Vermont Statutes
Title 9A - Uniform Commercial Code

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

§ 1—104. Construction against implied repeal - § 1—104. Construction against implied repeal This title being a...

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

§ 1—106. Use of singular and plural; gender - § 1—106. Use of singular and plural; gender In this...

§ 1—107. Section captions - § 1—107. Section captions Section captions are parts of this...

§ 1—108. Relation to electronic signatures in Global and National Commerce Act - § 1—108. Relation to electronic signatures in Global and National...

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

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

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

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

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

§ 1—206. Presumptions - § 1—206. Presumptions Whenever this title creates a “presumption” with...

§ 1—301. Territorial applicability; parties’ power to choose applicable law - § 1—301. Territorial applicability; parties’ power to choose applicable law...

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

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

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

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

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

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

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

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

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

Article 2 - Sales

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

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

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

§ 2—104. Definitions: “merchant”; “between merchants”; “financing agency” - § 2—104. Definitions: “merchant”; “between merchants”; “financing agency” (1) “Merchant”...

§ 2—105. Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit” - § 2—105. Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit”...

§ 2—106. Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present sale”; “conforming” to contract; “termination”; “cancellation” - § 2—106. Definitions: “contract”; “agreement”; “contract for sale”; “sale”; “present...

§ 2—107. Goods to be severed from realty: recording - § 2—107. Goods to be severed from realty: recording (1)...

§ 2—108. Miscellaneous health provisions; blood or tissue transfer services - § 2—108. Miscellaneous health provisions; blood or tissue transfer services...

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

§ 2—202. Final written expression: parol or extrinsic evidence - § 2—202. Final written expression: parol or extrinsic evidence Terms...

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

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

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

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

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

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

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

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

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

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

§ 2—304. Price payable in money, goods, realty, or otherwise - § 2—304. Price payable in money, goods, realty, or otherwise...

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

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

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

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

§ 2—309. Absence of specific time provisions; notice of termination - § 2—309. Absence of specific time provisions; notice of termination...

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

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

§ 2—312. Warranty of title and against infringement; buyer’s obligation against infringement - § 2—312. Warranty of title and against infringement; buyer’s obligation...

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

§ 2—314. Implied warranty: merchantability; usage of trade - § 2—314. Implied warranty: merchantability; usage of trade (1) Unless...

§ 2—315. Implied warranty: fitness for particular purpose - § 2—315. Implied warranty: fitness for particular purpose Where the...

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

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

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

§ 2—319. F.O.B. and F.A.S. terms - § 2—319. F.O.B. and F.A.S. terms (1) Unless otherwise agreed...

§ 2—320. C.I.F. and C. & F. terms - § 2—320. C.I.F. and C. & F. terms (1) The...

§ 2—321. C.I.F. or C. & F.: “net landed weights”; “payment on arrival”; warranty of condition on arrival - § 2—321. C.I.F. or C. & F.: “net landed weights”;...

§ 2—322. Delivery “ex-ship” - § 2—322. Delivery “ex-ship” (1) Unless otherwise agreed a term...

§ 2—323. Form of bill of lading required in overseas shipment; “overseas” - § 2—323. Form of bill of lading required in overseas...

§ 2—324. “No arrival, no sale” term - § 2—324. “No arrival, no sale” term Under a term...

§ 2—325. “Letter of credit” term; “confirmed credit” - § 2—325. “Letter of credit” term; “confirmed credit” (1) Failure...

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

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

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

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

§ 2—402. Rights of seller’s creditors against sold goods - § 2—402. Rights of seller’s creditors against sold goods (1)...

§ 2—403. Power to transfer; good faith purchase of goods; “entrusting” - § 2—403. Power to transfer; good faith purchase of goods;...

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

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

§ 2—503. Manner of seller’s tender of delivery - § 2—503. Manner of seller’s tender of delivery (1) Tender...

§ 2—504. Shipment by seller - § 2—504. Shipment by seller (1) Where the seller is...

§ 2—505. Seller’s shipment under reservation - § 2—505. Seller’s shipment under reservation (1) Where the seller...

