Texas Statutes
Business and Commerce Code
Title 1 - Uniform Commercial Code

Section 1.103. Construction of Title to Promote Its Purposes and Policies; Applicability of Supplemental Principles of Law - Sec. 1.103. CONSTRUCTION OF TITLE TO PROMOTE ITS PURPOSES AND...

Section 1.104. Construction Against Implied Repeal - Sec. 1.104. CONSTRUCTION AGAINST IMPLIED REPEAL. This title being a...

Section 1.105. Severability - Sec. 1.105. SEVERABILITY. If any provision or clause of this...

Section 1.106. Use of Singular and Plural; Gender - Sec. 1.106. USE OF SINGULAR AND PLURAL; GENDER. In this...

Section 1.107. Section Captions - Sec. 1.107. SECTION CAPTIONS. Section captions are parts of this...

Section 1.108. Relation to Electronic Signatures in Global and National Commerce Act - Sec. 1.108. RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL...

Subchapter B. General Definitions and Principles of Interpretation

Section 1.201. General Definitions - Sec. 1.201. GENERAL DEFINITIONS. (a) Unless the context otherwise requires,...

Section 1.202. Notice; Knowledge - Sec. 1.202. NOTICE; KNOWLEDGE. (a) Subject to Subsection (f), a...

Section 1.203. Lease Distinguished From Security Interest - Sec. 1.203. LEASE DISTINGUISHED FROM SECURITY INTEREST. (a) Whether a...

Section 1.204. Value - Sec. 1.204. VALUE. Except as otherwise provided in Chapters 3,...

Section 1.205. Reasonable Time; Seasonableness - Sec. 1.205. REASONABLE TIME; SEASONABLENESS. (a) Whether a time for...

Section 1.206. Presumptions - Sec. 1.206. PRESUMPTIONS. Whenever this title creates a "presumption" with...

Subchapter C. Territorial Applicability and General Rules

Section 1.301. Territorial Application of the Title; Parties' Power to Choose Applicable Law - Sec. 1.301. TERRITORIAL APPLICATION OF THE TITLE; PARTIES' POWER TO...

Section 1.302. Variation by Agreement - Sec. 1.302. VARIATION BY AGREEMENT. (a) Except as otherwise provided...

Section 1.303. Course of Performance, Course of Dealing, and Usage of Trade - Sec. 1.303. COURSE OF PERFORMANCE, COURSE OF DEALING, AND USAGE...

Section 1.304. Obligation of Good Faith - Sec. 1.304. OBLIGATION OF GOOD FAITH. Every contract or duty...

Section 1.305. Remedies to Be Liberally Administered - Sec. 1.305. REMEDIES TO BE LIBERALLY ADMINISTERED. (a) The remedies...

Section 1.306. Waiver of Renunciation of Claim or Right After Breach - Sec. 1.306. WAIVER OF RENUNCIATION OF CLAIM OR RIGHT AFTER...

Section 1.307. Prima Facie Evidence by Third-Party Documents - Sec. 1.307. PRIMA FACIE EVIDENCE BY THIRD-PARTY DOCUMENTS. A document...

Section 1.308. Performance or Acceptance Under Reservation of Rights - Sec. 1.308. PERFORMANCE OR ACCEPTANCE UNDER RESERVATION OF RIGHTS. (a)...

Section 1.309. Option to Accelerate at Will - Sec. 1.309. OPTION TO ACCELERATE AT WILL. A term providing...

Section 1.310. Subordinated Obligations - Sec. 1.310. SUBORDINATED OBLIGATIONS. An obligation may be issued as...

Chapter 2 - Sales

Subchapter A. Short Title, General Construction and Subject Matter

Section 2.101. Short Title - Sec. 2.101. SHORT TITLE. This chapter may be cited as...

Section 2.102. Scope; Certain Security and Other Transactions Excluded From This Chapter - Sec. 2.102. SCOPE; CERTAIN SECURITY AND OTHER TRANSACTIONS EXCLUDED FROM...

Section 2.103. Definitions and Index of Definitions - Sec. 2.103. DEFINITIONS AND INDEX OF DEFINITIONS. (a) In this...

Section 2.104. Definitions: "Merchant"; "Between Merchants"; "Financing Agency" - Sec. 2.104. DEFINITIONS: "MERCHANT"; "BETWEEN MERCHANTS"; "FINANCING AGENCY". (a) "Merchant"...

Section 2.105. Definitions: Transferability; "Goods"; "Future" Goods; "Lot"; "Commercial Unit" - Sec. 2.105. DEFINITIONS: TRANSFERABILITY; "GOODS"; "FUTURE" GOODS; "LOT"; "COMMERCIAL UNIT"....

Section 2.106. Definitions: "Contract"; "Agreement"; "Contract for Sale"; "Sale"; "Present Sale"; "Conforming" to Contract; "Termination"; "Cancellation" - Sec. 2.106. DEFINITIONS: "CONTRACT"; "AGREEMENT"; "CONTRACT FOR SALE"; "SALE"; "PRESENT...

Section 2.107. Goods to Be Severed From Realty: Recording - Sec. 2.107. GOODS TO BE SEVERED FROM REALTY: RECORDING. (a)...

Subchapter B. Form, Formation and Readjustment of Contract

Section 2.201. Formal Requirements; Statute of Frauds - Sec. 2.201. FORMAL REQUIREMENTS; STATUTE OF FRAUDS. (a) Except as...

Section 2.202. Final Written Expression: Parol or Extrinsic Evidence - Sec. 2.202. FINAL WRITTEN EXPRESSION: PAROL OR EXTRINSIC EVIDENCE. Terms...

Section 2.203. Seals Inoperative - Sec. 2.203. SEALS INOPERATIVE. The affixing of a seal to...

Section 2.204. Formation in General - Sec. 2.204. FORMATION IN GENERAL. (a) A contract for sale...

Section 2.205. Firm Offers - Sec. 2.205. FIRM OFFERS. An offer by a merchant to...

Section 2.206. Offer and Acceptance in Formation of Contract - Sec. 2.206. OFFER AND ACCEPTANCE IN FORMATION OF CONTRACT. (a)...

Section 2.207. Additional Terms in Acceptance or Confirmation - Sec. 2.207. ADDITIONAL TERMS IN ACCEPTANCE OR CONFIRMATION. (a) A...

Section 2.209. Modification, Rescission and Waiver - Sec. 2.209. MODIFICATION, RESCISSION AND WAIVER. (a) An agreement modifying...

Section 2.210. Delegation of Performance; Assignment of Rights - Sec. 2.210. DELEGATION OF PERFORMANCE; ASSIGNMENT OF RIGHTS. (a) A...

Subchapter C. General Obligation and Construction of Contract

Section 2.301. General Obligations of Parties - Sec. 2.301. GENERAL OBLIGATIONS OF PARTIES. The obligation of the...

Section 2.302. Unconscionable Contract or Clause - Sec. 2.302. UNCONSCIONABLE CONTRACT OR CLAUSE. (a) If the court...

Section 2.303. Allocation or Division of Risks - Sec. 2.303. ALLOCATION OR DIVISION OF RISKS. Where this chapter...

Section 2.304. Price Payable in Money, Goods, Realty, or Otherwise - Sec. 2.304. PRICE PAYABLE IN MONEY, GOODS, REALTY, OR OTHERWISE....

Section 2.305. Open Price Term - Sec. 2.305. OPEN PRICE TERM. (a) The parties if they...

Section 2.306. Output, Requirements and Exclusive Dealings - Sec. 2.306. OUTPUT, REQUIREMENTS AND EXCLUSIVE DEALINGS. (a) A term...

Section 2.307. Delivery in Single Lot or Several Lots - Sec. 2.307. DELIVERY IN SINGLE LOT OR SEVERAL LOTS. Unless...

Section 2.308. Absence of Specified Place for Delivery - Sec. 2.308. ABSENCE OF SPECIFIED PLACE FOR DELIVERY. Unless otherwise...

Section 2.309. Absence of Specific Time Provisions; Notice of Termination - Sec. 2.309. ABSENCE OF SPECIFIC TIME PROVISIONS; NOTICE OF TERMINATION....

Section 2.310. Open Time for Payment or Running of Credit; Authority to Ship Under Reservation - Sec. 2.310. OPEN TIME FOR PAYMENT OR RUNNING OF CREDIT;...

Section 2.311. Options and Cooperation Respecting Performance - Sec. 2.311. OPTIONS AND COOPERATION RESPECTING PERFORMANCE. (a) An agreement...

Section 2.312. Warranty of Title and Against Infringement; Buyer's Obligation Against Infringement - Sec. 2.312. WARRANTY OF TITLE AND AGAINST INFRINGEMENT; BUYER'S OBLIGATION...

Section 2.313. Express Warranties by Affirmation, Promise, Description, Sample - Sec. 2.313. EXPRESS WARRANTIES BY AFFIRMATION, PROMISE, DESCRIPTION, SAMPLE. (a)...

Section 2.314. Implied Warranty: Merchantability; Usage of Trade - Sec. 2.314. IMPLIED WARRANTY: MERCHANTABILITY; USAGE OF TRADE. (a) Unless...

Section 2.315. Implied Warranty: Fitness for Particular Purpose - Sec. 2.315. IMPLIED WARRANTY: FITNESS FOR PARTICULAR PURPOSE. Where the...

