North Carolina General Statutes
Chapter 25 - Uniform Commercial Code

§ 25-1-103 - Construction of this Chapter to promote its purposes and policies; applicability of supplemental principles of law. - 25-1-103. Construction of this Chapter to promote its purposes and...

§ 25-1-104 - Construction against implied repeal. - 25-1-104. Construction against implied repeal. This Chapter being a general...

§ 25-1-105 - Severability. - 25-1-105. Severability. If any provision or clause of this Chapter...

§ 25-1-106 - Use of singular and plural; gender. - 25-1-106. Use of singular and plural; gender. In this Chapter,...

§ 25-1-107 - Section captions. - 25-1-107. Section captions. Section captions are part of this Chapter....

§ 25-1-108 - Relation to Electronic Signatures in Global and National Commerce Act. - 25-1-108. Relation to Electronic Signatures in Global and National Commerce...

§ 25-1-201 - General definitions. - 25-1-201. General definitions. (a) Unless the context otherwise requires, words...

§ 25-1-202 - Notice; knowledge. - 25-1-202. Notice; knowledge. (a) Subject to subsection (f) of this...

§ 25-1-203 - Lease distinguished from security interest. - 25-1-203. Lease distinguished from security interest. (a) Whether a transaction...

§ 25-1-204 - Value. - 25-1-204. Value. Except as otherwise provided in Articles 3, 4,...

§ 25-1-205 - Reasonable time; seasonableness. - 25-1-205. Reasonable time; seasonableness. (a) Whether a time for taking...

§ 25-1-206 - Presumptions. - 25-1-206. Presumptions. Whenever this Chapter creates a "presumption" with respect...

§ 25-1-301 - Territorial applicability; parties' power to choose applicable law. - 25-1-301. Territorial applicability; parties' power to choose applicable law. (a)...

§ 25-1-302 - Variation by agreement. - 25-1-302. Variation by agreement. (a) Except as otherwise provided in...

§ 25-1-303 - Course of performance, course of dealing, and usage of trade. - 25-1-303. Course of performance, course of dealing, and usage of...

§ 25-1-304 - Obligation of good faith. - 25-1-304. Obligation of good faith. Every contract or duty within...

§ 25-1-305 - Remedies to be liberally administered. - 25-1-305. Remedies to be liberally administered. (a) The remedies provided...

§ 25-1-306 - Waiver or renunciation of claim or right after breach. - 25-1-306. Waiver or renunciation of claim or right after breach....

§ 25-1-307 - Prima facie evidence by third-party documents. - 25-1-307. Prima facie evidence by third-party documents. A document in...

§ 25-1-308 - Performance or acceptance under reservation of rights. - 25-1-308. Performance or acceptance under reservation of rights. (a) A...

§ 25-1-309 - Option to accelerate at will. - 25-1-309. Option to accelerate at will. A term providing that...

§ 25-1-310 - Subordinated obligations. - 25-1-310. Subordinated obligations. An obligation may be issued as subordinated...

Article 2 - Sales.

§ 25-2-101 - Short title. - 25-2-101. Short title. This article shall be known and may...

§ 25-2-102 - Scope; certain security and other transactions excluded from this article. - 25-2-102. Scope; certain security and other transactions excluded from this...

§ 25-2-103 - Definitions and index of definitions. - 25-2-103. Definitions and index of definitions. (1) In this article...

§ 25-2-104 - Definitions"Merchant"; "between merchants"; "financing agency." - 25-2-104. Definitions: "Merchant"; "between merchants"; "financing agency." (1) "Merchant" means...

§ 25-2-105 - Definitions"Transferability"; "goods"; "future" goods; "lot"; "commercial unit." - 25-2-105. Definitions: "Transferability"; "goods"; "future" goods; "lot"; "commercial unit." (1)...

§ 25-2-106 - Definitions"Contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "layaway contract"; "conforming" to contract; "termination"; "cancellation." - 25-2-106. Definitions: "Contract"; "agreement"; "contract for sale"; "sale"; "present sale";...

§ 25-2-107 - Goods to be severed from realty; recording. - 25-2-107. Goods to be severed from realty; recording. (1) A...

§ 25-2-201 - Formal requirements; statute of frauds. - 25-2-201. Formal requirements; statute of frauds. (1) Except as otherwise...

§ 25-2-202 - Final written expression; parol or extrinsic evidence. - 25-2-202. Final written expression; parol or extrinsic evidence. Terms with...

§ 25-2-203 - Seals inoperative. - 25-2-203. Seals inoperative. The affixing of a seal to a...

§ 25-2-204 - Formation in general. - 25-2-204. Formation in general. (1) A contract for sale of...

§ 25-2-205 - Firm offers. - 25-2-205. Firm offers. An offer by a merchant to buy...

§ 25-2-206 - Offer and acceptance in formation of contract. - 25-2-206. Offer and acceptance in formation of contract. (1) Unless...

§ 25-2-207 - Additional terms in acceptance or confirmation. - 25-2-207. Additional terms in acceptance or confirmation. (1) A definite...

§ 25-2-209 - Modification, rescission and waiver. - 25-2-209. Modification, rescission and waiver. (1) An agreement modifying a...

§ 25-2-210 - Delegation of performance; assignment of rights. - 25-2-210. Delegation of performance; assignment of rights. (1) A party...

§ 25-2-301 - General obligations of parties. - 25-2-301. General obligations of parties. The obligation of the seller...

§ 25-2-302 - Unconscionable contract or clause. - 25-2-302. Unconscionable contract or clause. (1) If the court as...

§ 25-2-303 - Allocation or division of risks. - 25-2-303. Allocation or division of risks. Where this article allocates...

§ 25-2-304 - Price payable in money, goods, realty, or otherwise. - 25-2-304. Price payable in money, goods, realty, or otherwise. (1)...

§ 25-2-305 - Open price term. - 25-2-305. Open price term. (1) The parties if they so...

§ 25-2-306 - Output, requirements and exclusive dealings. - 25-2-306. Output, requirements and exclusive dealings. (1) A term which...

§ 25-2-307 - Delivery in single lot or several lots. - 25-2-307. Delivery in single lot or several lots. Unless otherwise...

§ 25-2-308 - Absence of specified place for delivery. - 25-2-308. Absence of specified place for delivery. Unless otherwise agreed...

§ 25-2-309 - Absence of specific time provisions; notice of termination. - 25-2-309. Absence of specific time provisions; notice of termination. (1)...

§ 25-2-310 - Open time for payment or running of credit; authority to ship under reservation. - 25-2-310. Open time for payment or running of credit; authority...

§ 25-2-311 - Options and cooperation respecting performance. - 25-2-311. Options and cooperation respecting performance. (1) An agreement for...

§ 25-2-312 - Warranty of title and against infringement; buyer's obligation against infringement. - 25-2-312. Warranty of title and against infringement; buyer's obligation against...

§ 25-2-313 - Express warranties by affirmation, promise, description, sample. - 25-2-313. Express warranties by affirmation, promise, description, sample. (1) Express...

§ 25-2-314 - Implied warrantyMerchantability; usage of trade. - 25-2-314. Implied warranty: Merchantability; usage of trade. (1) Unless excluded...

§ 25-2-315 - Implied warrantyFitness for particular purpose. - 25-2-315. Implied warranty: Fitness for particular purpose. Where the seller...

§ 25-2-316 - Exclusion or modification of warranties. - 25-2-316. Exclusion or modification of warranties. (1) Words or conduct...

§ 25-2-317 - Cumulation and conflict of warranties express or implied. - 25-2-317. Cumulation and conflict of warranties express or implied. Warranties...

§ 25-2-318 - Third party beneficiaries of warranties express or implied. - 25-2-318. Third party beneficiaries of warranties express or implied. A...

§ 25-2-319 - F.O.Band F.A.Sterms. - 25-2-319. F.O.B. and F.A.S. terms. (1) Unless otherwise agreed the...

§ 25-2-320 - C.I.Fand C& Fterms. - 25-2-320. C.I.F. and C. & F. terms. (1) The term...

§ 25-2-321 - C.I.For C& F."Net landed weights"; "payment on arrival"; warranty of condition on arrival. - 25-2-321. C.I.F. or C. & F.: "Net landed weights"; "payment...