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

§ 2—507. Effect of seller’s tender; delivery on condition - § 2—507. Effect of seller’s tender; delivery on condition (1)...

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

§ 2—509. Risk of loss in the absence of breach - § 2—509. Risk of loss in the absence of breach...

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

§ 2—511. Tender of payment by buyer; payment by check - § 2—511. Tender of payment by buyer; payment by check...

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

§ 2—513. Buyer’s right to inspection of goods - § 2—513. Buyer’s right to inspection of goods (1) Unless...

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

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

§ 2—601. Buyer’s rights on improper delivery - § 2—601. Buyer’s rights on improper delivery Subject to the...

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

§ 2—603. Merchant buyer’s duties as to rightfully rejected goods - § 2—603. Merchant buyer’s duties as to rightfully rejected goods...

§ 2—604. Buyer’s options as to salvage of rightfully rejected goods - § 2—604. Buyer’s options as to salvage of rightfully rejected...

§ 2—605. Waiver of buyer’s objections by failure to particularize - § 2—605. Waiver of buyer’s objections by failure to particularize...

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

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

§ 2—608. Revocation of acceptance in whole or in part - § 2—608. Revocation of acceptance in whole or in part...

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

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

§ 2—611. Retraction of anticipatory repudiation - § 2—611. Retraction of anticipatory repudiation (1) Until the repudiating...

§ 2—612. “Installment contract”; breach - § 2—612. “Installment contract”; breach (1) An “installment contract” is...

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

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

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

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

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

§ 2—702. Seller’s remedies on discovery of buyer’s insolvency - § 2—702. Seller’s remedies on discovery of buyer’s insolvency (1)...

§ 2—703. Seller’s remedies in general - § 2—703. Seller’s remedies in general Where the buyer wrongfully...

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

§ 2—705. Seller’s stoppage of delivery in transit or otherwise - § 2—705. Seller’s stoppage of delivery in transit or otherwise...

§ 2—706. Seller’s resale including contract for resale - § 2—706. Seller’s resale including contract for resale (1) Under...

§ 2—707. “Person in the position of a seller” - § 2—707. “Person in the position of a seller” (1)...

§ 2—708. Seller’s damages for non-acceptance or repudiation - § 2—708. Seller’s damages for non-acceptance or repudiation (1) Subject...

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

§ 2—710. Seller’s incidental damages - § 2—710. Seller’s incidental damages Incidental damages to an aggrieved...

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

§ 2—712. “Cover”; buyer’s procurement of substitute goods - § 2—712. “Cover”; buyer’s procurement of substitute goods (1) After...

§ 2—713. Buyer’s damages for non-delivery or repudiation - § 2—713. Buyer’s damages for non-delivery or repudiation (1) Subject...

§ 2—714. Buyer’s damages for breach in regard to accepted goods - § 2—714. Buyer’s damages for breach in regard to accepted...

§ 2—715. Buyer’s incidental and consequential damages - § 2—715. Buyer’s incidental and consequential damages (1) Incidental damages...

§ 2—716. Buyer’s right to specific performance or replevin - § 2—716. Buyer’s right to specific performance or replevin (1)...

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

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

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

§ 2—720. Effect of “cancellation” or “rescission” on claims for antecedent breach - § 2—720. Effect of “cancellation” or “rescission” on claims for...

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

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

§ 2—723. Proof of market price: time and place - § 2—723. Proof of market price: time and place (1)...

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

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

Article 2A - Leases

§ 2A—101. Short title - § 2A—101. Short title This article shall be known and...

§ 2A—102. Scope - § 2A—102. Scope This article applies to any transaction, regardless...

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

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

§ 2A—105. Territorial application of article to goods covered by certificate of title - § 2A—105. Territorial application of article to goods covered by...

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

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

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

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

§ 2A—201. Statute of frauds - § 2A—201. Statute of frauds (1) A lease contract is...

§ 2A—202. Final written expression; parol or extrinsic evidence - § 2A—202. Final written expression; parol or extrinsic evidence Terms...

