New Jersey Revised Statutes
Title 12A - Commercial Transactions
Section 12A:9-340 - Effectiveness of right of recoupment or set-off against deposit account.

12A:9-340 Effectiveness of right of recoupment or set-off against deposit account.
12A:9-340. Effectiveness of Right of Recoupment or Set-off Against Deposit Account.
(a) Exercise of recoupment or set-off. Except as otherwise provided in subsection (c), a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.
(b) Recoupment or set-off not affected by security interest. Except as otherwise provided in subsection (c), the application of this chapter to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.
(c) When set-off ineffective. The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account which is perfected by control under 12A:9-104 (a) (3), if the set-off is based on a claim against the debtor.
L.2001, c.117, s.1; amended 2001, c.386, s.55.

Structure New Jersey Revised Statutes

New Jersey Revised Statutes

Title 12A - Commercial Transactions

Section 12A:1-101 - Short titles.

Section 12A:1-102 - Scope of chapter.

Section 12A:1-103 - Construction of the Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law.

Section 12A:1-104 - Construction against implied repeal.

Section 12A:1-105 - Severability.

Section 12A:1-106 - Use of singular and plural; gender.

Section 12A:1-107 - Section captions.

Section 12A:1-108 - Relation to electronic signatures in Global and National Commerce Act.

Section 12A:1-201 - General definitions.

Section 12A:1-202 - Notice; knowledge.

Section 12A:1-203 - Lease distinguished from security interest.

Section 12A:1-204 - Value.

Section 12A:1-205 - Reasonable time; seasonableness.

Section 12A:1-206 - Presumptions.

Section 12A:1-301 - Territorial applicability; parties' power to choose applicable law.

Section 12A:1-302 - Variation by agreement.

Section 12A:1-303 - Course of performance, course of dealing, and usage of trade.

Section 12A:1-304 - Obligation of good faith.

Section 12A:1-305 - Remedies to be liberally administered.

Section 12A:1-306 - Waiver of renunciation of claim or right after breach.

Section 12A:1-307 - Prima facie evidence by third party documents.

Section 12A:1-308 - Performance or acceptance under reservation of rights.

Section 12A:2-101 - Short title

Section 12A:2-102 - Scope; certain security and other transactions excluded from this chapter

Section 12A:2-103 - Definitions and index of definitions.

Section 12A:2-104 - Definitions: "merchant" ; "between merchants" ; "financing agency"

Section 12A:2-105 - Definitions: transferability; "goods" ; "future" goods; "lot" ; "commercial unit"

Section 12A:2-106 - Definitions: "contract" ; "agreement" ; "contract for sale" ; "sale" ; "present sale" ; "conforming" to contract; "termination" ; "cancellation"

Section 12A:2-107 - Goods to be severed from realty: recording

Section 12A:2-201 - Formal requirements; statute of frauds

Section 12A:2-202 - Final written expression: parol or extrinsic evidence

Section 12A:2-203 - Seals inoperative

Section 12A:2-204 - Formation in general

Section 12A:2-205 - Firm offers

Section 12A:2-206 - Offer and acceptance in formation of contract

Section 12A:2-207 - Additional terms in acceptance or confirmation

Section 12A:2-208 - Course of performance or practical construction

Section 12A:2-209 - Modification, rescission and waiver

Section 12A:2-210 - Delegation of performance; assignment of rights

Section 12A:2-301 - General obligations of parties

Section 12A:2-302 - Unconscionable contract or clause

Section 12A:2-303 - Allocation or division of risks

Section 12A:2-304 - Price payable in money, goods, realty, or otherwise

Section 12A:2-305 - Open price term

Section 12A:2-306 - Output, requirements and exclusive dealings

Section 12A:2-307 - Delivery in single lot or several lots

Section 12A:2-308 - Absence of specified place for delivery

Section 12A:2-309 - Absence of specific time provisions; notice of termination.

Section 12A:2-310 - Open time for payment or running of credit; authority to ship under reservation.

Section 12A:2-311 - Options and cooperation respecting performance

Section 12A:2-312 - Warranty of title and against infringement; buyer's obligation against infringement

Section 12A:2-313 - Express warranties by affirmation, promise, description, sample

Section 12A:2-313.1 - Consumer goods product; warranties of 90 days or less; computation of time

Section 12A:2-313.2 - Consumer goods product; defined

Section 12A:2-314 - Implied warranty: merchantability; usage of trade

Section 12A:2-315 - Implied warranty: fitness for particular purpose

Section 12A:2-316 - Exclusion or modification of warranties

Section 12A:2-317 - Cumulation and conflict of warranties express or implied

Section 12A:2-318 - Third party beneficiaries of warranties express or implied

Section 12A:2-319 - F.O.B. and F.A.S. terms

Section 12A:2-320 - C.I.F. and C. & F. terms

Section 12A:2-321 - C.I.F. or C. & F.: "net landed weights" ; "payment on arrival" ; warranty of condition on arrival

Section 12A:2-322 - Delivery "ex-ship"

Section 12A:2-323 - Form of bill of lading required in overseas shipment; "overseas."