§ 25-2-322 - Delivery "ex-ship." - 25-2-322. Delivery "ex-ship." (1) Unless otherwise agreed a term for...

§ 25-2-323 - Form of bill of lading required in overseas shipment; "overseas." - 25-2-323. Form of bill of lading required in overseas shipment;...

§ 25-2-324 - "No arrival, no sale" term. - 25-2-324. "No arrival, no sale" term. Under a term "no...

§ 25-2-325 - "Letter of credit" term; "confirmed credit." - 25-2-325. "Letter of credit" term; "confirmed credit." (1) Failure of...

§ 25-2-326 - Sale on approval and sale or return; rights of creditors. - 25-2-326. Sale on approval and sale or return; rights of...

§ 25-2-327 - Special incidents of sale on approval and sale or return. - 25-2-327. Special incidents of sale on approval and sale or...

§ 25-2-328 - Sale by auction. - 25-2-328. Sale by auction. (1) In a sale by auction...

§ 25-2-401 - Passing of title; reservation for security; limited application of this section. - 25-2-401. Passing of title; reservation for security; limited application of...

§ 25-2-402 - Rights of seller's creditors against sold goods. - 25-2-402. Rights of seller's creditors against sold goods. (1) Except...

§ 25-2-403 - Power to transfer; good faith purchase of goods; "entrusting." - 25-2-403. Power to transfer; good faith purchase of goods; "entrusting."...

§ 25-2-501 - Insurable interest in goods; manner of identification of goods. - 25-2-501. Insurable interest in goods; manner of identification of goods....

§ 25-2-502 - Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency. - 25-2-502. Buyer's right to goods on seller's repudiation, failure to...

§ 25-2-503 - Manner of seller's tender of delivery. - 25-2-503. Manner of seller's tender of delivery. (1) Tender of...

§ 25-2-504 - Shipment by seller. - 25-2-504. Shipment by seller. Where the seller is required or...

§ 25-2-505 - Seller's shipment under reservation. - 25-2-505. Seller's shipment under reservation. (1) Where the seller has...

§ 25-2-506 - Rights of financing agency. - 25-2-506. Rights of financing agency. (1) A financing agency by...

§ 25-2-507 - Effect of seller's tender; delivery on condition. - 25-2-507. Effect of seller's tender; delivery on condition. (1) Tender...

§ 25-2-508 - Cure by seller of improper tender or delivery; replacement. - 25-2-508. Cure by seller of improper tender or delivery; replacement....

§ 25-2-509 - Risk of loss in the absence of breach. - 25-2-509. Risk of loss in the absence of breach. (1)...

§ 25-2-510 - Effect of breach on risk of loss. - 25-2-510. Effect of breach on risk of loss. (1) Where...

§ 25-2-511 - Tender of payment by buyer; payment by check. - 25-2-511. Tender of payment by buyer; payment by check. (1)...

§ 25-2-512 - Payment by buyer before inspection. - 25-2-512. Payment by buyer before inspection. (1) Where the contract...

§ 25-2-513 - Buyer's right to inspection of goods. - 25-2-513. Buyer's right to inspection of goods. (1) Unless otherwise...

§ 25-2-514 - When documents deliverable on acceptance; when on payment. - 25-2-514. When documents deliverable on acceptance; when on payment. Unless...

§ 25-2-515 - Preserving evidence of goods in dispute. - 25-2-515. Preserving evidence of goods in dispute. In furtherance of...

§ 25-2-601 - Buyer's rights on improper delivery. - 25-2-601. Buyer's rights on improper delivery. Subject to the provisions...

§ 25-2-602 - Manner and effect of rightful rejection. - 25-2-602. Manner and effect of rightful rejection. (1) Rejection of...

§ 25-2-603 - Merchant buyer's duties as to rightfully rejected goods. - 25-2-603. Merchant buyer's duties as to rightfully rejected goods. (1)...

§ 25-2-604 - Buyer's options as to salvage of rightfully rejected goods. - 25-2-604. Buyer's options as to salvage of rightfully rejected goods....

§ 25-2-605 - Waiver of buyer's objections by failure to particularize. - 25-2-605. Waiver of buyer's objections by failure to particularize. (1)...

§ 25-2-606 - What constitutes acceptance of goods. - 25-2-606. What constitutes acceptance of goods. (1) Acceptance of goods...

§ 25-2-607 - Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over. - 25-2-607. Effect of acceptance; notice of breach; burden of establishing...

§ 25-2-608 - Revocation of acceptance in whole or in part. - 25-2-608. Revocation of acceptance in whole or in part. (1)...

§ 25-2-609 - Right to adequate assurance of performance. - 25-2-609. Right to adequate assurance of performance. (1) A contract...

§ 25-2-610 - Anticipatory repudiation. - 25-2-610. Anticipatory repudiation. When either party repudiates the contract with...

§ 25-2-611 - Retraction of anticipatory repudiation. - 25-2-611. Retraction of anticipatory repudiation. (1) Until the repudiating party's...

§ 25-2-612 - "Installment contract"; breach. - 25-2-612. "Installment contract"; breach. (1) An "installment contract" is one...

§ 25-2-613 - Casualty to identified goods. - 25-2-613. Casualty to identified goods. Where the contract requires for...

§ 25-2-614 - Substituted performance. - 25-2-614. Substituted performance. (1) Where without fault of either party...

§ 25-2-615 - Excuse by failure of presupposed conditions. - 25-2-615. Excuse by failure of presupposed conditions. Except so far...

§ 25-2-616 - Procedure on notice claiming excuse. - 25-2-616. Procedure on notice claiming excuse. (1) Where the buyer...

§ 25-2-701 - Remedies for breach of collateral contracts not impaired. - 25-2-701. Remedies for breach of collateral contracts not impaired. Remedies...

§ 25-2-702 - Seller's remedies on discovery of buyer's insolvency. - 25-2-702. Seller's remedies on discovery of buyer's insolvency. (1) Where...

§ 25-2-703 - Seller's remedies in general. - 25-2-703. Seller's remedies in general. Where the buyer wrongfully rejects...

§ 25-2-704 - Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods. - 25-2-704. Seller's right to identify goods to the contract notwithstanding...

§ 25-2-705 - Seller's stoppage of delivery in transit or otherwise. - 25-2-705. Seller's stoppage of delivery in transit or otherwise. (1)...

§ 25-2-706 - Seller's resale including contract for resale. - 25-2-706. Seller's resale including contract for resale. (1) Under the...

§ 25-2-707 - "Person in the position of a seller." - 25-2-707. "Person in the position of a seller." (1) A...

§ 25-2-708 - Seller's damages for nonacceptance or repudiation. - 25-2-708. Seller's damages for nonacceptance or repudiation. (1) Subject to...

§ 25-2-709 - Action for the price. - 25-2-709. Action for the price. (1) When the buyer fails...

§ 25-2-710 - Seller's incidental damages. - 25-2-710. Seller's incidental damages. Incidental damages to an aggrieved seller...

§ 25-2-711 - Buyer's remedies in general; buyer's security interest in rejected goods. - 25-2-711. Buyer's remedies in general; buyer's security interest in rejected...

§ 25-2-712 - "Cover"; buyer's procurement of substitute goods. - 25-2-712. "Cover"; buyer's procurement of substitute goods. (1) After a...

§ 25-2-713 - Buyer's damages for nondelivery or repudiation. - 25-2-713. Buyer's damages for nondelivery or repudiation. (1) Subject to...

§ 25-2-714 - Buyer's damages for breach in regard to accepted goods. - 25-2-714. Buyer's damages for breach in regard to accepted goods....

§ 25-2-715 - Buyer's incidental and consequential damages. - 25-2-715. Buyer's incidental and consequential damages. (1) Incidental damages resulting...

§ 25-2-716 - Buyer's right to specific performance or replevin. - 25-2-716. Buyer's right to specific performance or replevin. (1) Specific...

§ 25-2-717 - Deduction of damages from the price. - 25-2-717. Deduction of damages from the price. The buyer on...

§ 25-2-718 - Liquidation or limitation of damages; deposits. - 25-2-718. Liquidation or limitation of damages; deposits. (1) Damages for...

§ 25-2-719 - Contractual modification or limitation of remedy. - 25-2-719. Contractual modification or limitation of remedy. (1) Subject to...

