Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions

Section 6A-9-103. - Purchase-money security interest; application of payments; burden of establishing. - § 6A-9-103. Purchase-money security interest; application of payments; burden of...

Section 6A-9-104. - Control of deposit account. - § 6A-9-104. Control of deposit account. (a) Requirements for control....

Section 6A-9-105. - Control of electronic chattel paper. - § 6A-9-105. Control of electronic chattel paper. (a) General rule:...

Section 6A-9-106. - Control of investment property. - § 6A-9-106. Control of investment property. (a) Control under §...

Section 6A-9-107. - Control of letter-of-credit. - § 6A-9-107. Control of letter-of-credit. A secured party has control...

Section 6A-9-108. - Sufficiency of description. - § 6A-9-108. Sufficiency of description. (a) Sufficiency of description. Except...

Subpart 2 - Applicability of Chapter

Section 6A-9-109. - Scope. - § 6A-9-109. Scope. (a) General scope of chapter. Except as...

Section 6A-9-110. - Security interests arising under chapter 2 or 2.1. - § 6A-9-110. Security interests arising under chapter 2 or 2.1....

Part 2 - Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement

Subpart 1 - Effectiveness and Attachment

Section 6A-9-201. - General effectiveness of security agreement. - § 6A-9-201. General effectiveness of security agreement. (a) General effectiveness....

Section 6A-9-202. - Title to collateral immaterial. - § 6A-9-202. Title to collateral immaterial. Except as otherwise provided...

Section 6A-9-203. - Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. - § 6A-9-203. Attachment and enforceability of security interest; proceeds; supporting...

Section 6A-9-204. - After-acquired property; future advances. - § 6A-9-204. After-acquired property; future advances. (a) After-acquired collateral. Except...

Section 6A-9-205. - Use or disposition of collateral permissible. - § 6A-9-205. Use or disposition of collateral permissible. (a) When...

Section 6A-9-206. - Security interest arising in purchase or delivery of financial asset. - § 6A-9-206. Security interest arising in purchase or delivery of...

Subpart 2 - Rights and Duties

Section 6A-9-207. - Rights and duties of secured party having possession or control of collateral. - § 6A-9-207. Rights and duties of secured party having possession...

Section 6A-9-208. - Additional duties of secured party having control of collateral. - § 6A-9-208. Additional duties of secured party having control of...

Section 6A-9-209. - Duties of secured party if account debtor has been notified of assignment. - § 6A-9-209. Duties of secured party if account debtor has...

Section 6A-9-210. - Request for accounting; request regarding list of collateral or statement of account. - § 6A-9-210. Request for accounting; request regarding list of collateral...

Part 3 - Perfection and Priority

Subpart 1 - Law Governing Perfection and Priority

Section 6A-9-301. - Law governing perfection and priority of security interests. - § 6A-9-301. Law governing perfection and priority of security interests....

Section 6A-9-302. - Law governing perfection and priority of agricultural liens. - § 6A-9-302. Law governing perfection and priority of agricultural liens....

Section 6A-9-303. - Law governing perfection and priority of security interests in goods covered by a certificate of title. - § 6A-9-303. Law governing perfection and priority of security interests...

Section 6A-9-304. - Law governing perfection and priority of security interests in deposit accounts. - § 6A-9-304. Law governing perfection and priority of security interests...

Section 6A-9-305. - Law governing perfection and priority of security interests in investment property. - § 6A-9-305. Law governing perfection and priority of security interests...

Section 6A-9-306. - Law governing perfection and priority of security interests in letter-of-credit rights. - § 6A-9-306. Law governing perfection and priority of security interests...

Section 6A-9-307. - Location of debtor. - § 6A-9-307. Location of debtor. (a) “Place of business.” In...

Subpart 2 - Perfection

Section 6A-9-308. - When security interest or agricultural lien is perfected; continuity of perfection. - § 6A-9-308. When security interest or agricultural lien is perfected;...

Section 6A-9-309. - Security interest perfected upon attachment. - § 6A-9-309. Security interest perfected upon attachment. The following security...

Section 6A-9-310. - When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. - § 6A-9-310. When filing required to perfect security interest or...