Section 12A:2-324 - "No arrival, no sale" term

Section 12A:2-325 - "Letter of credit" term; "confirmed credit"

Section 12A:2-326 - Sale on approval and sale or return; rights of creditors

Section 12A:2-327 - Special incidents of sale on approval and sale or return

Section 12A:2-328 - Sale by auction

Section 12A:2-329 - Short title

Section 12A:2-330 - Definitions

Section 12A:2-331 - Terms of consignment

Section 12A:2-332 - Protection of consignor from creditors of consignee

Section 12A:2-333 - Consignments protected from creditors

Section 12A:2-334 - Consignment agreement

Section 12A:2-335 - Civil liability of consignee

Section 12A:2-336 - Waiver of rights of consignor

Section 12A:2-401 - Passing of title; reservation for security; limited application of this section.

Section 12A:2-402 - Rights of seller's creditors against sold goods

Section 12A:2-403 - Power to transfer; good faith purchase of goods; "entrusting"

Section 12A:2-501 - Insurable interest in goods; manner of identification of goods

Section 12A:2-502 - Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency

Section 12A:2-503 - Manner of seller's tender of delivery.

Section 12A:2-504 - Shipment by seller

Section 12A:2-505 - Seller's shipment under reservation.

Section 12A:2-506 - Rights of financing agency.

Section 12A:2-507 - Effect of seller's tender; delivery on condition

Section 12A:2-508 - Cure by seller of improper tender or delivery; replacement

Section 12A:2-509 - Risk of loss in the absence of breach.

Section 12A:2-510 - Effect of breach on risk of loss

Section 12A:2-511 - Tender of payment by buyer; payment by check.

Section 12A:2-512 - Payment by buyer before inspection; exceptions.

Section 12A:2-513 - Buyer's right to inspection of goods

Section 12A:2-514 - When documents deliverable on acceptance; when on payment

Section 12A:2-515 - Preserving evidence of goods in dispute

Section 12A:2-601 - Buyer's rights on improper delivery

Section 12A:2-602 - Manner and effect of rightful rejection

Section 12A:2-603 - Merchant buyer's duties as to rightfully rejected goods

Section 12A:2-604 - Buyer's options as to salvage of rightfully rejected goods

Section 12A:2-605 - Waiver of buyer's objections by failure to particularize.

Section 12A:2-606 - What constitutes acceptance of goods

Section 12A:2-607 - Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over

Section 12A:2-608 - Revocation of acceptance in whole or in part

Section 12A:2-609 - Right to adequate assurance of performance

Section 12A:2-610 - Anticipatory repudiation

Section 12A:2-611 - Retraction of anticipatory repudiation

Section 12A:2-612 - "Installment contract" ; breach

Section 12A:2-613 - Casualty to identified goods

Section 12A:2-614 - Substituted performance

Section 12A:2-615 - Excuse by failure of presupposed conditions

Section 12A:2-616 - Procedure on notice claiming excuse

Section 12A:2-701 - Remedies for breach of collateral contracts not impaired

Section 12A:2-702 - Seller's remedies on discovery of buyer's insolvency

Section 12A:2-703 - Seller's remedies in general

Section 12A:2-704 - Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods

Section 12A:2-705 - Seller's stoppage of delivery in transit or otherwise.

Section 12A:2-706 - Seller's resale including contract for resale

Section 12A:2-707 - "Person in the position of a seller"

Section 12A:2-708 - Seller's damages for non-acceptance or repudiation

Section 12A:2-709 - Action for the price

Section 12A:2-710 - Seller's incidental damages

Section 12A:2-711 - Buyer's remedies in general; buyer's security interest in rejected goods

Section 12A:2-712 - "Cover" ; buyer's procurement of substitute goods

Section 12A:2-713 - Buyer's damages for non-delivery or repudiation

Section 12A:2-714 - Buyer's damages for breach in regard to accepted goods

Section 12A:2-715 - Buyer's incidental and consequential damages

Section 12A:2-716 - Buyer's right to specific performance or replevin

Section 12A:2-717 - Deduction of damages from the price

Section 12A:2-718 - Liquidation or limitation of damages; deposits

Section 12A:2-719 - Contractual modification or limitation of remedy

Section 12A:2-720 - Effect of "cancellation" or "rescission" on claims for antecedent breach

Section 12A:2-721 - Remedies for fraud

Section 12A:2-722 - Who can sue third parties for injury to goods

Section 12A:2-723 - Proof of market price: time and place

Section 12A:2-724 - Admissibility of market quotations

Section 12A:2-725 - Statute of limitations in contracts for sale

Section 12A:2A-101 - Short title

Section 12A:2A-102 - Scope

Section 12A:2A-103 - Definitions and index of definitions.