§ 25-2-720 - Effect of "cancellation" or "rescission" on claims for antecedent breach. - 25-2-720. Effect of "cancellation" or "rescission" on claims for antecedent...

§ 25-2-721 - Remedies for fraud. - 25-2-721. Remedies for fraud. Remedies for material misrepresentation or fraud...

§ 25-2-722 - Who can sue third parties for injury to goods. - 25-2-722. Who can sue third parties for injury to goods....

§ 25-2-723 - Proof of market price; time and place. - 25-2-723. Proof of market price; time and place. (1) If...

§ 25-2-724 - Admissibility of market quotations. - 25-2-724. Admissibility of market quotations. Whenever the prevailing price or...

§ 25-2-725 - Statute of limitations in contracts for sale. - 25-2-725. Statute of limitations in contracts for sale. (1) An...

Article 2A - Leases.

§ 25-2A-101 - Short title. - 25-2A-101. Short title. This Article shall be known and may...

§ 25-2A-102 - Scope. - 25-2A-102. Scope. This Article applies to any transaction, regardless of...

§ 25-2A-103 - Definitions and index of definitions. - 25-2A-103. Definitions and index of definitions. (1) In this Article...

§ 25-2A-104 - Leases subject to other law. - 25-2A-104. Leases subject to other law. (1) A lease, although...

§ 25-2A-105 - Territorial application of Article to goods covered by certificate of title. - 25-2A-105. Territorial application of Article to goods covered by certificate...

§ 25-2A-106 - Limitation on power of parties to consumer lease to choose applicable law and judicial forum. - 25-2A-106. Limitation on power of parties to consumer lease to...

§ 25-2A-107 - Waiver or renunciation of claim or right after default. - 25-2A-107. Waiver or renunciation of claim or right after default....

§ 25-2A-108 - Unconscionability. - 25-2A-108. Unconscionability. (1) If the court as a matter of...

§ 25-2A-109 - Option to accelerate at will. - 25-2A-109. Option to accelerate at will. (1) A term providing...

§ 25-2A-201 - Statute of frauds. - 25-2A-201. Statute of frauds. (1) A lease contract is not...

§ 25-2A-202 - Final written expressionparol or extrinsic evidence. - 25-2A-202. Final written expression: parol or extrinsic evidence. Terms with...

§ 25-2A-203 - Seals inoperative. - 25-2A-203. Seals inoperative. The affixing of a seal to a...

§ 25-2A-204 - Formation in general. - 25-2A-204. Formation in general. (1) A lease contract may be...

§ 25-2A-205 - Firm offers. - 25-2A-205. Firm offers. An offer by a merchant to lease...

§ 25-2A-206 - Offer and acceptance in formation of lease contract. - 25-2A-206. Offer and acceptance in formation of lease contract. (1)...

§ 25-2A-208 - Modification, rescission and waiver. - 25-2A-208. Modification, rescission and waiver. (1) An agreement modifying a...

§ 25-2A-209 - Lessee under finance lease as beneficiary of supply contract. - 25-2A-209. Lessee under finance lease as beneficiary of supply contract....

§ 25-2A-210 - Express warranties. - 25-2A-210. Express warranties. (1) Express warranties by the lessor are...

§ 25-2A-211 - Warranties against interference and against infringement; lessee's obligation against infringement. - 25-2A-211. Warranties against interference and against infringement; lessee's obligation against...

§ 25-2A-212 - Implied warranty of merchantability. - 25-2A-212. Implied warranty of merchantability. (1) Except in a finance...

§ 25-2A-213 - Implied warranty of fitness for particular purpose. - 25-2A-213. Implied warranty of fitness for particular purpose. Except in...

§ 25-2A-214 - Exclusion or modification of warranties. - 25-2A-214. Exclusion or modification of warranties. (1) Words or conduct...

§ 25-2A-215 - Cumulation and conflict of warranties express or implied. - 25-2A-215. Cumulation and conflict of warranties express or implied. Warranties,...

§ 25-2A-216 - Third-party beneficiaries of express and implied warranties. - 25-2A-216. Third-party beneficiaries of express and implied warranties. A warranty...

§ 25-2A-217 - Identification. - 25-2A-217. Identification. Identification of goods as goods to which a...

§ 25-2A-218 - Insurance and proceeds. - 25-2A-218. Insurance and proceeds. (1) A lessee obtains an insurable...

§ 25-2A-219 - Risk of loss. - 25-2A-219. Risk of loss. (1) Except in the case of...

§ 25-2A-220 - Effect of default on risk of loss. - 25-2A-220. Effect of default on risk of loss. (1) Where...

§ 25-2A-221 - Casualty to identified goods. - 25-2A-221. Casualty to identified goods. If a lease contract requires...

§ 25-2A-301 - Enforceability of lease contract. - 25-2A-301. Enforceability of lease contract. Except as otherwise provided in...

§ 25-2A-302 - Title to and possession of goods. - 25-2A-302. Title to and possession of goods. Except as otherwise...

§ 25-2A-303 - Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights. - 25-2A-303. Alienability of party's interest under lease contract or of...

§ 25-2A-304 - Subsequent lease of goods by lessor. - 25-2A-304. Subsequent lease of goods by lessor. (1) Subject to...

§ 25-2A-305 - Sale or sublease of goods by lessee. - 25-2A-305. Sale or sublease of goods by lessee. (1) Subject...

§ 25-2A-306 - Priority of certain liens arising by operation of law. - 25-2A-306. Priority of certain liens arising by operation of law....

§ 25-2A-307 - Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. - 25-2A-307. Priority of liens arising by attachment or levy on,...

§ 25-2A-308 - Special rights of creditors. - 25-2A-308. Special rights of creditors. (1) A creditor of a...

§ 25-2A-309 - Lessor's and lessee's rights when goods become fixtures. - 25-2A-309. Lessor's and lessee's rights when goods become fixtures. (1)...

§ 25-2A-310 - Lessor's and lessee's rights when goods become accessions. - 25-2A-310. Lessor's and lessee's rights when goods become accessions. (1)...

§ 25-2A-401 - Insecurityadequate assurance of performance. - 25-2A-401. Insecurity: adequate assurance of performance. (1) A lease contract...

§ 25-2A-402 - Anticipatory repudiation. - 25-2A-402. Anticipatory repudiation. If either party repudiates a lease contract...

§ 25-2A-403 - Retraction of anticipatory repudiation. - 25-2A-403. Retraction of anticipatory repudiation. (1) Until the repudiating party's...

§ 25-2A-404 - Substituted performance. - 25-2A-404. Substituted performance. (1) If without fault of the lessee,...

§ 25-2A-405 - Excused performance. - 25-2A-405. Excused performance. Subject to G.S 25-2A-404 on substituted performance,...

§ 25-2A-406 - Procedure on excused performance. - 25-2A-406. Procedure on excused performance. (1) If the lessee receives...

§ 25-2A-407 - Irrevocable promisesfinance leases. - 25-2A-407. Irrevocable promises: finance leases. (1) In the case of...

§ 25-2A-501 - Defaultprocedure. - 25-2A-501. Default: procedure. (1) Whether the lessor or the lessee...

§ 25-2A-502 - Notice after default. - 25-2A-502. Notice after default. Except as otherwise provided in this...

§ 25-2A-503 - Modification or impairment of rights and remedies. - 25-2A-503. Modification or impairment of rights and remedies. (1) Except...

§ 25-2A-504 - Liquidation of damages. - 25-2A-504. Liquidation of damages. (1) Damages payable by either party...

§ 25-2A-505 - Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies. - 25-2A-505. Cancellation and termination and effect of cancellation, termination, rescission,...

§ 25-2A-506 - Statute of limitations. - 25-2A-506. Statute of limitations. (1) An action for default under...

§ 25-2A-507 - Proof of market renttime and place. - 25-2A-507. Proof of market rent: time and place. (1) Damages...

§ 25-2A-508 - Lessee's remedies. - 25-2A-508. Lessee's remedies. (1) If a lessor fails to deliver...

§ 25-2A-509 - Lessee's rights on improper delivery; rightful rejection. - 25-2A-509. Lessee's rights on improper delivery; rightful rejection. (1) Subject...

§ 25-2A-510 - Installment lease contracts; rejection and default. - 25-2A-510. Installment lease contracts; rejection and default. (1) Under an...