Section 6A-9-311. - Perfection of security interests in property subject to certain statutes, regulations, and treaties. - § 6A-9-311. Perfection of security interests in property subject to...

Section 6A-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... - § 6A-9-312. Perfection of security interests in chattel paper, deposit...

Section 6A-9-313. - When possession by or delivery to secured party perfects security interest without filing. - § 6A-9-313. When possession by or delivery to secured party...

Section 6A-9-314. - Perfection by control. - § 6A-9-314. Perfection by control. (a) Perfection by control. A...

Section 6A-9-315. - Secured party’s rights on disposition of collateral and in proceeds. - § 6A-9-315. Secured party’s rights on disposition of collateral and...

Section 6A-9-316. - Effect of change in governing law. - § 6A-9-316. Effect of change in governing law. (a) General...

Subpart 3 - Priority

Section 6A-9-317. - Interests that take priority over or take free of security interest or agricultural lien. - § 6A-9-317. Interests that take priority over or take free...

Section 6A-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. - § 6A-9-318. No interest retained in right to payment that...

Section 6A-9-319. - Rights and title of consignee with respect to creditors and purchasers. - § 6A-9-319. Rights and title of consignee with respect to...

Section 6A-9-320. - Buyer of goods. - § 6A-9-320. Buyer of goods. (a) Buyer in ordinary course...

Section 6A-9-321. - Licensee of general intangible and lessee of goods in ordinary course of business. - § 6A-9-321. Licensee of general intangible and lessee of goods...

Section 6A-9-322. - Priorities among conflicting security interests in and agricultural liens on same collateral. - § 6A-9-322. Priorities among conflicting security interests in and agricultural...

Section 6A-9-323. - Future advances. - § 6A-9-323. Future advances. (a) When priority based on time...

Section 6A-9-324. - Priority of purchase-money security interests. - § 6A-9-324. Priority of purchase-money security interests. (a) General rule:...

Section 6A-9-325. - Priority of security interests in transferred collateral. - § 6A-9-325. Priority of security interests in transferred collateral. (a)...

Section 6A-9-326. - Priority of security interests created by new debtor. - § 6A-9-326. Priority of security interests created by new debtor....

Section 6A-9-327. - Priority of security interests in deposit account. - § 6A-9-327. Priority of security interests in deposit account. The...

Section 6A-9-328. - Priority of security interests in investment property. - § 6A-9-328. Priority of security interests in investment property. The...

Section 6A-9-329. - Priority of security interests in letter-of-credit right. - § 6A-9-329. Priority of security interests in letter-of-credit right. The...

Section 6A-9-330. - Priority of purchaser of chattel paper or instrument. - § 6A-9-330. Priority of purchaser of chattel paper or instrument....

Section 6A-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. - § 6A-9-331. Priority of rights of purchasers of instruments, documents,...

Section 6A-9-332. - Transfer of money; transfer of funds from deposit account. - § 6A-9-332. Transfer of money; transfer of funds from deposit...

Section 6A-9-333. - Priority of certain liens arising by operation of law. - § 6A-9-333. Priority of certain liens arising by operation of...

Section 6A-9-334. - Priority of security interests in fixtures and crops. - § 6A-9-334. Priority of security interests in fixtures and crops....

Section 6A-9-335. - Accessions. - § 6A-9-335. Accessions. (a) Creation of security interest in accession....

Section 6A-9-336. - Commingled goods. - § 6A-9-336. Commingled goods. (a) “Commingled goods.” In this section,...

Section 6A-9-337. - Priority of security interests in goods covered by certificate of title. - § 6A-9-337. Priority of security interests in goods covered by...

Section 6A-9-338. - Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. - § 6A-9-338. Priority of security interest or agricultural lien perfected...

Section 6A-9-339. - Priority subject to subordination. - § 6A-9-339. Priority subject to subordination. This chapter does not...

Subpart 4 - Rights of Bank

Section 6A-9-340. - Effectiveness of right of recoupment or set-off against deposit account. - § 6A-9-340. Effectiveness of right of recoupment or set-off against...