Section 12A:2A-104 - Leases subject to other law

Section 12A:2A-105 - Territorial application of chapter to goods covered by certificate of title

Section 12A:2A-106 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum

Section 12A:2A-107 - Waiver or renunciation of claim or right after default

Section 12A:2A-108 - Unconscionability

Section 12A:2A-109 - Option to accelerate at will

Section 12A:2A-201 - Statute of frauds

Section 12A:2A-202 - Final written expression: parol or extrinsic evidence

Section 12A:2A-203 - Seals inoperative

Section 12A:2A-204 - Formation in general

Section 12A:2A-205 - Firm offers

Section 12A:2A-206 - Offer and acceptance in formation of lease contract

Section 12A:2A-207 - Course of performance or practical construction

Section 12A:2A-208 - Modification, rescission and waiver

Section 12A:2A-209 - Lessee under finance lease as beneficiary of supply contract

Section 12A:2A-210 - Express warranties

Section 12A:2A-211 - Warranties against interference and against infringement; lessee's obligation against infringement

Section 12A:2A-212 - Implied warranty of merchantability

Section 12A:2A-213 - Implied warranty of fitness for particular purpose

Section 12A:2A-214 - Exclusion or modification of warranties

Section 12A:2A-215 - Cumulation and conflict of warranties express or implied

Section 12A:2A-216 - Third-party beneficiaries of express and implied warranties

Section 12A:2A-217 - Identification

Section 12A:2A-218 - Insurance and proceeds

Section 12A:2A-219 - Risk of loss

Section 12A:2A-220 - Effect of default on risk of loss

Section 12A:2A-221 - Casualty to identified goods

Section 12A:2A-301 - Enforceability of lease contract

Section 12A:2A-302 - Title to and possession of goods

Section 12A: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 12A:2A-304 - Subsequent lease of goods by lessor

Section 12A:2A-305 - Sale or sublease of goods by lessee

Section 12A:2A-306 - Priority of certain liens arising by operation of law

Section 12A:2A-307 - Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

Section 12A:2A-308 - Special rights of creditors

Section 12A:2A-309 - Lessor's and lessee's rights when goods become fixtures

Section 12A:2A-310 - Lessor's and lessee's rights when goods become accessions

Section 12A:2A-311 - Priority subject to subordination

Section 12A:2A-401 - Insecurity: adequate assurance of performance

Section 12A:2A-402 - Anticipatory repudiation

Section 12A:2A-403 - Retraction of anticipatory repudiation

Section 12A:2A-404 - Substituted performance

Section 12A:2A-405 - Excused performance

Section 12A:2A-406 - Procedure on excused performance

Section 12A:2A-407 - Irrevocable promises: finance leases

Section 12A:2A-501 - Default: procedure

Section 12A:2A-502 - Notice after default

Section 12A:2A-503 - Modification or impairment of rights and remedies

Section 12A:2A-504 - Liquidation of damages

Section 12A:2A-505 - Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies

Section 12A:2A-506 - Statute of limitations

Section 12A:2A-507 - Proof of market rent: time and place

Section 12A:2A-508 - Lessee's remedies

Section 12A:2A-509 - Lessee's rights on improper delivery; rightful rejection

Section 12A:2A-510 - Installment lease contracts: rejection and default

Section 12A:2A-511 - Merchant lessee's duties as to rightfully rejected goods

Section 12A:2A-512 - Lessee's duties as to rightfully rejected goods

Section 12A:2A-513 - Cure by lessor of improper tender or delivery; replacement

Section 12A:2A-514 - Waiver of lessee's objections.

Section 12A:2A-515 - Acceptance of goods

Section 12A: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 12A:2A-517 - Revocation of acceptance of goods

Section 12A:2A-518 - Cover; substitute goods

Section 12A:2A-519 - Lessee's damages for non-delivery, repudiation, default, and breach of warranty in regard to accepted goods

Section 12A:2A-520 - Lessee's incidental and consequential damages

Section 12A:2A-521 - Lessee's right to specific performance or replevin

Section 12A:2A-522 - Lessee's right to goods on lessor's insolvency

Section 12A:2A-523 - Lessor's remedies

Section 12A:2A-524 - Lessor's right to identify goods to lease contract

Section 12A:2A-525 - Lessor's right to possession of goods

Section 12A:2A-526 - Lessor's stoppage of delivery in transit or otherwise.

Section 12A:2A-527 - Lessor's rights to dispose of goods

Section 12A:2A-528 - Lessor's damages for nonacceptance, failure to pay, repudiation, or other default

Section 12A:2A-529 - Lessor's action for the rent

Section 12A:2A-530 - Lessor's incidental damages

Section 12A:2A-531 - Standing to sue third parties for injury to goods

Section 12A:2A-532 - Lessor's rights to residual interest

Section 12A:3-101 - Short title

Section 12A:3-102 - Subject matter

Section 12A:3-103 - Definitions

Section 12A:3-104 - Negotiable instrument

Section 12A:3-105 - Issue of instrument

Section 12A:3-106 - Unconditional promise or order

Section 12A:3-107 - Instrument payable in foreign money

Section 12A:3-108 - Payable on demand or at definite time

Section 12A:3-109 - Payable to bearer or to order

Section 12A:3-110 - Identification of person to whom instrument is payable

Section 12A:3-111 - Place of payment.