§ 25-2A-511 - Merchant lessee's duties as to rightfully rejected goods. - 25-2A-511. Merchant lessee's duties as to rightfully rejected goods. (1)...

§ 25-2A-512 - Lessee's duties as to rightfully rejected goods. - 25-2A-512. Lessee's duties as to rightfully rejected goods. (1) Except...

§ 25-2A-513 - Cure by lessor of improper tender or delivery; replacement. - 25-2A-513. Cure by lessor of improper tender or delivery; replacement....

§ 25-2A-514 - Waiver of lessee's objections. - 25-2A-514. Waiver of lessee's objections. (1) In rejecting goods, a...

§ 25-2A-515 - Acceptance of goods. - 25-2A-515. Acceptance of goods. (1) Acceptance of goods occurs after...

§ 25-2A-516 - Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over. - 25-2A-516. Effect of acceptance of goods; notice of default; burden...

§ 25-2A-517 - Revocation of acceptance of goods. - 25-2A-517. Revocation of acceptance of goods. (1) A lessee may...

§ 25-2A-518 - Cover; substitute goods. - 25-2A-518. Cover; substitute goods. (1) After a default by a...

§ 25-2A-519 - Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods. - 25-2A-519. Lessee's damages for nondelivery, repudiation, default, and breach of...

§ 25-2A-520 - Lessee's incidental and consequential damages. - 25-2A-520. Lessee's incidental and consequential damages. (1) Incidental damages resulting...

§ 25-2A-521 - Lessee's right to specific performance or replevin. - 25-2A-521. Lessee's right to specific performance or replevin. (1) Specific...

§ 25-2A-522 - Lessee's right to goods on lessor's insolvency. - 25-2A-522. Lessee's right to goods on lessor's insolvency. (1) Subject...

§ 25-2A-523 - Lessor's remedies. - 25-2A-523. Lessor's remedies. (1) If a lessee wrongfully rejects or...

§ 25-2A-524 - Lessor's right to identify goods to lease contract. - 25-2A-524. Lessor's right to identify goods to lease contract. (1)...

§ 25-2A-525 - Lessor's right to possession of goods. - 25-2A-525. Lessor's right to possession of goods. (1) If a...

§ 25-2A-526 - Lessor's stoppage of delivery in transit or otherwise. - 25-2A-526. Lessor's stoppage of delivery in transit or otherwise. (1)...

§ 25-2A-527 - Lessor's rights to dispose of goods. - 25-2A-527. Lessor's rights to dispose of goods. (1) After a...

§ 25-2A-528 - Lessor's damages for nonacceptance, failure to pay, repudiation, or other default. - 25-2A-528. Lessor's damages for nonacceptance, failure to pay, repudiation, or...

§ 25-2A-529 - Lessor's action for the rent. - 25-2A-529. Lessor's action for the rent. (1) After default by...

§ 25-2A-530 - Lessor's incidental damages. - 25-2A-530. Lessor's incidental damages. Incidental damages to an aggrieved lessor...

§ 25-2A-531 - Standing to sue third parties for injury to goods. - 25-2A-531. Standing to sue third parties for injury to goods....

§ 25-2A-532 - Lessor's rights to residual interest. - 25-2A-532. Lessor's rights to residual interest. In addition to any...

Article 3 - Negotiable Instruments.

§ 25-3-101 - Short title. - 25-3-101. Short title. This Article may be cited as Uniform...

§ 25-3-102 - Subject matter. - 25-3-102. Subject matter. (a) This Article applies to negotiable instruments....

§ 25-3-103 - Definitions. - 25-3-103. Definitions. (a) In this Article: (1) "Acceptor" means a...

§ 25-3-104 - Negotiable instrument. - 25-3-104. Negotiable instrument. (a) Except as provided in subsections (c)...

§ 25-3-105 - Issue of instrument. - 25-3-105. Issue of instrument. (a) "Issue" means the first delivery...

§ 25-3-106 - Unconditional promise or order. - 25-3-106. Unconditional promise or order. (a) Except as provided in...

§ 25-3-107 - Instrument payable in foreign money. - 25-3-107. Instrument payable in foreign money. Unless the instrument otherwise...

§ 25-3-108 - Payable on demand or at definite time. - 25-3-108. Payable on demand or at definite time. (a) A...

§ 25-3-109 - Payable to bearer or to order. - 25-3-109. Payable to bearer or to order. (a) A promise...

§ 25-3-110 - Identification of person to whom instrument is payable. - 25-3-110. Identification of person to whom instrument is payable. (a)...

§ 25-3-111 - Place of payment. - 25-3-111. Place of payment. Except as otherwise provided for items...

§ 25-3-112 - Interest. - 25-3-112. Interest. (a) Unless otherwise provided in the instrument, (i)...

§ 25-3-113 - Date of instrument. - 25-3-113. Date of instrument. (a) An instrument may be antedated...

§ 25-3-114 - Contradictory terms of instrument. - 25-3-114. Contradictory terms of instrument. If an instrument contains contradictory...

§ 25-3-115 - Incomplete instrument. - 25-3-115. Incomplete instrument. (a) "Incomplete instrument" means a signed writing,...

§ 25-3-116 - Joint and several liability; contribution. - 25-3-116. Joint and several liability; contribution. (a) Except as otherwise...

§ 25-3-117 - Other agreements affecting instrument. - 25-3-117. Other agreements affecting instrument. Subject to applicable law regarding...

§ 25-3-118 - Statute of limitations. - 25-3-118. Statute of limitations. (a) Except as provided in subsection...

§ 25-3-119 - Notice of right to defend action. - 25-3-119. Notice of right to defend action. In an action...

§ 25-3-201 - Negotiation. - 25-3-201. Negotiation. (a) "Negotiation" means a transfer of possession, whether...

§ 25-3-202 - Negotiation subject to rescission. - 25-3-202. Negotiation subject to rescission. (a) Negotiation is effective even...

§ 25-3-203 - Transfer of instrument; rights acquired by transfer. - 25-3-203. Transfer of instrument; rights acquired by transfer. (a) An...

§ 25-3-204 - Indorsement. - 25-3-204. Indorsement. (a) "Indorsement" means a signature, other than that...

§ 25-3-205 - Special indorsement; blank indorsement; anomalous indorsement. - 25-3-205. Special indorsement; blank indorsement; anomalous indorsement. (a) If an...

§ 25-3-206 - Restrictive indorsement. - 25-3-206. Restrictive indorsement. (a) An indorsement limiting payment to a...

§ 25-3-207 - Reacquisition. - 25-3-207. Reacquisition. Reacquisition of an instrument occurs if it is...

§ 25-3-301 - Person entitled to enforce instrument. - 25-3-301. Person entitled to enforce instrument. "Person entitled to enforce"...

§ 25-3-302 - Holder in due course. - 25-3-302. Holder in due course. (a) Subject to subsection (c)...

§ 25-3-303 - Value and consideration. - 25-3-303. Value and consideration. (a) An instrument is issued or...

§ 25-3-304 - Overdue instrument. - 25-3-304. Overdue instrument. (a) An instrument payable on demand becomes...

§ 25-3-305 - Defenses and claims in recoupment. - 25-3-305. Defenses and claims in recoupment. (a) Except as stated...

§ 25-3-306 - Claims to an instrument. - 25-3-306. Claims to an instrument. A person taking an instrument,...

§ 25-3-307 - Notice of breach of fiduciary duty. - 25-3-307. Notice of breach of fiduciary duty. (a) In this...

§ 25-3-308 - Proof of signatures and status as holder in due course. - 25-3-308. Proof of signatures and status as holder in due...

§ 25-3-309 - Enforcement of lost, destroyed, or stolen instrument. - 25-3-309. Enforcement of lost, destroyed, or stolen instrument. (a) A...

§ 25-3-310 - Effect of instrument on obligation for which taken. - 25-3-310. Effect of instrument on obligation for which taken. (a)...

§ 25-3-311 - Accord and satisfaction by use of instrument. - 25-3-311. Accord and satisfaction by use of instrument. (a) If...

§ 25-3-312 - Lost, destroyed, or stolen cashier's check, teller's check, or certified check. - 25-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or...

§ 25-3-401 - Signature. - 25-3-401. Signature. (a) A person is not liable on an...

§ 25-3-402 - Signature by representative. - 25-3-402. Signature by representative. (a) If a person acting, or...