Section 2.316. Exclusion or Modification of Warranties - Sec. 2.316. EXCLUSION OR MODIFICATION OF WARRANTIES. (a) Words or...

Section 2.317. Cumulation and Conflict of Warranties Express or Implied - Sec. 2.317. CUMULATION AND CONFLICT OF WARRANTIES EXPRESS OR IMPLIED....

Section 2.318. Chapter Neutral on Question of Third Party Beneficiaries of Warranties of Quality and on Need for Privity of Contract - Sec. 2.318. CHAPTER NEUTRAL ON QUESTION OF THIRD PARTY BENEFICIARIES...

Section 2.319. F - Sec. 2.319. F.O.B. AND F.A.S. TERMS. (a) Unless otherwise agreed...

Section 2.320. C - Sec. 2.320. C.I.F. AND C. & F. TERMS. (a) The...

Section 2.321. C - Sec. 2.321. C.I.F. OR C. & F.: "NET LANDED WEIGHTS";...

Section 2.322. Delivery "Ex-Ship" - Sec. 2.322. DELIVERY "EX-SHIP". (a) Unless otherwise agreed a term...

Section 2.323. Form of Bill of Lading Required in Overseas Shipment; "Overseas" - Sec. 2.323. FORM OF BILL OF LADING REQUIRED IN OVERSEAS...

Section 2.324. "No Arrival, No Sale" Term - Sec. 2.324. "NO ARRIVAL, NO SALE" TERM. Under a term...

Section 2.325. "Letter of Credit" Term; "Confirmed Credit" - Sec. 2.325. "LETTER OF CREDIT" TERM; "CONFIRMED CREDIT". (a) Failure...

Section 2.326. Sale on Approval and Sale or Return; Rights of Creditors - Sec. 2.326. SALE ON APPROVAL AND SALE OR RETURN; RIGHTS...

Section 2.327. Special Incidents of Sale on Approval and Sale or Return - Sec. 2.327. SPECIAL INCIDENTS OF SALE ON APPROVAL AND SALE...

Section 2.328. Sale by Auction - Sec. 2.328. SALE BY AUCTION. (a) In a sale by...

Subchapter D. Title, Creditors and Good Faith Purchasers

Section 2.401. Passing of Title; Reservation for Security; Limited Application of This Section - Sec. 2.401. PASSING OF TITLE; RESERVATION FOR SECURITY; LIMITED APPLICATION...

Section 2.402. Rights of Seller's Creditors Against Sold Goods - Sec. 2.402. RIGHTS OF SELLER'S CREDITORS AGAINST SOLD GOODS. (a)...

Section 2.403. Power to Transfer; Good Faith Purchase of Goods; "Entrusting" - Sec. 2.403. POWER TO TRANSFER; GOOD FAITH PURCHASE OF GOODS;...

Subchapter E. Performance

Section 2.501. Insurable Interest in Goods; Manner of Identification of Goods - Sec. 2.501. INSURABLE INTEREST IN GOODS; MANNER OF IDENTIFICATION OF...

Section 2.502. Buyer's Right to Goods on Seller's Repudiation, Failure to Deliver, or Insolvency - Sec. 2.502. BUYER'S RIGHT TO GOODS ON SELLER'S REPUDIATION, FAILURE...

Section 2.503. Manner of Seller's Tender of Delivery - Sec. 2.503. MANNER OF SELLER'S TENDER OF DELIVERY. (a) Tender...

Section 2.504. Shipment by Seller - Sec. 2.504. SHIPMENT BY SELLER. Where the seller is required...

Section 2.505. Seller's Shipment Under Reservation - Sec. 2.505. SELLER'S SHIPMENT UNDER RESERVATION. (a) Where the seller...

Section 2.506. Rights of Financing Agency - Sec. 2.506. RIGHTS OF FINANCING AGENCY. (a) A financing agency...

Section 2.507. Effect of Seller's Tender; Delivery on Condition - Sec. 2.507. EFFECT OF SELLER'S TENDER; DELIVERY ON CONDITION. (a)...

Section 2.508. Cure by Seller of Improper Tender or Delivery; Replacement - Sec. 2.508. CURE BY SELLER OF IMPROPER TENDER OR DELIVERY;...

Section 2.509. Risk of Loss in the Absence of Breach - Sec. 2.509. RISK OF LOSS IN THE ABSENCE OF BREACH....

Section 2.510. Effect of Breach on Risk of Loss - Sec. 2.510. EFFECT OF BREACH ON RISK OF LOSS. (a)...

Section 2.511. Tender of Payment by Buyer; Payment by Check - Sec. 2.511. TENDER OF PAYMENT BY BUYER; PAYMENT BY CHECK....

Section 2.512. Payment by Buyer Before Inspection - Sec. 2.512. PAYMENT BY BUYER BEFORE INSPECTION. (a) Where the...

Section 2.513. Buyer's Right to Inspection of Goods - Sec. 2.513. BUYER'S RIGHT TO INSPECTION OF GOODS. (a) Unless...

Section 2.514. When Documents Deliverable on Acceptance; When on Payment - Sec. 2.514. WHEN DOCUMENTS DELIVERABLE ON ACCEPTANCE; WHEN ON PAYMENT....

Section 2.515. Preserving Evidence of Goods in Dispute - Sec. 2.515. PRESERVING EVIDENCE OF GOODS IN DISPUTE. In furtherance...

Subchapter F. Breach, Repudiation and Excuse

Section 2.601. Buyer's Rights on Improper Delivery - Sec. 2.601. BUYER'S RIGHTS ON IMPROPER DELIVERY. Subject to the...

Section 2.602. Manner and Effect of Rightful Rejection - Sec. 2.602. MANNER AND EFFECT OF RIGHTFUL REJECTION. (a) Rejection...

Section 2.603. Merchant Buyer's Duties as to Rightfully Rejected Goods - Sec. 2.603. MERCHANT BUYER'S DUTIES AS TO RIGHTFULLY REJECTED GOODS....

Section 2.604. Buyer's Options as to Salvage of Rightfully Rejected Goods - Sec. 2.604. BUYER'S OPTIONS AS TO SALVAGE OF RIGHTFULLY REJECTED...

Section 2.605. Waiver of Buyer's Objections by Failure to Particularize - Sec. 2.605. WAIVER OF BUYER'S OBJECTIONS BY FAILURE TO PARTICULARIZE....

Section 2.606. What Constitutes Acceptance of Goods - Sec. 2.606. WHAT CONSTITUTES ACCEPTANCE OF GOODS. (a) Acceptance of...

Section 2.607. Effect of Acceptance; Notice of Breach; Burden of Establishing Breach After Acceptance; Notice of Claim or Litigation to Person Answerable Over - Sec. 2.607. EFFECT OF ACCEPTANCE; NOTICE OF BREACH; BURDEN OF...

Section 2.608. Revocation of Acceptance in Whole or in Part - Sec. 2.608. REVOCATION OF ACCEPTANCE IN WHOLE OR IN PART....

Section 2.609. Right to Adequate Assurance of Performance - Sec. 2.609. RIGHT TO ADEQUATE ASSURANCE OF PERFORMANCE. (a) A...

Section 2.610. Anticipatory Repudiation - Sec. 2.610. ANTICIPATORY REPUDIATION. When either party repudiates the contract...

Section 2.611. Retraction of Anticipatory Repudiation - Sec. 2.611. RETRACTION OF ANTICIPATORY REPUDIATION. (a) Until the repudiating...

Section 2.612. "Installment Contract"; Breach - Sec. 2.612. "INSTALLMENT CONTRACT"; BREACH. (a) An "installment contract" is...

Section 2.613. Casualty to Identified Goods - Sec. 2.613. CASUALTY TO IDENTIFIED GOODS. Where the contract requires...

Section 2.614. Substituted Performance - Sec. 2.614. SUBSTITUTED PERFORMANCE. (a) Where without fault of either...

Section 2.615. Excuse by Failure of Presupposed Conditions - Sec. 2.615. EXCUSE BY FAILURE OF PRESUPPOSED CONDITIONS. Except so...

Section 2.616. Procedure on Notice Claiming Excuse - Sec. 2.616. PROCEDURE ON NOTICE CLAIMING EXCUSE. (a) Where the...

Subchapter G. Remedies

Section 2.701. Remedies for Breach of Collateral Contracts Not Impaired - Sec. 2.701. REMEDIES FOR BREACH OF COLLATERAL CONTRACTS NOT IMPAIRED....

Section 2.702. Seller's Remedies on Discovery of Buyer's Insolvency - Sec. 2.702. SELLER'S REMEDIES ON DISCOVERY OF BUYER'S INSOLVENCY. (a)...

Section 2.703. Seller's Remedies in General - Sec. 2.703. SELLER'S REMEDIES IN GENERAL. Where the buyer wrongfully...

Section 2.704. Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods - Sec. 2.704. SELLER'S RIGHT TO IDENTIFY GOODS TO THE CONTRACT...

Section 2.705. Seller's Stoppage of Delivery in Transit or Otherwise - Sec. 2.705. SELLER'S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE....

Section 2.706. Seller's Resale Including Contract for Resale - Sec. 2.706. SELLER'S RESALE INCLUDING CONTRACT FOR RESALE. (a) Under...