Section 12A:3-112 - Interest

Section 12A:3-113 - Date of instrument

Section 12A:3-114 - Contradictory terms of instrument

Section 12A:3-115 - Incomplete instrument

Section 12A:3-116 - Joint and several liability; contribution

Section 12A:3-117 - Other agreements affecting instrument

Section 12A:3-118 - Statute of limitations

Section 12A:3-119 - Notice of right to defend action

Section 12A:3-201 - Negotiation

Section 12A:3-202 - Negotiation subject to rescission

Section 12A:3-203 - Transfer of instrument; rights acquired by transfer

Section 12A:3-204 - Indorsement

Section 12A:3-205 - Special indorsement; blank indorsement; anomalous indorsement

Section 12A:3-206 - Restrictive indorsement

Section 12A:3-207 - Reacquisition

Section 12A:3-301 - Person entitled to enforce instrument

Section 12A:3-302 - Holder in due course

Section 12A:3-303 - Value and consideration

Section 12A:3-304 - Overdue instrument

Section 12A:3-305 - Defenses and claims in recoupment

Section 12A:3-306 - Claims to an instrument

Section 12A:3-307 - Notice of breach of fiduciary duty

Section 12A:3-308 - Proof of signatures and status as holder in due course.

Section 12A:3-309 - Enforcement of lost, destroyed, or stolen instrument

Section 12A:3-310 - Effect of instrument on obligation for which taken

Section 12A:3-311 - Accord and satisfaction by use of instrument

Section 12A:3-312 - Lost, destroyed, or stolen cashier's check, teller's check or certified check

Section 12A:3-401 - Signature

Section 12A:3-402 - Signature by representative

Section 12A:3-403 - Unauthorized signature

Section 12A:3-404 - Impostors; fictitious payees

Section 12A:3-405 - Employer's responsibility for fraudulent indorsement by employee

Section 12A:3-406 - Negligence contributing to forged signature or alteration of instrument

Section 12A:3-407 - Alteration

Section 12A:3-408 - Drawee not liable on unaccepted draft

Section 12A:3-409 - Acceptance of draft; certified check

Section 12A:3-410 - Acceptance varying draft

Section 12A:3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks

Section 12A:3-412 - Obligation of issuer of note or cashier's check

Section 12A:3-413 - Obligation of acceptor

Section 12A:3-414 - Obligation of drawer

Section 12A:3-415 - Obligation of indorser

Section 12A:3-416 - Transfer warranties

Section 12A:3-417 - Presentment warranties

Section 12A:3-418 - Payment or acceptance by mistake

Section 12A:3-419 - Instruments signed for accommodation

Section 12A:3-420 - Conversion of instrument

Section 12A:3-501 - Presentment

Section 12A:3-502 - Dishonor

Section 12A:3-503 - Notice of dishonor

Section 12A:3-504 - Excused presentment and notice of dishonor

Section 12A:3-505 - Evidence of dishonor

Section 12A:3-601 - Discharge and effect of discharge

Section 12A:3-602 - Payment

Section 12A:3-603 - Tender of payment

Section 12A:3-604 - Discharge by cancellation or renunciation

Section 12A:3-605 - Discharge of indorsers and accommodation parties

Section 12A:4-101 - Short title

Section 12A:4-102 - Applicability

Section 12A:4-103 - Variation by agreement; measure of damages; action constituting ordinary care

Section 12A:4-104 - Definitions and index of definitions.

Section 12A:4-105 - "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"

Section 12A:4-106 - Payable through or payable at bank; collecting bank

Section 12A:4-107 - Separate office of bank

Section 12A:4-108 - Time of receipt of items

Section 12A:4-109 - Delays

Section 12A:4-110 - Electronic presentment

Section 12A:4-111 - Statute of limitations

Section 12A:4-201 - Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed "pay any bank"

Section 12A:4-202 - Responsibility for collection or return; when action is timely

Section 12A:4-203 - Effect of instructions

Section 12A:4-204 - Methods of sending and presenting; sending directly to payor bank

Section 12A:4-205 - Depositary bank holder of unindorsed item

Section 12A:4-206 - Transfer between banks

Section 12A:4-207 - Transfer warranties

Section 12A:4-208 - Presentment warranties

Section 12A:4-209 - Encoding and retention warranties

Section 12A:4-210 - Security interest of collecting bank in items, accompanying documents and proceeds.

Section 12A:4-211 - When bank gives value for purposes of holder in due course

Section 12A:4-212 - Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser

Section 12A:4-213 - Medium and time of settlement by bank

Section 12A:4-214 - Right of charge-back or refund; liability of collecting bank; return of item

Section 12A:4-215 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal

Section 12A:4-216 - Insolvency and preference

Section 12A:4-301 - Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank

Section 12A:4-302 - Payor bank's responsibility for late return of item

Section 12A:4-303 - When items are subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified

Section 12A:4-401 - When bank may charge customer's account

Section 12A:4-402 - Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account

Section 12A:4-403 - Customer's right to stop payment; burden of proof of loss

Section 12A:4-404 - Bank not obliged to pay check more than six months old

Section 12A:4-405 - Death or incompetence of customer

Section 12A:4-406 - Customer's duty to discover and report unauthorized signature or alteration

Section 12A:4-407 - Payor bank's right to subrogation on improper payment

Section 12A:4-501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

Section 12A:4-502 - Presentment of "on arrival" drafts

Section 12A:4-503 - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need

Section 12A:4-504 - Privilege of presenting bank to deal with goods; security interest for expenses

Section 12A:4A-101 - Short title

Section 12A:4A-102 - Subject matter

Section 12A:4A-103 - Payment order - definitions

Section 12A:4A-104 - Funds transfer - definitions

Section 12A:4A-105 - Other definitions

Section 12A:4A-106 - Time payment order is received

Section 12A:4A-107 - Federal Reserve regulations and operating circulars

Section 12A:4A-108 - Relationship to electronic fund transfer act.