§ 25-3-403 - Unauthorized signature. - 25-3-403. Unauthorized signature. (a) Unless otherwise provided in this Article...

§ 25-3-404 - Impostors; fictitious payees. - 25-3-404. Impostors; fictitious payees. (a) If an impostor, by use...

§ 25-3-405 - Employer's responsibility for fraudulent indorsement by employee. - 25-3-405. Employer's responsibility for fraudulent indorsement by employee. (a) In...

§ 25-3-406 - Negligence contributing to forged signature or alteration of instrument. - 25-3-406. Negligence contributing to forged signature or alteration of instrument....

§ 25-3-407 - Alteration. - 25-3-407. Alteration. (a) "Alteration" means (i) an unauthorized change in...

§ 25-3-408 - Drawee not liable on unaccepted draft. - 25-3-408. Drawee not liable on unaccepted draft. A check or...

§ 25-3-409 - Acceptance of draft; certified check. - 25-3-409. Acceptance of draft; certified check. (a) "Acceptance" means the...

§ 25-3-410 - Acceptance varying draft. - 25-3-410. Acceptance varying draft. (a) If the terms of a...

§ 25-3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks. - 25-3-411. Refusal to pay cashier's checks, teller's checks, and certified...

§ 25-3-412 - Obligation of issuer of note or cashier's check. - 25-3-412. Obligation of issuer of note or cashier's check. The...

§ 25-3-413 - Obligation of acceptor. - 25-3-413. Obligation of acceptor. (a) The acceptor of a draft...

§ 25-3-414 - Obligation of drawer. - 25-3-414. Obligation of drawer. (a) This section does not apply...

§ 25-3-415 - Obligation of indorser. - 25-3-415. Obligation of indorser. (a) Subject to subsections (b), (c),...

§ 25-3-416 - Transfer warranties. - 25-3-416. Transfer warranties. (a) A person who transfers an instrument...

§ 25-3-417 - Presentment warranties. - 25-3-417. Presentment warranties. (a) If an unaccepted draft is presented...

§ 25-3-418 - Payment or acceptance by mistake. - 25-3-418. Payment or acceptance by mistake. (a) Except as provided...

§ 25-3-419 - Instruments signed for accommodation. - 25-3-419. Instruments signed for accommodation. (a) If an instrument is...

§ 25-3-420 - Conversion of instrument. - 25-3-420. Conversion of instrument. (a) The law applicable to conversion...

§ 25-3-501 - Presentment. - 25-3-501. Presentment. (a) "Presentment" means a demand made by or...

§ 25-3-502 - Dishonor. - 25-3-502. Dishonor. (a) Dishonor of a note is governed by...

§ 25-3-503 - Notice of dishonor. - 25-3-503. Notice of dishonor. (a) The obligation of an indorser...

§ 25-3-504 - Excused presentment and notice of dishonor. - 25-3-504. Excused presentment and notice of dishonor. (a) Presentment for...

§ 25-3-505 - Evidence of dishonor. - 25-3-505. Evidence of dishonor. (a) The following are admissible as...

§ 25-3-506 - Collection of processing fee for returned checks. - 25-3-506. Collection of processing fee for returned checks. A person...

§ 25-3-601 - Discharge and effect of discharge. - 25-3-601. Discharge and effect of discharge. (a) The obligation of...

§ 25-3-602 - Payment. - 25-3-602. Payment. (a) Subject to subsection (b) of this section,...

§ 25-3-603 - Tender of payment. - 25-3-603. Tender of payment. (a) If tender of payment of...

§ 25-3-604 - Discharge by cancellation or renunciation. - 25-3-604. Discharge by cancellation or renunciation. (a) A person entitled...

§ 25-3-605 - Discharge of indorsers and accommodation parties. - 25-3-605. Discharge of indorsers and accommodation parties. (a) In this...

Article 4 - Bank Deposits and Collections.

§ 25-4-101 - Short title. - 25-4-101. Short title. This Article may be cited as Uniform...

§ 25-4-102 - Applicability. - 25-4-102. Applicability. (a) To the extent that items within this...

§ 25-4-103 - Variation by agreement; measure of damages; action constituting ordinary care. - 25-4-103. Variation by agreement; measure of damages; action constituting ordinary...

§ 25-4-104 - Definitions and index of definitions. - 25-4-104. Definitions and index of definitions. (a) In this Article,...

§ 25-4-105 - "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank". - 25-4-105. "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank";...

§ 25-4-105.1 - Payable through or payable at bank; collecting bank. - 25-4-105.1. Payable through or payable at bank; collecting bank. (a)...

§ 25-4-106 - Separate office of a bank. - 25-4-106. Separate office of a bank. A branch or separate...

§ 25-4-107 - Time of receipt of items. - 25-4-107. Time of receipt of items. (a) For the purpose...

§ 25-4-108 - Delays. - 25-4-108. Delays. (a) Unless otherwise instructed, a collecting bank in...

§ 25-4-110 - Electronic presentment. - 25-4-110. Electronic presentment. (a) "Agreement for electronic presentment" means an...

§ 25-4-111 - Statute of limitations. - 25-4-111. Statute of limitations. An action to enforce an obligation,...

§ 25-4-201 - Status of collecting bank as agent and provisional status of credits; applicability of Article; item indorsed "pay any bank". - 25-4-201. Status of collecting bank as agent and provisional status...

§ 25-4-202 - Responsibility for collection or return; when action timely. - 25-4-202. Responsibility for collection or return; when action timely. (a)...

§ 25-4-203 - Effect of instructions. - 25-4-203. Effect of instructions. Subject to Article 3 concerning conversion...

§ 25-4-204 - Methods of sending and presenting; sending directly to payor. - 25-4-204. Methods of sending and presenting; sending directly to payor....

§ 25-4-205 - Depositary bank holder of unindorsed item. - 25-4-205. Depositary bank holder of unindorsed item. If a customer...

§ 25-4-206 - Transfer between banks. - 25-4-206. Transfer between banks. Any agreed method that identifies the...

§ 25-4-207 - Transfer warranties. - 25-4-207. Transfer warranties. (a) A customer or collecting bank that...

§ 25-4-207.1 - Presentment warranties. - 25-4-207.1. Presentment warranties. (a) If an unaccepted draft is presented...

§ 25-4-207.2 - Encoding and retention warranties. - 25-4-207.2. Encoding and retention warranties. (a) A person who encodes...

§ 25-4-208 - Security interest of collecting bank in items, accompanying documents and proceeds. - 25-4-208. Security interest of collecting bank in items, accompanying documents...

§ 25-4-209 - When bank gives value for purposes of holder in due course. - 25-4-209. When bank gives value for purposes of holder in...

§ 25-4-210 - Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser. - 25-4-210. Presentment by notice of item not payable by, through,...

§ 25-4-211 - Medium and time of settlement by bank. - 25-4-211. Medium and time of settlement by bank. (a) With...

§ 25-4-212 - Right of charge-back or refund; liability of collecting bank; return of item. - 25-4-212. Right of charge-back or refund; liability of collecting bank;...

§ 25-4-213 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal. - 25-4-213. Final payment of item by payor bank; when provisional...

§ 25-4-214 - Insolvency and preference. - 25-4-214. Insolvency and preference. (a) If an item is in...

§ 25-4-301 - Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank. - 25-4-301. Deferred posting; recovery of payment by return of items;...

§ 25-4-302 - Payor bank's responsibility for late return of item. - 25-4-302. Payor bank's responsibility for late return of item. (a)...

§ 25-4-303 - When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified. - 25-4-303. When items subject to notice, stop-payment order, legal process,...

§ 25-4-401 - When bank may charge customer's account. - 25-4-401. When bank may charge customer's account. (a) A bank...

§ 25-4-402 - Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account. - 25-4-402. Bank's liability to customer for wrongful dishonor; time of...

§ 25-4-403 - Customer's right to stop payment; burden of proof of loss. - 25-4-403. Customer's right to stop payment; burden of proof of...

§ 25-4-404 - Bank not obligated to pay check more than six months old. - 25-4-404. Bank not obligated to pay check more than six...

§ 25-4-405 - Death or incompetence of customer. - 25-4-405. Death or incompetence of customer. (a) A payor or...