Section 2.707. "Person in the Position of a Seller" - Sec. 2.707. "PERSON IN THE POSITION OF A SELLER". (a)...

Section 2.708. Seller's Damages for Non-Acceptance or Repudiation - Sec. 2.708. SELLER'S DAMAGES FOR NON-ACCEPTANCE OR REPUDIATION. (a) Subject...

Section 2.709. Action for the Price - Sec. 2.709. ACTION FOR THE PRICE. (a) When the buyer...

Section 2.710. Seller's Incidental Damages - Sec. 2.710. SELLER'S INCIDENTAL DAMAGES. Incidental damages to an aggrieved...

Section 2.711. Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods - Sec. 2.711. BUYER'S REMEDIES IN GENERAL; BUYER'S SECURITY INTEREST IN...

Section 2.712. "Cover"; Buyer's Procurement of Substitute Goods - Sec. 2.712. "COVER"; BUYER'S PROCUREMENT OF SUBSTITUTE GOODS. (a) After...

Section 2.713. Buyer's Damages for Non-Delivery or Repudiation - Sec. 2.713. BUYER'S DAMAGES FOR NON-DELIVERY OR REPUDIATION. (a) Subject...

Section 2.714. Buyer's Damages for Breach in Regard to Accepted Goods - Sec. 2.714. BUYER'S DAMAGES FOR BREACH IN REGARD TO ACCEPTED...

Section 2.715. Buyer's Incidental and Consequential Damages - Sec. 2.715. BUYER'S INCIDENTAL AND CONSEQUENTIAL DAMAGES. (a) Incidental damages...

Section 2.716. Buyer's Right to Specific Performance or Replevin - Sec. 2.716. BUYER'S RIGHT TO SPECIFIC PERFORMANCE OR REPLEVIN. (a)...

Section 2.717. Deduction of Damages From the Price - Sec. 2.717. DEDUCTION OF DAMAGES FROM THE PRICE. The buyer...

Section 2.718. Liquidation or Limitation of Damages; Deposits - Sec. 2.718. LIQUIDATION OR LIMITATION OF DAMAGES; DEPOSITS. (a) Damages...

Section 2.719. Contractual Modification or Limitation of Remedy - Sec. 2.719. CONTRACTUAL MODIFICATION OR LIMITATION OF REMEDY. (a) Subject...

Section 2.720. Effect of "Cancellation" or "Rescission" on Claims for Antecedent Breach - Sec. 2.720. EFFECT OF "CANCELLATION" OR "RESCISSION" ON CLAIMS FOR...

Section 2.721. Remedies for Fraud - Sec. 2.721. REMEDIES FOR FRAUD. Remedies for material misrepresentation or...

Section 2.722. Who Can Sue Third Parties for Injury to Goods - Sec. 2.722. WHO CAN SUE THIRD PARTIES FOR INJURY TO...

Section 2.723. Proof of Market Price: Time and Place - Sec. 2.723. PROOF OF MARKET PRICE: TIME AND PLACE. (a)...

Section 2.724. Admissibility of Market Quotations - Sec. 2.724. ADMISSIBILITY OF MARKET QUOTATIONS. Whenever the prevailing price...

Section 2.725. Statute of Limitations in Contracts for Sale - Sec. 2.725. STATUTE OF LIMITATIONS IN CONTRACTS FOR SALE. (a)...

Chapter 2A - Leases

Subchapter A. General Provisions

Section 2A.101. Short Title - Sec. 2A.101. SHORT TITLE. This chapter shall be known and...

Section 2A.102. Scope - Sec. 2A.102. SCOPE. This chapter applies to any transaction, regardless...

Section 2A.103. Definitions and Index of Definitions - Sec. 2A.103. DEFINITIONS AND INDEX OF DEFINITIONS. (a) In this...

Section 2A.104. Leases Subject to Other Laws - Sec. 2A.104. LEASES SUBJECT TO OTHER LAWS. (a) A lease,...

Section 2A.105. Territorial Application of Chapter to Goods Covered by Certificate of Title - Sec. 2A.105. TERRITORIAL APPLICATION OF CHAPTER TO GOODS COVERED BY...

Section 2A.106. Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum - Sec. 2A.106. LIMITATION ON POWER OF PARTIES TO CONSUMER LEASE...

Section 2A.107. Waiver or Renunciation of Claim or Right After Default - Sec. 2A.107. WAIVER OR RENUNCIATION OF CLAIM OR RIGHT AFTER...

Section 2A.108. Unconscionability - Sec. 2A.108. UNCONSCIONABILITY. (a) If the court as a matter...

Section 2A.109. Option to Accelerate at Will - Sec. 2A.109. OPTION TO ACCELERATE AT WILL. (a) A term...

Subchapter B. Formation and Construction of Lease Contract

Section 2A.201. Statute of Frauds - Sec. 2A.201. STATUTE OF FRAUDS. (a) A lease contract is...

Section 2A.202. Final Written Expression; Parol or Extrinsic Evidence - Sec. 2A.202. FINAL WRITTEN EXPRESSION; PAROL OR EXTRINSIC EVIDENCE. Terms...

Section 2A.203. Seals Inoperative - Sec. 2A.203. SEALS INOPERATIVE. The affixing of a seal to...

Section 2A.204. Formation in General - Sec. 2A.204. FORMATION IN GENERAL. (a) A lease contract may...

Section 2A.205. Firm Offers - Sec. 2A.205. FIRM OFFERS. An offer by a merchant to...

Section 2A.206. Offer and Acceptance in Formation of Lease Contract - Sec. 2A.206. OFFER AND ACCEPTANCE IN FORMATION OF LEASE CONTRACT....

Section 2A.208. Modification, Rescission and Waiver - Sec. 2A.208. MODIFICATION, RESCISSION AND WAIVER. (a) An agreement modifying...

Section 2A.209. Lessee Under Finance Lease as Beneficiary of Supply Contract - Sec. 2A.209. LESSEE UNDER FINANCE LEASE AS BENEFICIARY OF SUPPLY...

Section 2A.210. Express Warranties - Sec. 2A.210. EXPRESS WARRANTIES. (a) Express warranties by the lessor...

Section 2A.211. Warranties Against Interference and Against Infringement; Lessee's Obligation Against Infringement - Sec. 2A.211. WARRANTIES AGAINST INTERFERENCE AND AGAINST INFRINGEMENT; LESSEE'S OBLIGATION...

Section 2A.212. Implied Warranty of Merchantability - Sec. 2A.212. IMPLIED WARRANTY OF MERCHANTABILITY. (a) Except in a...

Section 2A.213. Implied Warranty of Fitness for Particular Purpose - Sec. 2A.213. IMPLIED WARRANTY OF FITNESS FOR PARTICULAR PURPOSE. Except...

Section 2A.214. Exclusion or Modification of Warranties - Sec. 2A.214. EXCLUSION OR MODIFICATION OF WARRANTIES. (a) Words or...

Section 2A.215. Accumulation and Conflict of Warranties Express or Implied - Sec. 2A.215. ACCUMULATION AND CONFLICT OF WARRANTIES EXPRESS OR IMPLIED....

Section 2A.216. Third-Party Beneficiaries of Express and Implied Warranties - Sec. 2A.216. THIRD-PARTY BENEFICIARIES OF EXPRESS AND IMPLIED WARRANTIES. This...

Section 2A.217. Identification - Sec. 2A.217. IDENTIFICATION. Identification of goods as goods to which...

Section 2A.218. Insurance and Proceeds - Sec. 2A.218. INSURANCE AND PROCEEDS. (a) A lessee obtains an...

Section 2A.219. Risk of Loss - Sec. 2A.219. RISK OF LOSS. (a) Except in the case...

Section 2A.220. Effect of Default on Risk of Loss - Sec. 2A.220. EFFECT OF DEFAULT ON RISK OF LOSS. (a)...

Section 2A.221. Casualty to Identified Goods - Sec. 2A.221. CASUALTY TO IDENTIFIED GOODS. If a lease contract...

Subchapter C. Effect of Lease Contract

Section 2A.301. Enforceability of Lease Contract - Sec. 2A.301. ENFORCEABILITY OF LEASE CONTRACT. Except as otherwise provided...

Section 2A.302. Title to and Possession of Goods - Sec. 2A.302. TITLE TO AND POSSESSION OF GOODS. Except as...

Section 2A.303. Alienability of Party's Interest Under Lease Contract or of Lessor's Residual Interest in Goods; Delegation of Performance; Transfer of Rights - Sec. 2A.303. ALIENABILITY OF PARTY'S INTEREST UNDER LEASE CONTRACT OR...

Section 2A.304. Subsequent Lease of Goods by Lessor - Sec. 2A.304. SUBSEQUENT LEASE OF GOODS BY LESSOR. (a) Subject...

Section 2A.305. Sale or Sublease of Goods by Lessee - Sec. 2A.305. SALE OR SUBLEASE OF GOODS BY LESSEE. (a)...

Section 2A.306. Priority of Certain Liens Arising by Operation of Law - Sec. 2A.306. PRIORITY OF CERTAIN LIENS ARISING BY OPERATION OF...

Section 2A.307. Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods - Sec. 2A.307. PRIORITY OF LIENS ARISING BY ATTACHMENT OR LEVY...

Section 2A.308. Special Rights of Creditors - Sec. 2A.308. SPECIAL RIGHTS OF CREDITORS. (a) A creditor of...