Section 6A-9-341. - Bank’s rights and duties with respect to deposit account. - § 6A-9-341. Bank’s rights and duties with respect to deposit...

Section 6A-9-342. - Bank’s right to refuse to enter into or disclose existence of control agreement. - § 6A-9-342. Bank’s right to refuse to enter into or...

Part 4 - Rights of Third Parties

Section 6A-9-401. - Alienability of debtor’s rights. - § 6A-9-401. Alienability of debtor’s rights. (a) Other law governs...

Section 6A-9-402. - Secured party not obligated on contract of debtor or in tort. - § 6A-9-402. Secured party not obligated on contract of debtor...

Section 6A-9-403. - Agreement not to assert defenses against assignee. - § 6A-9-403. Agreement not to assert defenses against assignee. (a)...

Section 6A-9-404. - Rights acquired by assignee; claims and defenses against assignee. - § 6A-9-404. Rights acquired by assignee; claims and defenses against...

Section 6A-9-405. - Modification of assigned contract. - § 6A-9-405. Modification of assigned contract. (a) Effect of modification...

Section 6A-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. - § 6A-9-406. Discharge of account debtor; notification of assignment; identification...

Section 6A-9-407. - Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest. - § 6A-9-407. Restrictions on creation or enforcement of security interest...

Section 6A-9-408. - Restrictions on assignment of promissory notes, health-care insurance receivables, and certain general intangibles ineffective. - § 6A-9-408. Restrictions on assignment of promissory notes, health-care insurance...

Section 6A-9-409. - Restrictions on assignment of letter-of-credit rights ineffective. - § 6A-9-409. Restrictions on assignment of letter-of-credit rights ineffective. (a)...

Part 5 - Filing

Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement

Section 6A-9-501. - Filing office. - § 6A-9-501. Filing office. (a) Filing offices. Except as otherwise...

Section 6A-9-502. - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. - § 6A-9-502. Contents of financing statement; record of mortgage as...

Section 6A-9-503. - Name of debtor and secured party. - § 6A-9-503. Name of debtor and secured party. (a) Sufficiency...

Section 6A-9-504. - Indication of collateral. - § 6A-9-504. Indication of collateral. A financing statement sufficiently indicates...

Section 6A-9-505. - Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. - § 6A-9-505. Filing and compliance with other statutes and treaties...

Section 6A-9-506. - Effect of errors or omissions. - § 6A-9-506. Effect of errors or omissions. (a) Minor errors...

Section 6A-9-507. - Effect of certain events on effectiveness of financing statement. - § 6A-9-507. Effect of certain events on effectiveness of financing...

Section 6A-9-508. - Effectiveness of financing statement if new debtor becomes bound by security agreement. - § 6A-9-508. Effectiveness of financing statement if new debtor becomes...

Section 6A-9-509. - Persons entitled to file a record. - § 6A-9-509. Persons entitled to file a record. (a) Person...

Section 6A-9-510. - Effectiveness of filed record. - § 6A-9-510. Effectiveness of filed record. (a) Filed record effective...

Section 6A-9-511. - Secured party of record. - § 6A-9-511. Secured party of record. (a) Secured party of...

Section 6A-9-512. - Amendment of financing statement. - § 6A-9-512. Amendment of financing statement. (a) Amendment of information...

Section 6A-9-513. - Termination statement. - § 6A-9-513. Termination statement. (a) Consumer goods. A secured party...

Section 6A-9-514. - Assignment of powers of secured party of record. - § 6A-9-514. Assignment of powers of secured party of record....

Section 6A-9-515. - Duration and effectiveness of financing statement; effect of lapsed financing statement. - § 6A-9-515. Duration and effectiveness of financing statement; effect of...

Section 6A-9-516. - What constitutes filing; effectiveness of filing. - § 6A-9-516. What constitutes filing; effectiveness of filing. (a) What...

Section 6A-9-517. - Effect of indexing errors. - § 6A-9-517. Effect of indexing errors. The failure of the...

Section 6A-9-518. - Claim concerning inaccurate or wrongfully filed record. - § 6A-9-518. Claim concerning inaccurate or wrongfully filed record. (a)...