Section 12A:4A-201 - Security procedure

Section 12A:4A-202 - Authorized and verified payment orders

Section 12A:4A-203 - Unenforceability of certain verified payment orders

Section 12A:4A-204 - Refund of payment and duty of customer to report with respect to unauthorized payment order

Section 12A:4A-205 - Erroneous payment orders

Section 12A:4A-206 - Transmission of payment order through funds-transfer or other communication system

Section 12A:4A-207 - Misdescription of beneficiary

Section 12A:4A-208 - Misdescription of intermediary bank or beneficiary's bank

Section 12A:4A-209 - Acceptance of payment order

Section 12A:4A-210 - Rejection of payment order

Section 12A:4A-211 - Cancellation and amendment of payment order

Section 12A:4A-212 - Liability and duty of receiving bank regarding unaccepted payment order

Section 12A:4A-301 - Execution and execution date

Section 12A:4A-302 - Obligations of receiving bank in execution of payment order

Section 12A:4A-303 - Erroneous execution of payment order

Section 12A:4A-304 - Duty of sender to report erroneously executed payment order

Section 12A:4A-305 - Liability for late or improper execution or failure to execute payment order

Section 12A:4A-401 - Payment date

Section 12A:4A-402 - Obligation of sender to pay receiving bank

Section 12A:4A-403 - Payment by sender to receiving bank

Section 12A:4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary

Section 12A:4A-405 - Payment by beneficiary's bank to beneficiary

Section 12A:4A-406 - Payment by originator to beneficiary; discharge of underlying obligation

Section 12A:4A-501 - Variation by agreement and effect of funds-transfer system rule

Section 12A:4A-502 - Creditor process served on receiving bank; set-off by beneficiary's bank

Section 12A:4A-503 - Injunction or restraining order with respect to funds transfer

Section 12A:4A-504 - Order in which items and payment orders may be charged to account; order of withdrawals from account

Section 12A:4A-505 - Preclusion of objection to debit of customer's account

Section 12A:4A-506 - Rate of interest

Section 12A:4A-507 - Choice of law

Section 12A:5-101 - Short title.

Section 12A:5-102 - Definitions.

Section 12A:5-103 - Scope.

Section 12A:5-104 - Formal requirements.

Section 12A:5-105 - Consideration.

Section 12A:5-106 - Issuance, amendment, cancellation, and duration.

Section 12A:5-107 - Confirmer, nominated person, and adviser.

Section 12A:5-108 - Issuer's rights and obligations.

Section 12A:5-109 - Fraud and forgery.

Section 12A:5-110 - Warranties.

Section 12A:5-111 - Remedies.

Section 12A:5-112 - Transfer of letter of credit.

Section 12A:5-113 - Transfer by operation of law.

Section 12A:5-114 - Assignment of proceeds.

Section 12A:5-115 - Statute of limitations.

Section 12A:5-116 - Choice of law and forum.

Section 12A:5-117 - Subrogation of issuer, applicant, and nominated person.

Section 12A:5-118 - Security interest of issuer or nominated person

Section 12A:7-101 - Short title.

Section 12A:7-102 - Definitions and index of definitions.

Section 12A:7-103 - Relation of chapter to treaty or statute.

Section 12A:7-104 - Negotiable and nonnegotiable document of title

Section 12A:7-105 - Reissuance in alternative medium.

Section 12A:7-106 - Control of electronic document of title.

Section 12A:7-201 - Person that may issue a warehouse receipt; storage under bond.

Section 12A:7-202 - Form of warehouse receipt; effect of omission.

Section 12A:7-203 - Liability for nonreceipt or misdescription.

Section 12A:7-204 - Duty of care; contractual limitation of warehouse's liability.

Section 12A:7-205 - Title under warehouse receipt defeated in certain cases.

Section 12A:7-206 - Termination of storage at warehouse's option.

Section 12A:7-207 - Goods must be kept separate; fungible goods.

Section 12A:7-208 - Altered warehouse receipts.

Section 12A:7-209 - Lien of warehouse.

Section 12A:7-210 - Enforcement of warehouse's lien.

Section 12A:7-301 - Liability for nonreceipt or misdescription; "said to contain;" "shipper's weight, load, and count;" improper handling.

Section 12A:7-302 - Through bills of lading and similar documents of title.

Section 12A:7-303 - Diversion; reconsignment; change of instructions.

Section 12A:7-304 - Tangible bills of lading in a set.

Section 12A:7-305 - Destination bills.

Section 12A:7-306 - Altered bills of lading.

Section 12A:7-307 - Lien of carrier.

Section 12A:7-308 - Enforcement of carrier's lien.

Section 12A:7-309 - Duty of care; contractual limitation of carrier's liability.

Section 12A:7-401 - Irregularities in issue of receipt or bill or conduct of issuer.