Section 2A.309. Lessor's and Lessee's Rights When Goods Become Fixtures - Sec. 2A.309. LESSOR'S AND LESSEE'S RIGHTS WHEN GOODS BECOME FIXTURES....

Section 2A.310. Lessor's and Lessee's Rights When Goods Become Accessions - Sec. 2A.310. LESSOR'S AND LESSEE'S RIGHTS WHEN GOODS BECOME ACCESSIONS....

Subchapter D. Performance of Lease Contract: Repudiated, Substituted and Excused

Section 2A.401. Insecurity: Adequate Assurance of Performance - Sec. 2A.401. INSECURITY: ADEQUATE ASSURANCE OF PERFORMANCE. (a) A lease...

Section 2A.402. Anticipatory Repudiation - Sec. 2A.402. ANTICIPATORY REPUDIATION. If either party repudiates a lease...

Section 2A.403. Retraction of Anticipatory Repudiation - Sec. 2A.403. RETRACTION OF ANTICIPATORY REPUDIATION. (a) Until the repudiating...

Section 2A.404. Substituted Performance - Sec. 2A.404. SUBSTITUTED PERFORMANCE. (a) If without fault of the...

Section 2A.405. Excused Performance - Sec. 2A.405. EXCUSED PERFORMANCE. Subject to Section 2A.404 on substituted...

Section 2A.406. Procedure on Excused Performance - Sec. 2A.406. PROCEDURE ON EXCUSED PERFORMANCE. (a) If the lessee...

Section 2A.407. Irrevocable Promises: Finance Leases - Sec. 2A.407. IRREVOCABLE PROMISES: FINANCE LEASES. (a) In the case...

Subchapter E. Default

Section 2A.501. Default: Procedure - Sec. 2A.501. DEFAULT: PROCEDURE. (a) Whether the lessor or the...

Section 2A.502. Notice After Default - Sec. 2A.502. NOTICE AFTER DEFAULT. Except as provided by this...

Section 2A.503. Modification or Impairment of Rights and Remedies - Sec. 2A.503. MODIFICATION OR IMPAIRMENT OF RIGHTS AND REMEDIES. (a)...

Section 2A.504. Liquidation of Damages - Sec. 2A.504. LIQUIDATION OF DAMAGES. (a) Damages payable by either...

Section 2A.505. Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies - Sec. 2A.505. CANCELLATION AND TERMINATION AND EFFECT OF CANCELLATION, TERMINATION,...

Section 2A.506. Statute of Limitations - Sec. 2A.506. STATUTE OF LIMITATIONS. (a) An action for default...

Section 2A.507. Proof of Market Rent - Sec. 2A.507. PROOF OF MARKET RENT. (a) Damages based on...

Section 2A.508. Lessee's Remedies - Sec. 2A.508. LESSEE'S REMEDIES. (a) If a lessor fails to...

Section 2A.509. Lessee's Rights on Improper Delivery; Rightful Rejection - Sec. 2A.509. LESSEE'S RIGHTS ON IMPROPER DELIVERY; RIGHTFUL REJECTION. (a)...

Section 2A.510. Installment Lease Contracts: Rejection and Default - Sec. 2A.510. INSTALLMENT LEASE CONTRACTS: REJECTION AND DEFAULT. (a) Under...

Section 2A.511. Merchant Lessee's Duties as to Rightfully Rejected Goods - Sec. 2A.511. MERCHANT LESSEE'S DUTIES AS TO RIGHTFULLY REJECTED GOODS....

Section 2A.512. Lessee's Duties as to Rightfully Rejected Goods - Sec. 2A.512. LESSEE'S DUTIES AS TO RIGHTFULLY REJECTED GOODS. (a)...

Section 2A.513. Cure by Lessor of Improper Tender or Delivery; Replacement - Sec. 2A.513. CURE BY LESSOR OF IMPROPER TENDER OR DELIVERY;...

Section 2A.514. Waiver of Lessee's Objections - Sec. 2A.514. WAIVER OF LESSEE'S OBJECTIONS. (a) In rejecting goods,...

Section 2A.515. Acceptance of Goods - Sec. 2A.515. ACCEPTANCE OF GOODS. (a) Acceptance of goods occurs...

Section 2A.516. Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over - Sec. 2A.516. EFFECT OF ACCEPTANCE OF GOODS; NOTICE OF DEFAULT;...

Section 2A.517. Revocation of Acceptance of Goods - Sec. 2A.517. REVOCATION OF ACCEPTANCE OF GOODS. (a) A lessee...

Section 2A.518. Cover; Substitute Goods - Sec. 2A.518. COVER; SUBSTITUTE GOODS. (a) After default by a...

Section 2A.519. Lessee's Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods - Sec. 2A.519. LESSEE'S DAMAGES FOR NONDELIVERY, REPUDIATION, DEFAULT, AND BREACH...

Section 2A.520. Lessee's Incidental and Consequential Damages - Sec. 2A.520. LESSEE'S INCIDENTAL AND CONSEQUENTIAL DAMAGES. (a) Incidental damages...

Section 2A.521. Lessee's Right to Specific Performance, Replevin, and Other Remedies - Sec. 2A.521. LESSEE'S RIGHT TO SPECIFIC PERFORMANCE, REPLEVIN, AND OTHER...

Section 2A.522. Lessee's Right to Goods on Lessor's Insolvency - Sec. 2A.522. LESSEE'S RIGHT TO GOODS ON LESSOR'S INSOLVENCY. (a)...

Section 2A.523. Lessor's Remedies - Sec. 2A.523. LESSOR'S REMEDIES. (a) If a lessee wrongfully rejects...

Section 2A.524. Lessor's Right to Identify Goods to Lease Contract - Sec. 2A.524. LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT....

Section 2A.525. Lessor's Right to Possession of Goods - Sec. 2A.525. LESSOR'S RIGHT TO POSSESSION OF GOODS. (a) If...

Section 2A.526. Lessor's Stoppage of Delivery in Transit or Otherwise - Sec. 2A.526. LESSOR'S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE....

Section 2A.527. Lessor's Rights to Dispose of Goods - Sec. 2A.527. LESSOR'S RIGHTS TO DISPOSE OF GOODS. (a) After...

Section 2A.528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default - Sec. 2A.528. LESSOR'S DAMAGES FOR NONACCEPTANCE, FAILURE TO PAY, REPUDIATION,...

Section 2A.529. Lessor's Action for the Rent - Sec. 2A.529. LESSOR'S ACTION FOR THE RENT. (a) After default...

Section 2A.530. Lessor's Incidental Damages - Sec. 2A.530. LESSOR'S INCIDENTAL DAMAGES. Incidental damages to an aggrieved...

Section 2A.531. Standing to Sue Third Parties for Injury to Goods - Sec. 2A.531. STANDING TO SUE THIRD PARTIES FOR INJURY TO...

Section 2A.532. Lessor's Rights to Residual Interest - Sec. 2A.532. LESSOR'S RIGHTS TO RESIDUAL INTEREST. In addition to...

Chapter 3 - Negotiable Instruments

Subchapter A. General Provisions and Definitions

Section 3.101. Short Title - Sec. 3.101. SHORT TITLE. This chapter may be cited as...

Section 3.102. Subject Matter - Sec. 3.102. SUBJECT MATTER. (a) This chapter applies to negotiable...

Section 3.103. Definitions - Sec. 3.103. DEFINITIONS. (a) In this chapter: (1) "Acceptor" means...

Section 3.104. Negotiable Instrument - Sec. 3.104. NEGOTIABLE INSTRUMENT. (a) Except as provided in Subsections...

Section 3.105. Issue of Instrument - Sec. 3.105. ISSUE OF INSTRUMENT. (a) "Issue" means the first...

Section 3.106. Unconditional Promise or Order - Sec. 3.106. UNCONDITIONAL PROMISE OR ORDER. (a) Except as provided...

Section 3.107. Instrument Payable in Foreign Money - Sec. 3.107. INSTRUMENT PAYABLE IN FOREIGN MONEY. Unless the instrument...

Section 3.108. Payable on Demand or at Definite Time - Sec. 3.108. PAYABLE ON DEMAND OR AT DEFINITE TIME. (a)...

Section 3.109. Payable to Bearer or to Order - Sec. 3.109. PAYABLE TO BEARER OR TO ORDER. (a) A...

Section 3.110. Identification of Person to Whom Instrument Is Payable - Sec. 3.110. IDENTIFICATION OF PERSON TO WHOM INSTRUMENT IS PAYABLE....

Section 3.111. Place of Payment - Sec. 3.111. PLACE OF PAYMENT. Except as otherwise provided for...

Section 3.112. Interest - Sec. 3.112. INTEREST. (a) Unless otherwise provided in the instrument:...

Section 3.113. Date of Instrument - Sec. 3.113. DATE OF INSTRUMENT. (a) An instrument may be...

Section 3.114. Contradictory Terms of Instrument - Sec. 3.114. CONTRADICTORY TERMS OF INSTRUMENT. If an instrument contains...

Section 3.115. Incomplete Instrument - Sec. 3.115. INCOMPLETE INSTRUMENT. (a) "Incomplete instrument" means a signed...