Subpart 2 - Duties and Operation of Filing Office

Section 6A-9-519. - Numbering, maintaining, and indexing records; communicating information provided in records. - § 6A-9-519. Numbering, maintaining, and indexing records; communicating information provided...

Section 6A-9-520. - Acceptance and refusal to accept record. - § 6A-9-520. Acceptance and refusal to accept record. (a) Mandatory...

Section 6A-9-521. - Uniform form of written financing statement and amendment. - § 6A-9-521. Uniform form of written financing statement and amendment....

Section 6A-9-522. - Maintenance and destruction of records. - § 6A-9-522. Maintenance and destruction of records. (a) Post-lapse maintenance...

Section 6A-9-523. - Information from filing office; sale or license of records. - § 6A-9-523. Information from filing office; sale or license of...

Section 6A-9-524. - Delay by filing office. - § 6A-9-524. Delay by filing office. Delay by the filing...

Section 6A-9-525. - Fees. - § 6A-9-525. Fees. (a) Initial financing statement or other record:...

Section 6A-9-526. - Filing-office rules. - § 6A-9-526. Filing-office rules. (a) Adoption of filing-office rules. The...

Section 6A-9-527. - Duty to report. - § 6A-9-527. Duty to report. The secretary of state shall...

Part 6 - Default

Subpart 1 - Default and Enforcement of Security Interest

Section 6A-9-601. - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. - § 6A-9-601. Rights after default; judicial enforcement; consignor or buyer...

Section 6A-9-602. - Waiver and variance of rights and duties. - § 6A-9-602. Waiver and variance of rights and duties. Except...

Section 6A-9-603. - Agreement on standards concerning rights and duties. - § 6A-9-603. Agreement on standards concerning rights and duties. (a)...

Section 6A-9-604. - Procedure if security agreement covers real property or fixtures. - § 6A-9-604. Procedure if security agreement covers real property or...

Section 6A-9-605. - Unknown debtor or secondary obligor. - § 6A-9-605. Unknown debtor or secondary obligor. A secured party...

Section 6A-9-606. - Time of default for agricultural lien. - § 6A-9-606. Time of default for agricultural lien. For purposes...

Section 6A-9-607. - Collection and enforcement by secured party. - § 6A-9-607. Collection and enforcement by secured party. (a) Collection...

Section 6A-9-608. - Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. - § 6A-9-608. Application of proceeds of collection or enforcement; liability...

Section 6A-9-609. - Secured party’s right to take possession after default. - § 6A-9-609. Secured party’s right to take possession after default....

Section 6A-9-610. - Disposition of collateral after default. - § 6A-9-610. Disposition of collateral after default. (a) Disposition after...

Section 6A-9-611. - Notification before disposition of collateral. - § 6A-9-611. Notification before disposition of collateral. (a) “Notification date.”...

Section 6A-9-612. - Timeliness of notification before disposition of collateral. - § 6A-9-612. Timeliness of notification before disposition of collateral. (a)...

Section 6A-9-613. - Contents and form of notification before disposition of collateral — General. - § 6A-9-613. Contents and form of notification before disposition of...

Section 6A-9-614. - Contents and form of notification before disposition of collateral — Consumer-goods transaction. - § 6A-9-614. Contents and form of notification before disposition of...

Section 6A-9-615. - Application of proceeds of disposition; liability for deficiency and right to surplus. - § 6A-9-615. Application of proceeds of disposition; liability for deficiency...

Section 6A-9-615.1. - Security interests — Cross collateral. - § 6A-9-615.1. Security interests — Cross collateral. (a) In a...

Section 6A-9-616. - Explanation of calculation of surplus or deficiency. - § 6A-9-616. Explanation of calculation of surplus or deficiency. (a)...

Section 6A-9-617. - Rights of transferee of collateral. - § 6A-9-617. Rights of transferee of collateral. (a) Effects of...

Section 6A-9-618. - Rights and duties of certain secondary obligors. - § 6A-9-618. Rights and duties of certain secondary obligors. (a)...

Section 6A-9-619. - Transfer of record or legal title. - § 6A-9-619. Transfer of record or legal title. (a) “Transfer...