§ 25-4-406 - Customer's duty to discover and report unauthorized signature or alteration. - 25-4-406. Customer's duty to discover and report unauthorized signature or...

§ 25-4-407 - Payor bank's right to subrogation on improper payment. - 25-4-407. Payor bank's right to subrogation on improper payment. If...

§ 25-4-501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor. - 25-4-501. Handling of documentary drafts; duty to send for presentment...

§ 25-4-502 - Presentment of "on arrival" drafts. - 25-4-502. Presentment of "on arrival" drafts. If a draft or...

§ 25-4-503 - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need. - 25-4-503. Responsibility of presenting bank for documents and goods; report...

§ 25-4-504 - Privilege of presenting bank to deal with goods; security interest for expenses. - 25-4-504. Privilege of presenting bank to deal with goods; security...

Article 4A - Funds Transfers.

§ 25-4A-101 - Short title. - 25-4A-101. Short title. This Article may be cited as Uniform...

§ 25-4A-102 - Subject matter. - 25-4A-102. Subject matter. Except as otherwise provided in G.S. 25-4A-108,...

§ 25-4A-103 - Payment order - definitions. - 25-4A-103. Payment order - definitions. (a) In this Article: (1)...

§ 25-4A-104 - Funds transfer - definitions. - 25-4A-104. Funds transfer - definitions. In this Article: (a) "Funds...

§ 25-4A-105 - Other definitions. - 25-4A-105. Other definitions. (a) In this Article: (1) "Authorized account"...

§ 25-4A-106 - Time payment order is received. - 25-4A-106. Time payment order is received. (a) The time of...

§ 25-4A-107 - Federal reserve regulations and operating circulars. - 25-4A-107. Federal reserve regulations and operating circulars. Regulations of the...

§ 25-4A-108 - Relationship to Electronic Fund Transfer Act. - 25-4A-108. Relationship to Electronic Fund Transfer Act. (a) Except as...

§ 25-4A-201 - Security procedure. - 25-4A-201. Security procedure. "Security procedure" means a procedure established by...

§ 25-4A-202 - Authorized and verified payment orders. - 25-4A-202. Authorized and verified payment orders. (a) A payment order...

§ 25-4A-203 - Unenforceability of certain verified payment orders. - 25-4A-203. Unenforceability of certain verified payment orders. (a) If an...

§ 25-4A-204 - Refund of payment and duty of customer to report with respect to unauthorized payment order. - 25-4A-204. Refund of payment and duty of customer to report...

§ 25-4A-205 - Erroneous payment orders. - 25-4A-205. Erroneous payment orders. (a) If an accepted payment order...

§ 25-4A-206 - Transmission of payment order through funds-transfer or other communication system. - 25-4A-206. Transmission of payment order through funds-transfer or other communication...

§ 25-4A-207 - Misdescription of beneficiary. - 25-4A-207. Misdescription of beneficiary. (a) Subject to subsection (b), if,...

§ 25-4A-208 - Misdescription of intermediary bank or beneficiary's bank. - 25-4A-208. Misdescription of intermediary bank or beneficiary's bank. (a) This...

§ 25-4A-209 - Acceptance of payment order. - 25-4A-209. Acceptance of payment order. (a) Subject to subsection (d),...

§ 25-4A-210 - Rejection of payment order. - 25-4A-210. Rejection of payment order. (a) A payment order is...

§ 25-4A-211 - Cancellation and amendment of payment order. - 25-4A-211. Cancellation and amendment of payment order. (a) A communication...

§ 25-4A-212 - Liability and duty of receiving bank regarding unaccepted payment order. - 25-4A-212. Liability and duty of receiving bank regarding unaccepted payment...

§ 25-4A-301 - Execution and execution date. - 25-4A-301. Execution and execution date. (a) A payment order is...

§ 25-4A-302 - Obligations of receiving bank in execution of payment order. - 25-4A-302. Obligations of receiving bank in execution of payment order....

§ 25-4A-303 - Erroneous execution of payment order. - 25-4A-303. Erroneous execution of payment order. (a) A receiving bank...

§ 25-4A-304 - Duty of sender to report erroneously executed payment order. - 25-4A-304. Duty of sender to report erroneously executed payment order....

§ 25-4A-305 - Liability for late or improper execution or failure to execute payment order. - 25-4A-305. Liability for late or improper execution or failure to...

§ 25-4A-401 - Payment date. - 25-4A-401. Payment date. "Payment date" of a payment order means...

§ 25-4A-402 - Obligation of sender to pay receiving bank. - 25-4A-402. Obligation of sender to pay receiving bank. (a) This...

§ 25-4A-403 - Payment by sender to receiving bank. - 25-4A-403. Payment by sender to receiving bank. (a) Payment of...

§ 25-4A-404 - Obligation of beneficiary's bank to pay and give notice to beneficiary. - 25-4A-404. Obligation of beneficiary's bank to pay and give notice...

§ 25-4A-405 - Payment by beneficiary's bank to beneficiary. - 25-4A-405. Payment by beneficiary's bank to beneficiary. (a) If the...

§ 25-4A-406 - Payment by originator to beneficiary; discharge of underlying obligation. - 25-4A-406. Payment by originator to beneficiary; discharge of underlying obligation....

§ 25-4A-501 - Variation by agreement and effect of funds-transfer system rule. - 25-4A-501. Variation by agreement and effect of funds-transfer system rule....

§ 25-4A-502 - Creditor process served on receiving bank; setoff by beneficiary's bank. - 25-4A-502. Creditor process served on receiving bank; setoff by beneficiary's...

§ 25-4A-503 - Injunction or restraining order with respect to funds transfer. - 25-4A-503. Injunction or restraining order with respect to funds transfer....

§ 25-4A-504 - Order in which items and payment orders may be charged to account; order of withdrawals from account. - 25-4A-504. Order in which items and payment orders may be...

§ 25-4A-505 - Preclusion of objection to debit of customer's account. - 25-4A-505. Preclusion of objection to debit of customer's account. If...

§ 25-4A-506 - Rate of interest. - 25-4A-506. Rate of interest. (a) If, under this Article, a...

§ 25-4A-507 - Choice of law. - 25-4A-507. Choice of law. (a) The following rules apply unless...

Article 5 - Letters of Credit.

§ 25-5-101 - Short title. - 25-5-101. Short title. This article may be cited as Uniform...

§ 25-5-102 - Definitions. - 25-5-102. Definitions. (a) In this Article: (1) "Adviser" means a...

§ 25-5-103 - Scope. - 25-5-103. Scope. (a) This Article applies to letters of credit...

§ 25-5-104 - Formal requirements. - 25-5-104. Formal requirements. A letter of credit, confirmation, advice, transfer,...

§ 25-5-105 - Consideration. - 25-5-105. Consideration. Consideration is not required to issue, amend, transfer,...

§ 25-5-106 - Issuance, amendment, cancellation, and duration. - 25-5-106. Issuance, amendment, cancellation, and duration. (a) A letter of...

§ 25-5-107 - Confirmer, nominated person, and adviser. - 25-5-107. Confirmer, nominated person, and adviser. (a) A confirmer is...

§ 25-5-108 - Issuer's rights and obligations. - 25-5-108. Issuer's rights and obligations. (a) Except as otherwise provided...

§ 25-5-109 - Fraud and forgery. - 25-5-109. Fraud and forgery. (a) If a presentation is made...

§ 25-5-110 - Warranties. - 25-5-110. Warranties. (a) If its presentation is honored, the beneficiary...

§ 25-5-111 - Remedies. - 25-5-111. Remedies. (a) If an issuer wrongfully dishonors or repudiates...

§ 25-5-112 - Transfer of letter of credit. - 25-5-112. Transfer of letter of credit. (a) Except as otherwise...

§ 25-5-113 - Transfer by operation of law. - 25-5-113. Transfer by operation of law. (a) A successor of...

§ 25-5-114 - Assignment of proceeds. - 25-5-114. Assignment of proceeds. (a) In this section, "proceeds of...

§ 25-5-115 - Statute of limitations. - 25-5-115. Statute of limitations. An action to enforce a right...

§ 25-5-116 - Choice of law and forum. - 25-5-116. Choice of law and forum. (a) The liability of...

§ 25-5-117 - Subrogation of issuer, applicant, and nominated person. - 25-5-117. Subrogation of issuer, applicant, and nominated person. (a) An...