Section 3.116. Joint and Several Liability; Contribution - Sec. 3.116. JOINT AND SEVERAL LIABILITY; CONTRIBUTION. (a) Except as...

Section 3.117. Other Agreements Affecting Instrument - Sec. 3.117. OTHER AGREEMENTS AFFECTING INSTRUMENT. Subject to applicable law...

Section 3.118. Statute of Limitations - Sec. 3.118. STATUTE OF LIMITATIONS. (a) Except as provided in...

Section 3.119. Notice of Right to Defend Action - Sec. 3.119. NOTICE OF RIGHT TO DEFEND ACTION. In an...

Subchapter B. Negotiation, Transfer, and Indorsement

Section 3.201. Negotiation - Sec. 3.201. NEGOTIATION. (a) "Negotiation" means a transfer of possession,...

Section 3.202. Negotiation Subject to Rescission - Sec. 3.202. NEGOTIATION SUBJECT TO RESCISSION. (a) Negotiation is effective...

Section 3.203. Transfer of Instrument; Rights Acquired by Transfer - Sec. 3.203. TRANSFER OF INSTRUMENT; RIGHTS ACQUIRED BY TRANSFER. (a)...

Section 3.204. Indorsement - Sec. 3.204. INDORSEMENT. (a) "Indorsement" means a signature, other than...

Section 3.205. Special Indorsement; Blank Indorsement; Anomalous Indorsement - Sec. 3.205. SPECIAL INDORSEMENT; BLANK INDORSEMENT; ANOMALOUS INDORSEMENT. (a) If...

Section 3.206. Restrictive Indorsement - Sec. 3.206. RESTRICTIVE INDORSEMENT. (a) An indorsement limiting payment to...

Section 3.207. Reacquisition - Sec. 3.207. REACQUISITION. Reacquisition of an instrument occurs if it...

Subchapter C. Enforcement of Instruments

Section 3.301. Person Entitled to Enforce Instrument - Sec. 3.301. PERSON ENTITLED TO ENFORCE INSTRUMENT. "Person entitled to...

Section 3.302. Holder in Due Course - Sec. 3.302. HOLDER IN DUE COURSE. (a) Subject to Subsection...

Section 3.303. Value and Consideration - Sec. 3.303. VALUE AND CONSIDERATION. (a) An instrument is issued...

Section 3.304. Overdue Instrument - Sec. 3.304. OVERDUE INSTRUMENT. (a) An instrument payable on demand...

Section 3.305. Defenses and Claims in Recoupment - Sec. 3.305. DEFENSES AND CLAIMS IN RECOUPMENT. (a) Except as...

Section 3.306. Claims to an Instrument - Sec. 3.306. CLAIMS TO AN INSTRUMENT. A person taking an...

Section 3.307. Notice of Breach of Fiduciary Duty - Sec. 3.307. NOTICE OF BREACH OF FIDUCIARY DUTY. (a) In...

Section 3.308. Proof of Signatures and Status as Holder in Due Course - Sec. 3.308. PROOF OF SIGNATURES AND STATUS AS HOLDER IN...

Section 3.309. Enforcement of Lost, Destroyed, or Stolen Instrument - Sec. 3.309. ENFORCEMENT OF LOST, DESTROYED, OR STOLEN INSTRUMENT. (a)...

Section 3.310. Effect of Instrument on Obligation for Which Taken - Sec. 3.310. EFFECT OF INSTRUMENT ON OBLIGATION FOR WHICH TAKEN....

Section 3.311. Accord and Satisfaction by Use of Instrument - Sec. 3.311. ACCORD AND SATISFACTION BY USE OF INSTRUMENT. (a)...

Section 3.312. Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check - Sec. 3.312. LOST, DESTROYED, OR STOLEN CASHIER'S CHECK, TELLER'S CHECK,...

Subchapter D. Liability of Parties

Section 3.401. Signature - Sec. 3.401. SIGNATURE. (a) A person is not liable on...

Section 3.402. Signature by Representative - Sec. 3.402. SIGNATURE BY REPRESENTATIVE. (a) If a person acting,...

Section 3.403. Unauthorized Signature - Sec. 3.403. UNAUTHORIZED SIGNATURE. (a) Unless otherwise provided in this...

Section 3.404. Impostors; Fictitious Payees - Sec. 3.404. IMPOSTORS; FICTITIOUS PAYEES. (a) If an impostor, by...

Section 3.405. Employer's Responsibility for Fraudulent Indorsement by Employee - Sec. 3.405. EMPLOYER'S RESPONSIBILITY FOR FRAUDULENT INDORSEMENT BY EMPLOYEE. (a)...

Section 3.406. Negligence Contributing to Forged Signature or Alteration of Instrument - Sec. 3.406. NEGLIGENCE CONTRIBUTING TO FORGED SIGNATURE OR ALTERATION OF...

Section 3.407. Alteration - Sec. 3.407. ALTERATION. (a) "Alteration" means: (1) an unauthorized change...

Section 3.408. Drawee Not Liable on Unaccepted Draft - Sec. 3.408. DRAWEE NOT LIABLE ON UNACCEPTED DRAFT. A check...

Section 3.409. Acceptance of Draft; Certified Check - Sec. 3.409. ACCEPTANCE OF DRAFT; CERTIFIED CHECK. (a) "Acceptance" means...

Section 3.410. Acceptance Varying Draft - Sec. 3.410. ACCEPTANCE VARYING DRAFT. (a) If the terms of...

Section 3.411. Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks - Sec. 3.411. REFUSAL TO PAY CASHIER'S CHECKS, TELLER'S CHECKS, AND...

Section 3.412. Obligation of Issuer of Note or Cashier's Check - Sec. 3.412. OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK....

Section 3.413. Obligation of Acceptor - Sec. 3.413. OBLIGATION OF ACCEPTOR. (a) The acceptor of a...

Section 3.414. Obligation of Drawer - Sec. 3.414. OBLIGATION OF DRAWER. (a) This section does not...

Section 3.415. Obligation of Indorser - Sec. 3.415. OBLIGATION OF INDORSER. (a) Subject to Subsections (b),...

Section 3.416. Transfer Warranties - Sec. 3.416. TRANSFER WARRANTIES. (a) A person who transfers an...

Section 3.417. Presentment Warranties - Sec. 3.417. PRESENTMENT WARRANTIES. (a) If an unaccepted draft is...

Section 3.418. Payment or Acceptance by Mistake - Sec. 3.418. PAYMENT OR ACCEPTANCE BY MISTAKE. (a) Except as...

Section 3.419. Instruments Signed for Accommodation - Sec. 3.419. INSTRUMENTS SIGNED FOR ACCOMMODATION. (a) If an instrument...

Section 3.420. Conversion of Instrument - Sec. 3.420. CONVERSION OF INSTRUMENT. (a) The law applicable to...

Subchapter E. Dishonor

Section 3.501. Presentment - Sec. 3.501. PRESENTMENT. (a) "Presentment" means a demand made by...

Section 3.502. Dishonor - Sec. 3.502. DISHONOR. (a) Dishonor of a note is governed...

Section 3.503. Notice of Dishonor - Sec. 3.503. NOTICE OF DISHONOR. (a) The obligation of an...

Section 3.504. Excused Presentment and Notice of Dishonor - Sec. 3.504. EXCUSED PRESENTMENT AND NOTICE OF DISHONOR. (a) Presentment...

Section 3.505. Evidence of Dishonor - Sec. 3.505. EVIDENCE OF DISHONOR. (a) The following are admissible...

Section 3.506. Processing Fee by Holder of Payment Device - Sec. 3.506. PROCESSING FEE BY HOLDER OF PAYMENT DEVICE. (a)...

Section 3.507. Delivery Notification Fee by Holder of Check or Similar Sight Order - Sec. 3.507. DELIVERY NOTIFICATION FEE BY HOLDER OF CHECK OR...

Subchapter F. Discharge and Payment

Section 3.601. Discharge and Effect of Discharge - Sec. 3.601. DISCHARGE AND EFFECT OF DISCHARGE. (a) The obligation...

Section 3.602. Payment - Sec. 3.602. PAYMENT. (a) Subject to Subsection (e), an instrument...

Section 3.603. Tender of Payment - Sec. 3.603. TENDER OF PAYMENT. (a) If tender of payment...

Section 3.604. Discharge by Cancellation or Renunciation - Sec. 3.604. DISCHARGE BY CANCELLATION OR RENUNCIATION. (a) A person...

Section 3.605. Discharge of Secondary Obligors - Sec. 3.605. DISCHARGE OF SECONDARY OBLIGORS. (a) If a person...

Chapter 4 - Bank Deposits and Collections

Subchapter A. General Provisions and Definitions

Section 4.101. Short Title - Sec. 4.101. SHORT TITLE. This chapter may be cited as...

Section 4.102. Applicability - Sec. 4.102. APPLICABILITY. (a) To the extent that items within...

Section 4.103. Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care - Sec. 4.103. VARIATION BY AGREEMENT; MEASURE OF DAMAGES; ACTION CONSTITUTING...

Section 4.104. Definitions and Index of Definitions - Sec. 4.104. DEFINITIONS AND INDEX OF DEFINITIONS. (a) In this...

Section 4.105. "Bank"; "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank" - Sec. 4.105. "BANK"; "DEPOSITARY BANK"; "INTERMEDIARY BANK"; "COLLECTING BANK"; "PAYOR...