Section 12A:7-402 - Duplicate document of title; overissue.

Section 12A:7-403 - Obligation of bailee to deliver; excuse.

Section 12A:7-404 - No liability For good-faith delivery pursuant to document of title.

Section 12A:7-501 - Form of negotiation and requirements of due negotiation.

Section 12A:7-502 - Rights acquired by due negotiation.

Section 12A:7-503 - Document of title to goods defeated in certain cases.

Section 12A:7-504 - Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery.

Section 12A:7-505 - Indorser not guarantor for other parties.

Section 12A:7-506 - Delivery without indorsement: right to compel indorsement.

Section 12A:7-507 - Warranties on negotiation or delivery of document of title.

Section 12A:7-508 - Warranties of collecting bank as to documents of title.

Section 12A:7-509 - Adequate compliance with commercial contract.

Section 12A:7-601 - Lost, stolen, or destroyed documents of title.

Section 12A:7-602 - Judicial process against goods covered by negotiable document of title.

Section 12A:7-603 - Conflicting claims; interpleader.

Section 12A:7-701 - Applicability.

Section 12A:8-101 - Short Title.

Section 12A:8-102 - Definitions.

Section 12A:8-103 - Rule for determining whether certain obligations and interests are securities or financial assets.

Section 12A:8-104 - Acquisition of Security or Financial Asset or Interest Therein.

Section 12A:8-105 - Notice of Adverse Claim.

Section 12A:8-106 - Control

Section 12A:8-107 - Whether Indorsement, Instruction, or Entitlement Order is Effective.

Section 12A:8-108 - Warranties in Direct Holding.

Section 12A:8-109 - Warranties in Indirect Holding.

Section 12A:8-110 - Applicability; choice of law.

Section 12A:8-111 - Clearing Corporation Rules.

Section 12A:8-112 - Creditor's Legal Process.

Section 12A:8-113 - Statute of Frauds Inapplicable.

Section 12A:8-114 - Evidentiary Rules Concerning Certificated Securities.

Section 12A:8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant.

Section 12A:8-116 - Securities Intermediary as Purchaser for Value.

Section 12A:8-201 - Issuer.

Section 12A:8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense.

Section 12A:8-203 - Staleness as Notice of Defect or Defense.

Section 12A:8-204 - Effect of Issuer's Restriction on Transfer.

Section 12A:8-205 - Effect of Unauthorized Signature on Security Certificate.

Section 12A:8-206 - Completion or Alteration of Security Certificate.

Section 12A:8-207 - Rights and Duties of Issuer with Respect to Registered Owners.

Section 12A:8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.

Section 12A:8-209 - Issuer's Lien.

Section 12A:8-210 - Overissue.

Section 12A:8-301 - Delivery

Section 12A:8-302 - Rights of purchaser

Section 12A:8-303 - Protected Purchaser.

Section 12A:8-304 - Indorsement.

Section 12A:8-305 - Instruction.

Section 12A:8-306 - Effect of Guaranteeing Signature, Indorsement, or Instruction.

Section 12A:8-307 - Purchaser's Right to Requisites for Registration of Transfer.

Section 12A:8-401 - Duty of Issuer to Register Transfer.

Section 12A:8-402 - Assurance that Indorsement or Instruction is Effective.

Section 12A:8-403 - Demand That Issuer Not Register Transfer.

Section 12A:8-404 - Wrongful Registration.

Section 12A:8-405 - Replacement of Lost, Destroyed, or Wrongfully Taken Security.

Section 12A:8-406 - Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate.

Section 12A:8-407 - Authenticating Trustee, Transfer Agent, and Registrar.

Section 12A:8-501 - Securities Account; Acquisition of Security Entitlement from Securities Intermediary.

Section 12A:8-502 - Assertion of Adverse Claim Against Entitlement Holder.

Section 12A:8-503 - Property Interest of Entitlement Holder in Financial Asset held by Securities Intermediary.

Section 12A:8-504 - Duty of Securities Intermediary to Maintain Financial Asset.

Section 12A:8-505 - Duty of Securities Intermediary with Respect to Payments and Distributions.

Section 12A:8-506 - Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder.

Section 12A:8-507 - Duty of Securities Intermediary to Comply with Entitlement Order.

Section 12A:8-508 - Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding.

Section 12A: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 12A:8-510 - Rights of purchaser of security entitlement from entitlement holder.

Section 12A:8-511 - Priority among Security Interests and Entitlement Holders.

Section 12A:8-601 - Savings Clause.

Section 12A:9-101 - Short title

Section 12A:9-102 - Definitions and index of definitions.

Section 12A:9-103 - Purchase-money security interest; application of payments; burden of establishing.

Section 12A:9-104 - Control of deposit account.

Section 12A:9-105 - Control of electronic chattel paper.

Section 12A:9-106 - Control of investment property.

Section 12A:9-107 - Control of letter-of-credit right

Section 12A:9-108 - Sufficiency of description.

Section 12A:9-109 - Scope.

Section 12A:9-110 - Security interests arising under Chapter 2 or 2A

Section 12A:9-201 - General effectiveness of security agreement.