§ 25-5-118 - Security interest of issuer or nominated person. - 25-5-118. Security interest of issuer or nominated person. (a) An...

Article 7 - Documents of Title.

§ 25-7-101 - Short title. - 25-7-101. Short title. This Article may be cited as Uniform...

§ 25-7-102 - Definitions and index of definitions. - 25-7-102. Definitions and index of definitions. (a) In this Article,...

§ 25-7-103 - Relation of Article to treaty or statute. - 25-7-103. Relation of Article to treaty or statute. (a) This...

§ 25-7-104 - Negotiable and nonnegotiable document of title. - 25-7-104. Negotiable and nonnegotiable document of title. (a) Except as...

§ 25-7-105 - Reissuance in alternative medium. - 25-7-105. Reissuance in alternative medium. (a) Upon request of a...

§ 25-7-106 - Control of electronic document of title. - 25-7-106. Control of electronic document of title. (a) A person...

§ 25-7-201 - Person that may issue a warehouse receipt; storage under bond. - 25-7-201. Person that may issue a warehouse receipt; storage under...

§ 25-7-202 - Form of warehouse receipt; effect of omission. - 25-7-202. Form of warehouse receipt; effect of omission. (a) A...

§ 25-7-203 - Liability for nonreceipt or misdescription. - 25-7-203. Liability for nonreceipt or misdescription. A party to or...

§ 25-7-204 - Duty of care; contractual limitation of warehouse's liability. - 25-7-204. Duty of care; contractual limitation of warehouse's liability. (a)...

§ 25-7-205 - Title under warehouse receipt defeated in certain cases. - 25-7-205. Title under warehouse receipt defeated in certain cases. A...

§ 25-7-206 - Termination of storage at warehouse's option. - 25-7-206. Termination of storage at warehouse's option. (a) A warehouse,...

§ 25-7-207 - Goods must be kept separate; fungible goods. - 25-7-207. Goods must be kept separate; fungible goods. (a) Unless...

§ 25-7-208 - Altered warehouse receipts. - 25-7-208. Altered warehouse receipts. If a blank in a negotiable...

§ 25-7-209 - Lien of warehouse. - 25-7-209. Lien of warehouse. (a) A warehouse has a lien...

§ 25-7-210 - Enforcement of warehouse's lien. - 25-7-210. Enforcement of warehouse's lien. (a) Except as otherwise provided...

§ 25-7-301 - Liability for nonreceipt or misdescription; "said to contain"; "shipper's weight, load, and count"; improper handling. - 25-7-301. Liability for nonreceipt or misdescription; "said to contain"; "shipper's...

§ 25-7-302 - Through bills of lading and similar documents of title. - 25-7-302. Through bills of lading and similar documents of title....

§ 25-7-303 - Diversion; reconsignment; change of instructions. - 25-7-303. Diversion; reconsignment; change of instructions. (a) Unless the bill...

§ 25-7-304 - Tangible bills of lading in a set. - 25-7-304. Tangible bills of lading in a set. (a) Except...

§ 25-7-305 - Destination bills. - 25-7-305. Destination bills. (a) Instead of issuing a bill of...

§ 25-7-306 - Altered bills of lading. - 25-7-306. Altered bills of lading. An unauthorized alteration or filling...

§ 25-7-307 - Lien of carrier. - 25-7-307. Lien of carrier. (a) A carrier has a lien...

§ 25-7-308 - Enforcement of carrier's lien. - 25-7-308. Enforcement of carrier's lien. (a) A carrier's lien on...

§ 25-7-309 - Duty of care; contractual limitation of carrier's liability. - 25-7-309. Duty of care; contractual limitation of carrier's liability. (a)...

§ 25-7-401 - Irregularities in issue of receipt or bill or conduct of issuer. - 25-7-401. Irregularities in issue of receipt or bill or conduct...

§ 25-7-402 - Duplicate document of title; overissue. - 25-7-402. Duplicate document of title; overissue. A duplicate or any...

§ 25-7-403 - Obligation of bailee to deliver; excuse. - 25-7-403. Obligation of bailee to deliver; excuse. (a) A bailee...

§ 25-7-404 - No liability for good-faith delivery pursuant to document of title. - 25-7-404. No liability for good-faith delivery pursuant to document of...

§ 25-7-501 - Form of negotiation and requirements of due negotiation. - 25-7-501. Form of negotiation and requirements of due negotiation. (a)...

§ 25-7-502 - Rights acquired by due negotiation. - 25-7-502. Rights acquired by due negotiation. (a) Subject to G.S....

§ 25-7-503 - Document of title to goods defeated in certain cases. - 25-7-503. Document of title to goods defeated in certain cases....

§ 25-7-504 - Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery. - 25-7-504. Rights acquired in absence of due negotiation; effect of...

§ 25-7-505 - Indorser not guarantor for other parties. - 25-7-505. Indorser not guarantor for other parties. The indorsement of...

§ 25-7-506 - Delivery without indorsement; right to compel indorsement. - 25-7-506. Delivery without indorsement; right to compel indorsement. The transferee...

§ 25-7-507 - Warranties on negotiation or delivery of document of title. - 25-7-507. Warranties on negotiation or delivery of document of title....

§ 25-7-508 - Warranties of collecting bank as to documents of title. - 25-7-508. Warranties of collecting bank as to documents of title....

§ 25-7-509 - Adequate compliance with commercial contract. - 25-7-509. Adequate compliance with commercial contract. Whether a document of...

§ 25-7-601 - Lost, stolen, or destroyed documents of title. - 25-7-601. Lost, stolen, or destroyed documents of title. (a) If...

§ 25-7-602 - Judicial process against goods covered by negotiable document of title. - 25-7-602. Judicial process against goods covered by negotiable document of...

§ 25-7-603 - Conflicting claims; interpleader. - 25-7-603. Conflicting claims; interpleader. If more than one person claims...

Article 8 - Investment Securities.

§ 25-8-101 - Short title. - 25-8-101. Short title. This Article may be cited as Uniform...

§ 25-8-102 - Definitions. - 25-8-102. Definitions. (a) In this Article: (1) "Adverse claim" means...

§ 25-8-103 - Rules for determining whether certain obligations and interests are securities or financial assets. - 25-8-103. Rules for determining whether certain obligations and interests are...

§ 25-8-104 - Acquisition of security or financial asset or interest therein. - 25-8-104. Acquisition of security or financial asset or interest therein....

§ 25-8-105 - Notice of adverse claim. - 25-8-105. Notice of adverse claim. (a) A person has notice...

§ 25-8-106 - Control. - 25-8-106. Control. (a) A purchaser has "control" of a certificated...

§ 25-8-107 - Whether indorsement, instruction, or entitlement order is effective. - 25-8-107. Whether indorsement, instruction, or entitlement order is effective. (a)...

§ 25-8-108 - Warranties in direct holding. - 25-8-108. Warranties in direct holding. (a) A person who transfers...

§ 25-8-109 - Warranties in indirect holding. - 25-8-109. Warranties in indirect holding. (a) A person who originates...

§ 25-8-110 - Applicability; choice of law. - 25-8-110. Applicability; choice of law. (a) The local law of...

§ 25-8-111 - Clearing corporation rules. - 25-8-111. Clearing corporation rules. A rule adopted by a clearing...

§ 25-8-112 - Creditor's legal process. - 25-8-112. Creditor's legal process. (a) The interest of a debtor...

§ 25-8-113 - Statute of frauds inapplicable. - 25-8-113. Statute of frauds inapplicable. A contract or modification of...

§ 25-8-114 - Evidentiary rules concerning certificated securities. - 25-8-114. Evidentiary rules concerning certificated securities. The following rules apply...

§ 25-8-115 - Securities intermediary and others not liable to adverse claimant. - 25-8-115. Securities intermediary and others not liable to adverse claimant....

§ 25-8-116 - Securities intermediary as purchaser for value. - 25-8-116. Securities intermediary as purchaser for value. A securities intermediary...

§ 25-8-201 - Issuer. - 25-8-201. Issuer. (a) With respect to an obligation on or...

§ 25-8-202 - Issuer's responsibility and defenses; notice of defect or defense. - 25-8-202. Issuer's responsibility and defenses; notice of defect or defense....