Section 4.106. Payable Through or Payable at Bank; Collecting Bank - Sec. 4.106. PAYABLE THROUGH OR PAYABLE AT BANK; COLLECTING BANK....

Section 4.107. Separate Office of a Bank - Sec. 4.107. SEPARATE OFFICE OF A BANK. A branch or...

Section 4.108. Time of Receipt of Items - Sec. 4.108. TIME OF RECEIPT OF ITEMS. (a) For the...

Section 4.109. Delays - Sec. 4.109. DELAYS. (a) Unless otherwise instructed, a collecting bank...

Section 4.110. Electronic Presentment - Sec. 4.110. ELECTRONIC PRESENTMENT. (a) "Agreement for electronic presentment" means...

Section 4.111. Statute of Limitations - Sec. 4.111. STATUTE OF LIMITATIONS. An action to enforce an...

Section 4.112. Payment of Check at Par - Sec. 4.112. PAYMENT OF CHECK AT PAR. (a) Except as...

Subchapter B. Collection of Items: Depositary and Collecting Banks

Section 4.201. Status of Collecting Bank as Agent and Provisional Status of Credits; Applicability of Chapter; Item Indorsed "Pay Any Bank" - Sec. 4.201. STATUS OF COLLECTING BANK AS AGENT AND PROVISIONAL...

Section 4.202. Responsibility for Collection or Return; When Action Timely - Sec. 4.202. RESPONSIBILITY FOR COLLECTION OR RETURN; WHEN ACTION TIMELY....

Section 4.203. Effect of Instructions - Sec. 4.203. EFFECT OF INSTRUCTIONS. Subject to Chapter 3 concerning...

Section 4.204. Methods of Sending and Presenting; Sending Directly to Payor Bank - Sec. 4.204. METHODS OF SENDING AND PRESENTING; SENDING DIRECTLY TO...

Section 4.205. Depository Bank Holder of Unindorsed Item - Sec. 4.205. DEPOSITORY BANK HOLDER OF UNINDORSED ITEM. If a...

Section 4.206. Transfer Between Banks - Sec. 4.206. TRANSFER BETWEEN BANKS. Any agreed method that identifies...

Section 4.207. Transfer Warranties - Sec. 4.207. TRANSFER WARRANTIES. (a) A customer or collecting bank...

Section 4.208. Presentment Warranties - Sec. 4.208. PRESENTMENT WARRANTIES. (a) If an unaccepted draft is...

Section 4.209. Encoding and Retention Warranties - Sec. 4.209. ENCODING AND RETENTION WARRANTIES. (a) A person who...

Section 4.210. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds - Sec. 4.210. SECURITY INTEREST OF COLLECTING BANK IN ITEMS, ACCOMPANYING...

Section 4.211. When Bank Gives Value for Purposes of Holder in Due Course - Sec. 4.211. WHEN BANK GIVES VALUE FOR PURPOSES OF HOLDER...

Section 4.212. Presentment by Notice of Item Not Payable By, Through or at a Bank; Liability of Drawer or Indorser - Sec. 4.212. PRESENTMENT BY NOTICE OF ITEM NOT PAYABLE BY,...

Section 4.213. Medium and Time of Settlement by Bank - Sec. 4.213. MEDIUM AND TIME OF SETTLEMENT BY BANK. (a)...

Section 4.214. Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item - Sec. 4.214. RIGHT OF CHARGE-BACK OR REFUND; LIABILITY OF COLLECTING...

Section 4.215. Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal - Sec. 4.215. FINAL PAYMENT OF ITEM BY PAYOR BANK; WHEN...

Section 4.216. Insolvency and Preference - Sec. 4.216. INSOLVENCY AND PREFERENCE. (a) If an item is...

Subchapter C. Collection of Items: Payor Banks

Section 4.301. Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank - Sec. 4.301. DEFERRED POSTING; RECOVERY OF PAYMENT BY RETURN OF...

Section 4.302. Payor Bank's Responsibility for Late Return of Item - Sec. 4.302. PAYOR BANK'S RESPONSIBILITY FOR LATE RETURN OF ITEM....

Section 4.303. When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified - Sec. 4.303. WHEN ITEMS SUBJECT TO NOTICE, STOP-PAYMENT ORDER, LEGAL...

Subchapter D. Relationship Between Payor Bank and Its Customer

Section 4.401. When Bank May Charge Customer's Account - Sec. 4.401. WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT. (a) A...

Section 4.402. Bank's Liability to Customer for Wrongful Dishonor - Sec. 4.402. BANK'S LIABILITY TO CUSTOMER FOR WRONGFUL DISHONOR. (a)...

Section 4.403. Customer's Right to Stop Payment; Burden of Proof of Loss - Sec. 4.403. CUSTOMER'S RIGHT TO STOP PAYMENT; BURDEN OF PROOF...

Section 4.404. Bank Not Obligated to Pay Check More Than Six Months Old - Sec. 4.404. BANK NOT OBLIGATED TO PAY CHECK MORE THAN...

Section 4.405. Death or Incompetence of Customer - Sec. 4.405. DEATH OR INCOMPETENCE OF CUSTOMER. (a) A payor...

Section 4.406. Customer's Duty to Discover and Report Unauthorized Signature or Alteration - Sec. 4.406. CUSTOMER'S DUTY TO DISCOVER AND REPORT UNAUTHORIZED SIGNATURE...

Section 4.407. Payor Bank's Right to Subrogation on Improper Payment - Sec. 4.407. PAYOR BANK'S RIGHT TO SUBROGATION ON IMPROPER PAYMENT....

Subchapter E. Collection of Documentary Drafts

Section 4.501. Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor - Sec. 4.501. HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR...

Section 4.502. Presentment of "On Arrival" Drafts - Sec. 4.502. PRESENTMENT OF "ON ARRIVAL" DRAFTS. If a draft...

Section 4.503. Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need - Sec. 4.503. RESPONSIBILITY OF PRESENTING BANK FOR DOCUMENTS AND GOODS;...

Section 4.504. Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses - Sec. 4.504. PRIVILEGE OF PRESENTING BANK TO DEAL WITH GOODS;...

Chapter 4A - Funds Transfers

Subchapter A. Subject Matter and Definitions

Section 4A.101. Short Title - Sec. 4A.101. SHORT TITLE. This chapter may be cited as...

Section 4A.102. Subject Matter - Sec. 4A.102. SUBJECT MATTER. Except as otherwise provided in Section...

Section 4A.103. Payment Order--Definitions - Sec. 4A.103. PAYMENT ORDER--DEFINITIONS. (a) In this chapter: (1) "Payment...

Section 4A.104. Funds Transfer--Definitions - Sec. 4A.104. FUNDS TRANSFER--DEFINITIONS. In this chapter: (1) "Funds transfer"...

Section 4A.105. Other Definitions - Sec. 4A.105. OTHER DEFINITIONS. (a) In this chapter: (1) "Authorized...

Section 4A.106. Time Payment Order Is Received - Sec. 4A.106. TIME PAYMENT ORDER IS RECEIVED. (a) The time...

Section 4A.107. Federal Reserve Regulations and Operating Circulars - Sec. 4A.107. FEDERAL RESERVE REGULATIONS AND OPERATING CIRCULARS. Regulations of...

Subchapter B. Issue and Acceptance of Payment Order

Section 4A.201. Security Procedure - Sec. 4A.201. SECURITY PROCEDURE. "Security procedure" means a procedure established...

Section 4A.202. Authorized and Verified Payment Orders - Sec. 4A.202. AUTHORIZED AND VERIFIED PAYMENT ORDERS. (a) A payment...

Section 4A.203. Unenforceability of Certain Verified Payment Orders - Sec. 4A.203. UNENFORCEABILITY OF CERTAIN VERIFIED PAYMENT ORDERS. (a) If...

Section 4A.204. Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order - Sec. 4A.204. REFUND OF PAYMENT AND DUTY OF CUSTOMER TO...

Section 4A.205. Erroneous Payment Orders - Sec. 4A.205. ERRONEOUS PAYMENT ORDERS. (a) If an accepted payment...

Section 4A.206. Transmission of Payment Order Through Funds Transfer or Other Communication System - Sec. 4A.206. TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS TRANSFER OR...

Section 4A.207. Misdescription of Beneficiary - Sec. 4A.207. MISDESCRIPTION OF BENEFICIARY. (a) Subject to Subsection (b),...

Section 4A.208. Misdescription of Intermediary Bank or Beneficiary's Bank - Sec. 4A.208. MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY'S BANK. (a)...

Section 4A.209. Acceptance of Payment Order - Sec. 4A.209. ACCEPTANCE OF PAYMENT ORDER. (a) Subject to Subsection...

Section 4A.210. Rejection of Payment Order - Sec. 4A.210. REJECTION OF PAYMENT ORDER. (a) A payment order...

Section 4A.211. Cancellation and Amendment of Payment Order - Sec. 4A.211. CANCELLATION AND AMENDMENT OF PAYMENT ORDER. (a) A...

Section 4A.212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order - Sec. 4A.212. LIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED...

Subchapter C. Execution of Senders Payment Order by Receiving Bank

Section 4A.301. Execution and Execution Date - Sec. 4A.301. EXECUTION AND EXECUTION DATE. (a) A payment order...