Section 6A-9-620. - Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. - § 6A-9-620. Acceptance of collateral in full or partial satisfaction...

Section 6A-9-621. - Notification of proposal to accept collateral. - § 6A-9-621. Notification of proposal to accept collateral. (a) Persons...

Section 6A-9-622. - Effect of acceptance of collateral. - § 6A-9-622. Effect of acceptance of collateral. (a) Effect of...

Section 6A-9-623. - Right to redeem collateral. - § 6A-9-623. Right to redeem collateral. (a) Persons that may...

Section 6A-9-624. - Waiver. - § 6A-9-624. Waiver. (a) Waiver of disposition notification. A debtor...

Subpart 2 - Noncompliance with Chapter

Section 6A-9-625. - Remedies for secured party’s failure to comply with chapter. - § 6A-9-625. Remedies for secured party’s failure to comply with...

Section 6A-9-626. - Action in which deficiency or surplus is in issue. - § 6A-9-626. Action in which deficiency or surplus is in...

Section 6A-9-627. - Determination of whether conduct was commercially reasonable. - § 6A-9-627. Determination of whether conduct was commercially reasonable. (a)...

Section 6A-9-628. - Nonliability and limitation on liability of secured party; liability of secondary obligor. - § 6A-9-628. Nonliability and limitation on liability of secured party;...

Part 7 - Transition

Section 6A-9-701. - Effective date. - § 6A-9-701. Effective date. This chapter takes effect on July...

Section 6A-9-702. - Savings clause. - § 6A-9-702. Savings clause. (a) Pre-effective-date transactions or liens. Except...

Section 6A-9-703. - Security interest perfected before effective date. - § 6A-9-703. Security interest perfected before effective date. (a) Continuing...

Section 6A-9-704. - Security interest unperfected before effective date. - § 6A-9-704. Security interest unperfected before effective date. A security...

Section 6A-9-705. - Effectiveness of action taken before effective date. - § 6A-9-705. Effectiveness of action taken before effective date. (a)...

Section 6A-9-706. - When initial financing statement suffices to continue effectiveness of financing statement. - § 6A-9-706. When initial financing statement suffices to continue effectiveness...

Section 6A-9-707. - Amendment of pre-effective-date financing statement. - § 6A-9-707. Amendment of pre-effective-date financing statement. (a) Pre-effective date...

Section 6A-9-708. - Persons entitled to file initial financing statement or continuation statement. - § 6A-9-708. Persons entitled to file initial financing statement or...

Section 6A-9-709. - Priority. - § 6A-9-709. Priority. (a) Law governing priority. This chapter determines...

Section 6A-9-710. - Official comments. - § 6A-9-710. Official comments. It is the intention of the...

Section 6A-9-801. - Effective date. - § 6A-9-801. Effective date. (a) In this part, “amendatory act”...

Section 6A-9-802. - Savings clause. - § 6A-9-802. Savings clause. (a) Pre-effective-date transactions or liens. Except...

Section 6A-9-803. - Security interest perfected before effective date. - § 6A-9-803. Security interest perfected before effective date. (a) Continuing...

Section 6A-9-804. - Security interest unperfected before effective date. - § 6A-9-804. Security interest unperfected before effective date. A security...

Section 6A-9-805. - Effectiveness of action taken before effective date. - § 6A-9-805. Effectiveness of action taken before effective date. (a)...

Section 6A-9-806. - When initial financing statement suffices to continue effectiveness of financing statement. - § 6A-9-806. When initial financing statement suffices to continue effectiveness...

Section 6A-9-807. - Amendment of pre-effective-date financing statement. - § 6A-9-807. Amendment of pre-effective-date financing statement. (a) Pre-effective-date financing...

Section 6A-9-808. - Person entitled to file initial financing statement or continuation statement. - § 6A-9-808. Person entitled to file initial financing statement or...

Section 6A-9-809. - Priority. - § 6A-9-809. Priority. The amendatory act determines the priority of...

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Rhode Island General Laws Title 6A - Uniform Commercial Code Chapter 6A-9 - Secured Transactions

Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions