.

Section 400.8-205 - Effect of unauthorized signature on security certificate.

Section 400.8-206 - Completion or alteration of security certificate.

Section 400.8-207 - Rights and duties of issuer with respect to registered owners.

Section 400.8-208 - Effect of signature of authenticating trustee, registrar or transfer agent.

Section 400.8-209 - Issuer's lien.

Section 400.8-210 - Overissue, definition.

Section 400.8-301 - Delivery.

Section 400.8-302 - Rights of purchaser.

Section 400.8-303 - Protected purchaser.

Section 400.8-304 - Indorsement.

Section 400.8-305 - Instruction.

Section 400.8-306 - Effect of guaranteeing signature, indorsement or instruction.

Section 400.8-307 - Purchaser's right to requisites for registration of transfer.

Section 400.8-401 - Duty of issuer to register transfer.

Section 400.8-402 - Assurance that endorsement and instructions are effective.

Section 400.8-403 - Demand that issuer not register transfer.

Section 400.8-404 - Wrongful registration.

Section 400.8-405 - Replacement of lost, destroyed or wrongfully taken security certificates.

Section 400.8-406 - Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.

Section 400.8-407 - Authenticating trustee, transfer agent and registrar.

Section 400.8-501 - Securities account — acquisition of security entitlement from securities intermediary.

Section 400.8-502 - Assertion of adverse claim against entitlement holder.

Section 400.8-503 - Property interest of entitlement holder in financial asset held by securities intermediary.

Section 400.8-504 - Duty of securities intermediary to maintain financial asset.

Section 400.8-505 - Duty of securities intermediary with respect to payments and distributions.

Section 400.8-506 - Duty of securities intermediary to exercise rights as directed by entitlement holder.

Section 400.8-507 - Duty of securities intermediary to comply with entitlement order.

Section 400.8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding.

Section 400.8-509 - 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 400.8-510 - Rights of purchaser of security entitlement from entitlement holder.

Section 400.8-511 - Priority among security interests and entitlement holders.

Section 400.8-601 - Effect of amendments to article 8.

Section 400.9-101 - Short title.

Section 400.9-102 - Definitions and index of definitions.

Section 400.9-103 - Purchase-money security interest — application of payments — burden of establishing.

Section 400.9-104 - Control of deposit account.

Section 400.9-105 - Control of electronic chattel paper.

Section 400.9-106 - Control of investment property.

Section 400.9-107 - Control of letter-of-credit right.

Section 400.9-108 - Sufficiency of description.

Section 400.9-109 - Scope.

Section 400.9-110 - Security interests arising under Article 2 or 2A.

Section 400.9-201 - General effectiveness of security agreement.

Section 400.9-202 - Title to collateral immaterial.

Section 400.9-203 - Attachment and enforceability of security interest — proceeds — supporting obligations — formal requisites.

Section 400.9-204 - After-acquired property — future advances.

Section 400.9-205 - Use or disposition of collateral permissible.

Section 400.9-206 - Security interest arising in purchase or delivery of financial asset.

Section 400.9-207 - Rights and duties of secured party having possession or control of collateral.

Section 400.9-208 - Additional duties of secured party having control of collateral.

Section 400.9-209 - Duties of secured party if account of debtor has been notified of assignment.

Section 400.9-210 - Request for accounting — request regarding list of collateral or statement of account.

Section 400.9-301 - Law governing perfection and priority of security interests.

Section 400.9-302 - Law governing perfection and priority of agricultural liens.

Section 400.9-303 - Law governing perfection and priority of security interests in goods covered by certificate of title.

Section 400.9-304 - Law governing perfection and priority of security interests in deposit accounts.

Section 400.9-305 - Law governing perfection and priority of security interests in investment property.

Section 400.9-306 - Law governing perfection and priority of security interests in letter-of-credit rights.

Section 400.9-307 - Location of debtor.

Section 400.9-308 - When security interests or agricultural lien is perfected — continuity of perfection.

Section 400.9-309 - Security interest perfected upon attachment.