Section 12A:9-202 - Title to collateral immaterial

Section 12A:9-203 - Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.

Section 12A:9-204 - After-acquired property, future advances.

Section 12A:9-205 - Use or disposition of collateral permissible.

Section 12A:9-206 - Security interest arising in purchase or delivery of financial asset.

Section 12A:9-207 - Rights and duties of secured party having possession or control of collateral.

Section 12A:9-208 - Additional duties of secured party having control of collateral.

Section 12A:9-209 - Duties of secured party if account debtor has been notified of assignment.

Section 12A:9-210 - Request for accounting; request regarding list of collateral or statement of account.

Section 12A:9-301 - Law governing perfection and priority of security interests.

Section 12A:9-302 - Law governing perfection and priority of agricultural liens

Section 12A:9-303 - Law governing perfection and priority of security interests in goods covered by a certificate of title.

Section 12A:9-304 - Law governing perfection and priority of security interests in deposit accounts.

Section 12A:9-305 - Law governing perfection and priority of security interests in investment property.

Section 12A:9-306 - Law governing perfection and priority of security interests in letter-of-credit rights.

Section 12A:9-307 - Location of debtor.

Section 12A:9-308 - When security interest or agricultural lien is perfected; continuity of perfection.

Section 12A:9-309 - Security interest perfected upon attachment.

Section 12A: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 12A:9-311 - Perfection of security interests in property subject to certain statutes, regulations, and treaties.

Section 12A: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 perfectio...

Section 12A:9-313 - When possession by or delivery to secured party perfects security interest without filing.

Section 12A:9-314 - Perfection by control.

Section 12A:9-315 - Secured party's rights on disposition of collateral and in proceeds.

Section 12A:9-316 - Effect of change in governing law.

Section 12A:9-317 - Interests that take priority over or take free of security interest or agricultural lien.

Section 12A: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 12A:9-319 - Rights and title of consignee with respect to creditors and purchasers.

Section 12A:9-320 - Buyer of goods.

Section 12A:9-321 - Licensee of general intangible and lessee of goods in ordinary course of business.

Section 12A:9-322 - Priorities among conflicting security interests in and agricultural liens on same collateral.

Section 12A:9-323 - Future advances.

Section 12A:9-324 - Priority of purchase-money security interests.

Section 12A:9-325 - Priority of security interests in transferred collateral.

Section 12A:9-326 - Priority of security interests created by new debtor.

Section 12A:9-327 - Priority of security interests in deposit account.

Section 12A:9-328 - Priority of security interests in investment property.

Section 12A:9-329 - Priority of security interests in letter-of-credit right.

Section 12A:9-330 - Priority of purchaser of chattel paper or instrument.

Section 12A:9-331 - Priority of rights of purchasers of instruments, documents, and securities under other chapters; priority of interests in financial assets and security entitlements under chapter 8.

Section 12A:9-332 - Transfer of money; transfer of funds from deposit account.

Section 12A:9-333 - Priority of certain liens arising by operation of law.

Section 12A:9-334 - Priority of security interests in fixtures and crops.

Section 12A:9-335 - Accessions.

Section 12A:9-336 - Commingled goods.

Section 12A:9-337 - Priority of security interests in goods covered by certificate of title.

Section 12A:9-338 - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.

Section 12A:9-339 - Priority subject to subordination

Section 12A:9-340 - Effectiveness of right of recoupment or set-off against deposit account.

Section 12A:9-341 - Bank's Rights and Duties with Respect to Deposit Account.

Section 12A:9-342 - Bank's right to refuse to enter into or disclose existence of control agreement.

Section 12A:9-401 - Alienability of debtor's rights.

Section 12A:9-402 - Secured party not obligated on contract of debtor or in tort

Section 12A:9-403 - Agreement not to assert defenses against assignee.

Section 12A:9-404 - Rights acquired by assignee; claims and defenses against assignee.

Section 12A:9-405 - Modification of assigned contract.

Section 12A: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 12A:9-407 - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.

Section 12A:9-408 - Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective.

Section 12A:9-409 - Restrictions on assignment of letter-of-credit rights ineffective.

Section 12A:9-501 - Filing office.

Section 12A:9-502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

Section 12A:9-503 - Name of debtor and secured party.

Section 12A:9-504 - Indication of collateral.

Section 12A:9-505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

Section 12A:9-506 - Effect of errors or omissions.

Section 12A:9-507 - Effect of certain events on effectiveness of financing statement.

Section 12A:9-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.

Section 12A:9-509 - Persons entitled to file record.

Section 12A:9-510 - Effectiveness of filed record.

Section 12A:9-511 - Secured party of record.

Section 12A:9-512 - Amendment of financing statement.

Section 12A:9-513 - Termination statement.

Section 12A:9-514 - Assignment of powers of secured party of record.

Section 12A:9-515 - Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement.

Section 12A:9-516 - What constitutes filing; effectiveness of filing.

Section 12A:9-517 - Effect of indexing errors

Section 12A:9-518 - Claim concerning inaccurate or wrongfully filed record.

Section 12A:9-519 - Numbering, maintaining, and indexing records; communicating information provided in records.

Section 12A:9-520 - Acceptance and refusal to accept record.

Section 12A:9-521 - Uniform form of written financing statement and amendment.

Section 12A:9-522 - Maintenance and destruction of records.

Section 12A:9-523 - Information from filing office; sale or license of records.

Section 12A:9-524 - Delay by filing office.

Section 12A:9-525 - Fees.

Section 12A:9-526 - Filing-office rules.

Section 12A:9-601 - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.

Section 12A:9-602 - Waiver and variance of rights and duties.

Section 12A:9-603 - Agreement on standards concerning rights and duties.

Section 12A:9-604 - Procedure if security agreement covers real property or fixtures.

Section 12A:9-605 - Unknown debtor or secondary obligor.

Section 12A:9-606 - Time of default for agricultural lien

Section 12A:9-607 - Collection and enforcement by secured party.

Section 12A:9-608 - Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.

Section 12A:9-609 - Secured party's right to take possession after default.

Section 12A:9-610 - Disposition of collateral after default.

Section 12A:9-611 - Notification before disposition of collateral.

Section 12A:9-612 - Timeliness of notification before disposition of collateral.

Section 12A:9-613 - Contents and form of notification before disposition of collateral: general.

Section 12A:9-614 - Contents and form of notification before disposition of collateral: consumer-goods transaction.

Section 12A:9-615 - Application of proceeds of disposition; liability for deficiency and right to surplus.

Section 12A:9-616 - Explanation of calculation of surplus or deficiency.

Section 12A:9-617 - Rights of transferee of collateral.

Section 12A:9-618 - Rights and duties of certain secondary obligors.

Section 12A:9-619 - Transfer of record or legal title.

Section 12A:9-620 - Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.

Section 12A:9-621 - Notification of proposal to accept collateral.

Section 12A:9-622 - Effect of acceptance of collateral.

Section 12A:9-623 - Right to redeem collateral.

Section 12A:9-624 - Waiver.

Section 12A:9-625 - Remedies for secured party's failure to comply with chapter.

Section 12A:9-626 - Action in which deficiency or surplus is in issue.

Section 12A:9-627 - Determination of whether conduct was commercially reasonable.

Section 12A:9-628 - Nonliability and limitation on liability of secured party; liability of secondary obligor.

Section 12A:9-701 - Effective date.

Section 12A:9-702 - Savings clause.

Section 12A:9-703 - Security interest perfected before effective date.

Section 12A:9-704 - Security interest unperfected before effective date.

Section 12A:9-705 - Effectiveness of action taken before effective date.

Section 12A:9-706 - When initial financing statement suffices to continue effectiveness of financing statement.

Section 12A:9-707 - Amendment of pre-effective-date financing statement.

Section 12A:9-708 - Persons entitled to file initial financing statement or continuation statement.

Section 12A:9-709 - Priority.

Section 12A:9-710 - Retroactivity provision.

Section 12A:9-801 - Effective date.

Section 12A:9-802 - Savings clause.

Section 12A:9-803 - Security interest perfected before effective date.

Section 12A:9-804 - Security interest unperfected before effective date.

Section 12A:9-805 - Effectiveness of action taken before effective date.

Section 12A:9-806 - When initial financing statement suffices to continue effectiveness of financing statement.

Section 12A:9-807 - Amendment of pre-effective-date financing statement.

Section 12A:9-808 - Person entitled to file initial financing statement or continuation statement.

Section 12A:9-809 - Priority.

Section 12A:10-102 - Construction

Section 12A:10-103 - Common law rights etc. not revived

Section 12A:10-106 - Effective date

Section 12A:12-1 - Short title

Section 12A:12-2 - Definitions relative to electronic transactions.

Section 12A:12-3 - Applicability of act to electronic records, signatures; exceptions.

Section 12A:12-4 - Act applies on or after June 26, 2001

Section 12A:12-5 - Electronic record, signature not required

Section 12A:12-6 - Construction of act

Section 12A:12-7 - Legal effect and enforceability

Section 12A:12-8 - Use, retention, content, format of electronic records

Section 12A:12-9 - Attribution, effect of electronic records, signatures

Section 12A:12-10 - Rules applicable to changes, errors in electronic records

Section 12A:12-11 - Notarized signatures or records

Section 12A:12-12 - Retention of electronic records

Section 12A:12-13 - Admissibility of electronic records, signatures

Section 12A:12-14 - Rules applicable to automated transactions

Section 12A:12-15 - Conditions under which electronic record is sent, received

Section 12A:12-16 - Control of transferable records

Section 12A:12-17 - Governmental agency creation, retention, conversion of electronic records

Section 12A:12-18 - Use of electronic records, signatures by governmental agencies; specifications

Section 12A:12-19 - Adoption of standards for governmental agencies

Section 12A:12-20 - Severability

Section 12A:12-21 - Use of electronic record to satisfy consumer information in writing, conditions

Section 12A:12-22 - Findings, declaration concerning "federal E-sign"

Section 12A:12-23 - Capability of electronic records retention by recipients

Section 12A:12-24 - Accessibility of records of information

Section 12A:12-25 - The New Jersey Center for Electronic Transactions and Informational Privacy, established

Section 12A:12-26 - "Statute, regulation or other rule of law" defined