§ 25-8-203 - Staleness as notice of defect or defense. - 25-8-203. Staleness as notice of defect or defense. After an...

§ 25-8-204 - Effect of issuer's restriction on transfer. - 25-8-204. Effect of issuer's restriction on transfer. A restriction on...

§ 25-8-205 - Effect of unauthorized signature on security certificate. - 25-8-205. Effect of unauthorized signature on security certificate. An unauthorized...

§ 25-8-206 - Completion of alteration of security certificate. - 25-8-206. Completion of alteration of security certificate. (a) If a...

§ 25-8-207 - Rights and duties of issuer with respect to registered owners. - 25-8-207. Rights and duties of issuer with respect to registered...

§ 25-8-208 - Effect of signature of authenticating trustee, registrar, or transfer agent. - 25-8-208. Effect of signature of authenticating trustee, registrar, or transfer...

§ 25-8-209 - Issuer's lien. - 25-8-209. Issuer's lien. A lien in favor of an issuer...

§ 25-8-210 - Overissue. - 25-8-210. Overissue. (a) In this section, "overissue" means the issue...

§ 25-8-301 - Delivery. - 25-8-301. Delivery. (a) Delivery of a certificated security to a...

§ 25-8-302 - Rights of purchaser. - 25-8-302. Rights of purchaser. (a) Except as otherwise provided in...

§ 25-8-303 - Protected purchaser. - 25-8-303. Protected purchaser. (a) "Protected purchaser" means a purchaser of...

§ 25-8-304 - Indorsement. - 25-8-304. Indorsement. (a) An indorsement may be in blank or...

§ 25-8-305 - Instruction. - 25-8-305. Instruction. (a) If an instruction has been originated by...

§ 25-8-306 - Effect of guaranteeing signature, indorsement, or instruction. - 25-8-306. Effect of guaranteeing signature, indorsement, or instruction. (a) A...

§ 25-8-307 - Purchaser's right to requisites for registration of transfer. - 25-8-307. Purchaser's right to requisites for registration of transfer. Unless...

§ 25-8-401 - Duty of issuer to register transfer. - 25-8-401. Duty of issuer to register transfer. (a) If a...

§ 25-8-402 - Assurance that indorsement or instruction is effective. - 25-8-402. Assurance that indorsement or instruction is effective. (a) An...

§ 25-8-403 - Demand that issuer not register transfer. - 25-8-403. Demand that issuer not register transfer. (a) A person...

§ 25-8-404 - Wrongful registration. - 25-8-404. Wrongful registration. (a) Except as otherwise provided in G.S....

§ 25-8-405 - Replacement of lost, destroyed, or wrongfully taken security certificate. - 25-8-405. Replacement of lost, destroyed, or wrongfully taken security certificate....

§ 25-8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate. - 25-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully...

§ 25-8-407 - Authenticating trustee, transfer agent, and registrar. - 25-8-407. Authenticating trustee, transfer agent, and registrar. A person acting...

§ 25-8-501 - Securities account; acquisition of security entitlement from securities intermediary. - 25-8-501. Securities account; acquisition of security entitlement from securities intermediary....

§ 25-8-502 - Assertion of adverse claim against entitlement holder. - 25-8-502. Assertion of adverse claim against entitlement holder. An action...

§ 25-8-503 - Property interest of entitlement holder in financial asset held by securities intermediary. - 25-8-503. Property interest of entitlement holder in financial asset held...

§ 25-8-504 - Duty of securities intermediary to maintain financial asset. - 25-8-504. Duty of securities intermediary to maintain financial asset. (a)...

§ 25-8-505 - Duty of securities intermediary with respect to payments and distributions. - 25-8-505. Duty of securities intermediary with respect to payments and...

§ 25-8-506 - Duty of securities intermediary to exercise rights as directed by entitlement holder. - 25-8-506. Duty of securities intermediary to exercise rights as directed...

§ 25-8-507 - Duty of securities intermediary to comply with entitlement order. - 25-8-507. Duty of securities intermediary to comply with entitlement order....

§ 25-8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding. - 25-8-508. Duty of securities intermediary to change entitlement holder's position...

§ 25-8-509 - 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. - 25-8-509. Specification of duties of securities intermediary by other statute...

§ 25-8-510 - Rights of purchaser of security entitlement from entitlement holder. - 25-8-510. Rights of purchaser of security entitlement from entitlement holder....

§ 25-8-511 - Priority among security interests and entitlement holders. - 25-8-511. Priority among security interests and entitlement holders. (a) Except...

Article 9 - Secured Transactions.

§ 25-9-101 - Short title. - 25-9-101. Short title. This Article may be cited as Uniform...

§ 25-9-102 - Definitions and index of definitions. - 25-9-102. Definitions and index of definitions. (a) Article 9 definitions....

§ 25-9-103 - Purchase-money security interest; application of payments; burden of establishing. - 25-9-103. Purchase-money security interest; application of payments; burden of establishing....

§ 25-9-103.1 - Production-money crops; production-money obligation; production-money security interest; burden of establishing. - 25-9-103.1. Production-money crops; production-money obligation; production-money security interest; burden of...

§ 25-9-104 - Control of deposit account. - 25-9-104. Control of deposit account. (a) Requirements for control. -...

§ 25-9-105 - Control of electronic chattel paper. - 25-9-105. Control of electronic chattel paper. (a) General Rule: Control...

§ 25-9-106 - Control of investment property. - 25-9-106. Control of investment property. (a) Control under G.S. 25-8-106....

§ 25-9-107 - Control of letter-of-credit right. - 25-9-107. Control of letter-of-credit right. A secured party has control...

§ 25-9-108 - Sufficiency of description. - 25-9-108. Sufficiency of description. (a) Sufficiency of description. - Except...

§ 25-9-109 - Scope. - 25-9-109. Scope. (a) General scope of Article. - Except as...

§ 25-9-110 - Security interests arising under Article 2 or 2A of this Chapter. - 25-9-110. Security interests arising under Article 2 or 2A of...

§ 25-9-201 - General effectiveness of security agreement. - 25-9-201. General effectiveness of security agreement. (a) General effectiveness. -...

§ 25-9-202 - Title to collateral immaterial. - 25-9-202. Title to collateral immaterial. Except as otherwise provided with...

§ 25-9-203 - Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. - 25-9-203. Attachment and enforceability of security interest; proceeds; supporting obligations;...

§ 25-9-204 - After-acquired property; future advances. - 25-9-204. After-acquired property; future advances. (a) After-acquired collateral. - Except...

§ 25-9-205 - Use or disposition of collateral permissible. - 25-9-205. Use or disposition of collateral permissible. (a) When security...

§ 25-9-206 - Security interest arising in purchase or delivery of financial asset. - 25-9-206. Security interest arising in purchase or delivery of financial...

§ 25-9-207 - Rights and duties of secured party having possession or control of collateral. - 25-9-207. Rights and duties of secured party having possession or...

§ 25-9-208 - Additional duties of secured party having control of collateral. - 25-9-208. Additional duties of secured party having control of collateral....

§ 25-9-209 - Duties of secured party if account debtor has been notified of assignment. - 25-9-209. Duties of secured party if account debtor has been...

§ 25-9-210 - Request for accounting; request regarding list of collateral or statement of account. - 25-9-210. Request for accounting; request regarding list of collateral or...

§ 25-9-301 - Law governing perfection and priority of security interests. - 25-9-301. Law governing perfection and priority of security interests. Except...

§ 25-9-302 - Law governing perfection and priority of agricultural liens. - 25-9-302. Law governing perfection and priority of agricultural liens. While...

§ 25-9-303 - Law governing perfection and priority of security interests in goods covered by a certificate of title. - 25-9-303. Law governing perfection and priority of security interests in...

§ 25-9-304 - Law governing perfection and priority of security interests in deposit accounts. - 25-9-304. Law governing perfection and priority of security interests in...

§ 25-9-305 - Law governing perfection and priority of security interests in investment property. - 25-9-305. Law governing perfection and priority of security interests in...

§ 25-9-306 - Law governing perfection and priority of security interests in letter-of-credit rights. - 25-9-306. Law governing perfection and priority of security interests in...

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North Carolina General Statutes Chapter 25 - Uniform Commercial Code

North Carolina General Statutes
Chapter 25 - Uniform Commercial Code