Section 400.9-310 - When filing required to perfect security interest or agricultural lien — security interests and agricultural liens to which filing provisions do not apply.

Section 400.9-311 - Perfection of security interests in property subject to certain statutes, regulations, and treaties.

Section 400.9-312 - Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money — perfection by permissive filing — temporary perfect...

Section 400.9-313 - When possession by or delivery to secured party perfects security interest without filing.

Section 400.9-314 - Perfection by control.

Section 400.9-315 - Secured party's rights on disposition of collateral and in proceeds.

Section 400.9-316 - Effect of change in governing law.

Section 400.9-317 - Interests that take priority over or take free of security interest or agricultural lien.

Section 400.9-318 - No interest retained in right to payment that is sold — rights and title of seller of account or chattel paper with respect to creditors and purchasers.

Section 400.9-319 - Rights and title of consignee with respect to creditors and purchasers.

Section 400.9-320 - Buyer of goods.

Section 400.9-321 - Licensee of general intangible and lessee of goods in ordinary course of business.

Section 400.9-322 - Priorities among conflicting security interests in and agricultural liens on same collateral.

Section 400.9-323 - Future advances.

Section 400.9-324 - Priority of purchase-money security interests.

Section 400.9-325 - Priority in security interests in transferred collateral.

Section 400.9-326 - Priority of security interests created by new debtor.

Section 400.9-327 - Priority of secured interests in deposit account.

Section 400.9-328 - Priority in security interests in investment property.

Section 400.9-329 - Priority of security interests in letter-of-credit right.

Section 400.9-330 - Priority of purchaser of chattel paper or instrument.

Section 400.9-331 - 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 400.9-332 - Transfer of money — transfer of funds from deposit account.

Section 400.9-333 - Priority of certain liens arising by operation of law.

Section 400.9-334 - Priority of security interests in fixtures and crops.

Section 400.9-335 - Accessions.

Section 400.9-336 - Commingled goods.

Section 400.9-337 - Priority of security interests in goods covered by certificate of title.

Section 400.9-338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.

Section 400.9-339 - Priority subject to subordination.

Section 400.9-340 - Effectiveness of right of recoupment or set-off against deposit account.

Section 400.9-341 - Bank's rights and duties with respect to deposit account.

Section 400.9-342 - Bank's right to refuse to enter into or disclose existence of control agreement.

Section 400.9-401 - Alienability of debtor's rights.

Section 400.9-402 - Secured party not obligated on contract of debtor or in tort.

Section 400.9-403 - Agreement not to assert defenses against assignee.

Section 400.9-404 - Rights acquired by assignee — claims and defenses against assignee.

Section 400.9-405 - Modification of assigned contract.

Section 400.9-406 - Discharge of account debtor — notification of assignment — identification and proof of assignment — restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective.

Section 400.9-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.

Section 400.9-408 - Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective.

Section 400.9-409 - Restrictions on assignment of letter-of-credit rights ineffective.

Section 400.9-501 - Filing office.

Section 400.9-502 - Contents of financing statement — record of mortgage as financing statement — time of filing financial statement.

Section 400.9-503 - Name of debtor and secured party.

Section 400.9-504 - Indication of collateral.

Section 400.9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

Section 400.9-506 - Effect of errors or omissions.

Section 400.9-507 - Effect of certain events on effectiveness of financing statement.

Section 400.9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.

Section 400.9-509 - Persons entitled to file a record.

Section 400.9-510 - Effectiveness of filed record.

Section 400.9-511 - Secured party of record.

Section 400.9-512 - Amendment of financing statement.

Section 400.9-513 - Termination statement.

Section 400.9-514 - Assignment of powers of secured party of record.

Section 400.9-515 - Duration and effectiveness of financing statement — effect of lapsed financing statement.

Section 400.9-516 - What constitutes filing — effectiveness of filing.

Section 400.9-517 - Effect of indexing errors.

Section 400.9-518 - Claim concerning inaccurate or wrongfully filed record.

Section 400.9-519 - Numbering, maintaining, and indexing records — communicating information provided in records.

Section 400.9-520 - Acceptance and refusal to accept record.

Section 400.9-521 - Uniform form of written financing statement and amendment.

Section 400.9-522 - Maintenance and destruction of records.

Section 400.9-523 - Information from filing office — sale or license of records.

Section 400.9-524 - Delay by filing office.

Section 400.9-525 - Fees.

Section 400.9-526 - Filing office rules.

Section 400.9-527 - Duty to report.

Section 400.9-528 - Additional fee — expiration date.

Section 400.9-601 - Rights after default — judicial enforcement — consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.

Section 400.9-602 - Waiver of variance of rights and duties.

Section 400.9-603 - Agreement on standards concerning rights and duties.

Section 400.9-604 - Procedure if security agreement covers real property or fixtures.

Section 400.9-605 - Unknown debtor or secondary obligor.

Section 400.9-606 - Time of default for agricultural lien.

Section 400.9-607 - Collection and enforcement by secured party.

Section 400.9-608 - Application of proceeds of collection or enforcement — liability for deficiency and right to surplus.

Section 400.9-609 - Secured party's right to take possession after default.

Section 400.9-610 - Disposition of collateral after default.

Section 400.9-611 - Notification before disposition of collateral.

Section 400.9-612 - Timeliness of notification before disposition of collateral.

Section 400.9-613 - Contents and form of notification before disposition of collateral: general.

Section 400.9-614 - Contents and form of notification before disposition of collateral: consumer goods transaction.

Section 400.9-615 - Application of proceeds of disposition — liability for deficiency and right to surplus.

Section 400.9-616 - Explanation of calculation of surplus or deficiency.

Section 400.9-617 - Rights of transferee of collateral.

Section 400.9-618 - Rights and duties of certain secondary obligors.

Section 400.9-619 - Transfer of record or legal title.

Section 400.9-620 - Acceptance of collateral in full or partial satisfaction of obligation — compulsory disposition of collateral.

Section 400.9-621 - Notification of proposal to accept collateral.

Section 400.9-622 - Effect of acceptance of collateral.

Section 400.9-623 - Right to redeem collateral.

Section 400.9-624 - Waiver.

Section 400.9-625 - Remedies for secured party's failure to comply with article.

Section 400.9-626 - Action in which deficiency or surplus is in issue.

Section 400.9-627 - Determination of whether conduct was commercially reasonable.

Section 400.9-628 - Nonliability and limitation on liability of secured party — liability of secondary obligor.

Section 400.9-701 - Definition of this act.

Section 400.9-702 - Savings clause.

Section 400.9-703 - Security interest perfected before effective date.

Section 400.9-704 - Security interest unperfected before effective date.

Section 400.9-705 - Effectiveness of action taken before effective date.

Section 400.9-706 - When initial financing statement suffices to continue effectiveness of financing statement.

Section 400.9-707 - Amendment of pre-effective-date financing statement.

Section 400.9-708 - Persons entitled to file initial financing statement or continuation statement.

Section 400.9-709 - Priority.

Section 400.9-710 - Local filing office to maintain former article 9 records.

Section 400.9-801 - This act reference.

Section 400.9-802 - Savings clause.

Section 400.9-803 - Security interest perfected before effective date.

Section 400.9-804 - Security interest unperfected before effective date.

Section 400.9-805 - Effectiveness of action taken before effective date.

Section 400.9-806 - When initial financing statement suffices to continue effectiveness of financing statement.

Section 400.9-807 - Amendment of pre-effective-date financing statement.

Section 400.9-808 - Person entitled to file initial financing statement or continuation statement.

Section 400.9-809 - Priority.

Section 400.10-101 - Provision for transition.

Section 400.10-102 - Laws not repealed.

Section 400.11-103 - General rule, transactions before and after code changes.

Section 400.11-104 - Requirement of filing, transitional provision.

Section 400.11-105 - Place of filing, transitional provision.

Section 400.11-106 - Required refilings.

Section 400.11-107 - Priorities, transitional provision.

Section 400.11-108 - Interpretation of chapter.