Section 4A.302. Obligations of Receiving Bank in Execution of Payment Order - Sec. 4A.302. OBLIGATIONS OF RECEIVING BANK IN EXECUTION OF PAYMENT...

Section 4A.303. Erroneous Execution of Payment Order - Sec. 4A.303. ERRONEOUS EXECUTION OF PAYMENT ORDER. (a) A receiving...

Section 4A.304. Duty of Sender to Report Erroneously Executed Payment Order - Sec. 4A.304. DUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT...

Section 4A.305. Liability for Late or Improper Execution or Failure to Execute Payment Order - Sec. 4A.305. LIABILITY FOR LATE OR IMPROPER EXECUTION OR FAILURE...

Subchapter D. Payment

Section 4A.401. Payment Date - Sec. 4A.401. PAYMENT DATE. "Payment date" of a payment order...

Section 4A.402. Obligation of Sender to Pay Receiving Bank - Sec. 4A.402. OBLIGATION OF SENDER TO PAY RECEIVING BANK. (a)...

Section 4A.403. Payment by Sender to Receiving Bank - Sec. 4A.403. PAYMENT BY SENDER TO RECEIVING BANK. (a) Payment...

Section 4A.404. Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary - Sec. 4A.404. OBLIGATION OF BENEFICIARY'S BANK TO PAY AND GIVE...

Section 4A.405. Payment by Beneficiary's Bank to Beneficiary - Sec. 4A.405. PAYMENT BY BENEFICIARY'S BANK TO BENEFICIARY. (a) If...

Section 4A.406. Payment by Originator to Beneficiary; Discharge of Underlying Obligation - Sec. 4A.406. PAYMENT BY ORIGINATOR TO BENEFICIARY; DISCHARGE OF UNDERLYING...

Subchapter E. Miscellaneous Provisions

Section 4A.501. Variation by Agreement and Effect of Funds Transfer System Rule - Sec. 4A.501. VARIATION BY AGREEMENT AND EFFECT OF FUNDS TRANSFER...

Section 4A.502. Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank - Sec. 4A.502. CREDITOR PROCESS SERVED ON RECEIVING BANK; SETOFF BY...

Section 4A.503. Injunction or Restraining Order With Respect to Funds Transfer - Sec. 4A.503. INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS...

Section 4A.504. Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account - Sec. 4A.504. ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY...

Section 4A.505. Preclusion of Objection to Debit of Customer's Account - Sec. 4A.505. PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER'S ACCOUNT....

Section 4A.506. Rate of Interest - Sec. 4A.506. RATE OF INTEREST. (a) If, under this chapter,...

Section 4A.507. Choice of Law - Sec. 4A.507. CHOICE OF LAW. (a) The following rules apply...

Chapter 5 - Letters of Credit

Section 5.101. Short Title - Sec. 5.101. SHORT TITLE. This chapter may be cited as...

Section 5.102. Definitions - Sec. 5.102. DEFINITIONS. (a) in this chapter: (1) "Adviser" means...

Section 5.103. Scope - Sec. 5.103. SCOPE. (a) This chapter applies to letters of...

Section 5.104. Formal Requirements - Sec. 5.104. FORMAL REQUIREMENTS. A letter of credit, confirmation, advice,...

Section 5.105. Consideration - Sec. 5.105. CONSIDERATION. Consideration is not required to issue, amend,...

Section 5.106. Issuance, Amendment, Cancellation, and Duration - Sec. 5.106. ISSUANCE, AMENDMENT, CANCELLATION, AND DURATION. (a) A letter...

Section 5.107. Confirmer, Nominated Person, and Adviser - Sec. 5.107. CONFIRMER, NOMINATED PERSON, AND ADVISER. (a) A confirmer...

Section 5.108. Issuer's Rights and Obligations - Sec. 5.108. ISSUER'S RIGHTS AND OBLIGATIONS. (a) Except as otherwise...

Section 5.109. Fraud and Forgery - Sec. 5.109. FRAUD AND FORGERY. (a) If a presentation is...

Section 5.110. Warranties - Sec. 5.110. WARRANTIES. (a) If its presentation is honored, the...

Section 5.111. Remedies - Sec. 5.111. REMEDIES. (a) If an issuer wrongfully dishonors or...

Section 5.112. Transfer of Letter of Credit - Sec. 5.112. TRANSFER OF LETTER OF CREDIT. (a) Except as...

Section 5.113. Transfer by Operation of Law - Sec. 5.113. TRANSFER BY OPERATION OF LAW. (a) A successor...

Section 5.114. Assignment of Proceeds - Sec. 5.114. ASSIGNMENT OF PROCEEDS. (a) In this section, "proceeds...

Section 5.115. Statute of Limitations - Sec. 5.115. STATUTE OF LIMITATIONS. An action to enforce a...

Section 5.116. Choice of Law and Forum - Sec. 5.116. CHOICE OF LAW AND FORUM. (a) The liability...

Section 5.117. Subrogation of Issuer, Applicant, and Nominated Person - Sec. 5.117. SUBROGATION OF ISSUER, APPLICANT, AND NOMINATED PERSON. (a)...

Section 5.118. Security Interest of Issuer or Nominated Person - Sec. 5.118. SECURITY INTEREST OF ISSUER OR NOMINATED PERSON. (a)...

Chapter 7 - Documents of Title

Subchapter A. General Provisions

Section 7.101. Short Title - Sec. 7.101. SHORT TITLE. This chapter may be cited as...

Section 7.102. Definitions and Index of Definitions - Sec. 7.102. DEFINITIONS AND INDEX OF DEFINITIONS. (a) In this...

Section 7.103. Relation of Article to Treaty or Statute - Sec. 7.103. RELATION OF ARTICLE TO TREATY OR STATUTE. (a)...

Section 7.104. Negotiable and Nonnegotiable Document of Title - Sec. 7.104. NEGOTIABLE AND NONNEGOTIABLE DOCUMENT OF TITLE. (a) A...

Section 7.105. Reissuance in Alternative Medium - Sec. 7.105. REISSUANCE IN ALTERNATIVE MEDIUM. (a) Upon request of...

Section 7.106. Control of Electronic Document of Title - Sec. 7.106. CONTROL OF ELECTRONIC DOCUMENT OF TITLE. (a) A...

Subchapter B. Warehouse Receipts: Special Provisions

Section 7.201. Person That May Issue a Warehouse Receipt; Storage Under Bond - Sec. 7.201. PERSON THAT MAY ISSUE A WAREHOUSE RECEIPT; STORAGE...

Section 7.202. Form of Warehouse Receipt - Sec. 7.202. FORM OF WAREHOUSE RECEIPT. (a) A warehouse receipt...

Section 7.203. Liability for Nonreceipt or Misdescription - Sec. 7.203. LIABILITY FOR NONRECEIPT OR MISDESCRIPTION. A party to...

Section 7.204. Duty of Care; Contractual Limitation of Warehouse's Liability - Sec. 7.204. DUTY OF CARE; CONTRACTUAL LIMITATION OF WAREHOUSE'S LIABILITY....

Section 7.205. Title Under Warehouse Receipt Defeated in Certain Cases - Sec. 7.205. TITLE UNDER WAREHOUSE RECEIPT DEFEATED IN CERTAIN CASES....

Section 7.206. Termination of Storage at Warehouse's Option - Sec. 7.206. TERMINATION OF STORAGE AT WAREHOUSE'S OPTION. (a) A...

Section 7.207. Goods Must Be Kept Separate; Fungible Goods - Sec. 7.207. GOODS MUST BE KEPT SEPARATE; FUNGIBLE GOODS. (a)...

Section 7.208. Altered Warehouse Receipts - Sec. 7.208. ALTERED WAREHOUSE RECEIPTS. If a blank in a...

Section 7.209. Lien of Warehouse - Sec. 7.209. LIEN OF WAREHOUSE. (a) A warehouse has a...

Section 7.210. Enforcement of Warehouse's Lien - Sec. 7.210. ENFORCEMENT OF WAREHOUSE'S LIEN. (a) Except as otherwise...

Subchapter C. Bills of Lading: Special Provisions

Section 7.301. Liability for Nonreceipt or Misdescription; "Said to Contain"; "Shipper's Load and Count"; Improper Handling - Sec. 7.301. LIABILITY FOR NONRECEIPT OR MISDESCRIPTION; "SAID TO CONTAIN";...

Section 7.302. Through Bills of Lading and Similar Documents of Title - Sec. 7.302. THROUGH BILLS OF LADING AND SIMILAR DOCUMENTS OF...

Section 7.303. Diversion; Reconsignment; Change of Instructions - Sec. 7.303. DIVERSION; RECONSIGNMENT; CHANGE OF INSTRUCTIONS. (a) Unless the...

Section 7.304. Tangible Bills of Lading in Set - Sec. 7.304. TANGIBLE BILLS OF LADING IN SET. (a) Except...

Section 7.305. Destination Bills - Sec. 7.305. DESTINATION BILLS. (a) Instead of issuing a bill...

Section 7.306. Altered Bills of Lading - Sec. 7.306. ALTERED BILLS OF LADING. An unauthorized alteration or...

Section 7.307. Lien of Carrier - Sec. 7.307. LIEN OF CARRIER. (a) A carrier has a...

Section 7.308. Enforcement of Carrier's Lien - Sec. 7.308. ENFORCEMENT OF CARRIER'S LIEN. (a) A carrier's lien...

Section 7.309. Duty of Care; Contractual Limitation of Carrier's Liability - Sec. 7.309. DUTY OF CARE; CONTRACTUAL LIMITATION OF CARRIER'S LIABILITY....

Subchapter D. Warehouse Receipts and Bills of Lading: General Obligations

Section 7.401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer - Sec. 7.401. IRREGULARITIES IN ISSUE OF RECEIPT OR BILL OR...

Section 7.402. Duplicate Document of Title; Overissue - Sec. 7.402. DUPLICATE DOCUMENT OF TITLE; OVERISSUE. A duplicate or...

Section 7.403. Obligation of Warehouse or Carrier to Deliver; Excuse - Sec. 7.403. OBLIGATION OF WAREHOUSE OR CARRIER TO DELIVER; EXCUSE....

Section 7.404. No Liability for Good Faith Delivery Pursuant to Document of Title - Sec. 7.404. NO LIABILITY FOR GOOD FAITH DELIVERY PURSUANT TO...

Subchapter E. Warehouse Receipts and Bills of Lading: Negotiation and Transfer

Section 7.501. Form of Negotiation and Requirements of Due Negotiation - Sec. 7.501. FORM OF NEGOTIATION AND REQUIREMENTS OF DUE NEGOTIATION....

Section 7.502. Rights Acquired by Due Negotiation - Sec. 7.502. RIGHTS ACQUIRED BY DUE NEGOTIATION. (a) Subject to...

Section 7.503. Document of Title to Goods Defeated in Certain Cases - Sec. 7.503. DOCUMENT OF TITLE TO GOODS DEFEATED IN CERTAIN...

Section 7.504. Rights Acquired in Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery - Sec. 7.504. RIGHTS ACQUIRED IN ABSENCE OF DUE NEGOTIATION; EFFECT...

Section 7.505. Indorser Not Guarantor for Other Parties - Sec. 7.505. INDORSER NOT GUARANTOR FOR OTHER PARTIES. The indorsement...

Section 7.506. Delivery Without Indorsement; Right to Compel Indorsement - Sec. 7.506. DELIVERY WITHOUT INDORSEMENT; RIGHT TO COMPEL INDORSEMENT. The...

Section 7.507. Warranties on Negotiation or Delivery of Document of Title - Sec. 7.507. WARRANTIES ON NEGOTIATION OR DELIVERY OF DOCUMENT OF...

Section 7.508. Warranties of Collecting Bank as to Documents of Title - Sec. 7.508. WARRANTIES OF COLLECTING BANK AS TO DOCUMENTS OF...

Section 7.509. Adequate Compliance With Commercial Contract - Sec. 7.509. ADEQUATE COMPLIANCE WITH COMMERCIAL CONTRACT. Whether a document...

Subchapter F. Warehouse Receipts and Bills of Lading: Miscellaneous Provisions

Section 7.601. Lost, Stolen, or Destroyed Documents of Title - Sec. 7.601. LOST, STOLEN, OR DESTROYED DOCUMENTS OF TITLE. (a)...

Section 7.602. Attachment of Goods Covered by Negotiable Document of Title - Sec. 7.602. ATTACHMENT OF GOODS COVERED BY NEGOTIABLE DOCUMENT OF...

Section 7.603. Conflicting Claims; Interpleader - Sec. 7.603. CONFLICTING CLAIMS; INTERPLEADER. If more than one person...

Chapter 8 - Investment Securities

Subchapter A. Short Title and General Matters

Section 8.101. Short Title - Sec. 8.101. SHORT TITLE. This chapter may be cited as...

Section 8.102. Definitions - Sec. 8.102. DEFINITIONS. (a) In this chapter: (1) "Adverse claim"...

Section 8.103. Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assets - Sec. 8.103. RULES FOR DETERMINING WHETHER CERTAIN OBLIGATIONS AND INTERESTS...

Section 8.104. Acquisition of Security or Financial Asset or Interest Therein - Sec. 8.104. ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST...

Section 8.105. Notice of Adverse Claim - Sec. 8.105. NOTICE OF ADVERSE CLAIM. (a) A person has...

Section 8.106. Control - Sec. 8.106. CONTROL. (a) A purchaser has control of a...

Section 8.107. Whether Indorsement, Instruction, or Entitlement Order Is Effective - Sec. 8.107. WHETHER INDORSEMENT, INSTRUCTION, OR ENTITLEMENT ORDER IS EFFECTIVE....

Section 8.108. Warranties in Direct Holding - Sec. 8.108. WARRANTIES IN DIRECT HOLDING. (a) A person who...

Section 8.109. Warranties in Indirect Holding - Sec. 8.109. WARRANTIES IN INDIRECT HOLDING. (a) A person who...

Section 8.110. Applicability; Choice of Law - Sec. 8.110. APPLICABILITY; CHOICE OF LAW. (a) The local law...

Section 8.111. Clearing Corporation Rules - Sec. 8.111. CLEARING CORPORATION RULES. A rule adopted by a...

Section 8.112. Creditor's Legal Process - Sec. 8.112. CREDITOR'S LEGAL PROCESS. (a) The interest of a...

Section 8.113. Statute of Frauds Inapplicable - Sec. 8.113. STATUTE OF FRAUDS INAPPLICABLE. A contract or modification...

Section 8.114. Evidentiary Rules Concerning Certificated Securities - Sec. 8.114. EVIDENTIARY RULES CONCERNING CERTIFICATED SECURITIES. The following rules...

Section 8.115. Securities Intermediary and Others Not Liable to Adverse Claimant - Sec. 8.115. SECURITIES INTERMEDIARY AND OTHERS NOT LIABLE TO ADVERSE...

Section 8.116. Securities Intermediary as Purchaser for Value - Sec. 8.116. SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE. A securities...

Subchapter B. Issue and Issuer

Section 8.201. Issuer - Sec. 8.201. ISSUER. (a) With respect to an obligation on...

Section 8.202. Issuer's Responsibility and Defenses; Notice of Defect or Defense - Sec. 8.202. ISSUER'S RESPONSIBILITY AND DEFENSES; NOTICE OF DEFECT OR...

Section 8.203. Staleness as Notice of Defect or Defense - Sec. 8.203. STALENESS AS NOTICE OF DEFECT OR DEFENSE. After...

Section 8.204. Effect of Issuer's Restriction on Transfer - Sec. 8.204. EFFECT OF ISSUER'S RESTRICTION ON TRANSFER. A restriction...

Section 8.205. Effect of Unauthorized Signature on Security Certificate - Sec. 8.205. EFFECT OF UNAUTHORIZED SIGNATURE ON SECURITY CERTIFICATE. An...

Section 8.206. Completion or Alteration of Security Certificate - Sec. 8.206. COMPLETION OR ALTERATION OF SECURITY CERTIFICATE. (a) If...

Section 8.207. Rights and Duties of Issuer With Respect to Registered Owners - Sec. 8.207. RIGHTS AND DUTIES OF ISSUER WITH RESPECT TO...

Section 8.208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent - Sec. 8.208. EFFECT OF SIGNATURE OF AUTHENTICATING TRUSTEE, REGISTRAR, OR...

Section 8.209. Issuer's Lien - Sec. 8.209. ISSUER'S LIEN. A lien in favor of an...

Section 8.210. Overissue - Sec. 8.210. OVERISSUE. (a) In this section, "overissue" means the...

Subchapter C. Transfer of Certificated and Uncertificated Securities

Section 8.301. Delivery - Sec. 8.301. DELIVERY. (a) Delivery of a certificated security to...

Section 8.302. Rights of Purchaser - Sec. 8.302. RIGHTS OF PURCHASER. (a) Except as otherwise provided...

Section 8.303. Protected Purchaser - Sec. 8.303. PROTECTED PURCHASER. (a) "Protected purchaser" means a purchaser...

Section 8.304. Indorsement - Sec. 8.304. INDORSEMENT. (a) An indorsement may be in blank...

Section 8.305. Instruction - Sec. 8.305. INSTRUCTION. (a) If an instruction has been originated...

Section 8.306. Effect of Guaranteeing Signature, Indorsement, or Instruction - Sec. 8.306. EFFECT OF GUARANTEEING SIGNATURE, INDORSEMENT, OR INSTRUCTION. (a)...

Section 8.307. Purchaser's Right to Requisites for Registration of Transfer - Sec. 8.307. PURCHASER'S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER....

Subchapter D. Registration

Section 8.401. Duty of Issuer to Register Transfer - Sec. 8.401. DUTY OF ISSUER TO REGISTER TRANSFER. (a) If...

Section 8.402. Assurance That Indorsement or Instruction Is Effective - Sec. 8.402. ASSURANCE THAT INDORSEMENT OR INSTRUCTION IS EFFECTIVE. (a)...

Section 8.403. Demand That Issuer Not Register Transfer - Sec. 8.403. DEMAND THAT ISSUER NOT REGISTER TRANSFER. (a) A...

Section 8.404. Wrongful Registration - Sec. 8.404. WRONGFUL REGISTRATION. (a) Except as otherwise provided in...

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Texas Statutes Business and Commerce Code Title 1 - Uniform Commercial Code

Texas Statutes
Business and Commerce Code
Title 1 - Uniform Commercial Code