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

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

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

§ 2A—206. Offer and acceptance in formation of lease contract - § 2A—206. Offer and acceptance in formation of lease contract...

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

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

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

§ 2A—211. Warranties against interference and against infringement; lessee’s obligation against infringement - § 2A—211. Warranties against interference and against infringement; lessee’s obligation...

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

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

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

§ 2A—215. Cumulation and conflict of warranties express or implied - § 2A—215. Cumulation and conflict of warranties express or implied...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

§ 2A—309. Lessor’s and lessee’s rights when goods become fixtures - § 2A—309. Lessor’s and lessee’s rights when goods become fixtures...

§ 2A—310. Lessor’s and lessee’s rights when goods become accessions - § 2A—310. Lessor’s and lessee’s rights when goods become accessions...

§ 2A—311. Priority subject to subordination - § 2A—311. Priority subject to subordination Nothing in this article...

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

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

§ 2A—403. Retraction of anticipatory repudiation - § 2A—403. Retraction of anticipatory repudiation (1) Until the repudiating...

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

§ 2A—405. Excused performance - § 2A—405. Excused performance Subject to section 2A—404 of this...

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

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

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

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

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

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

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

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

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

§ 2A—508. Lessee’s remedies - § 2A—508. Lessee’s remedies (1) If a lessor fails to...

§ 2A—509. Lessee’s rights on improper delivery; rightful rejection - § 2A—509. Lessee’s rights on improper delivery; rightful rejection (1)...

§ 2A—510. Installment lease contracts: rejection and default - § 2A—510. Installment lease contracts: rejection and default (1) Under...

§ 2A—511. Merchant lessee’s duties as to rightfully rejected goods - § 2A—511. Merchant lessee’s duties as to rightfully rejected goods...

§ 2A—512. Lessee’s duties as to rightfully rejected goods - § 2A—512. Lessee’s duties as to rightfully rejected goods (1)...

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

§ 2A—514. Waiver of lessee’s objections - § 2A—514. Waiver of lessee’s objections (1) In rejecting goods,...

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

§ 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 - § 2A—516. Effect of acceptance of goods; notice of default;...

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

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

§ 2A—519. Lessee’s damages for non-delivery, repudiation, default, and breach of warranty in regard to accepted goods - § 2A—519. Lessee’s damages for non-delivery, repudiation, default, and breach...

§ 2A—520. Lessee’s incidental and consequential damages - § 2A—520. Lessee’s incidental and consequential damages (1) Incidental damages...

§ 2A—521. Lessee’s right to specific performance or replevin - § 2A—521. Lessee’s right to specific performance or replevin (1)...

§ 2A—522. Lessee’s right to goods on lessor’s insolvency - § 2A—522. Lessee’s right to goods on lessor’s insolvency (1)...

§ 2A—523. Lessor’s remedies - § 2A—523. Lessor’s remedies (1) If a lessee wrongfully rejects...

§ 2A—524. Lessor’s right to identify goods to lease contract - § 2A—524. Lessor’s right to identify goods to lease contract...

§ 2A—525. Lessor’s right to possession of goods - § 2A—525. Lessor’s right to possession of goods (1) If...

§ 2A—526. Lessor’s stoppage of delivery in transit or otherwise - § 2A—526. Lessor’s stoppage of delivery in transit or otherwise...

§ 2A—527. Lessor’s rights to dispose of goods - § 2A—527. Lessor’s rights to dispose of goods (1) After...

§ 2A—528. Lessor’s damages for non-acceptance, failure to pay, repudiation, or other default - § 2A—528. Lessor’s damages for non-acceptance, failure to pay, repudiation,...

§ 2A—529. Lessor’s action for the rent - § 2A—529. Lessor’s action for the rent (1) After default...

§ 2A—530. Lessor’s incidental damages - § 2A—530. Lessor’s incidental damages Incidental damages to an aggrieved...

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

§ 2A—532. Lessor’s rights to residual interest - § 2A—532. Lessor’s rights to residual interest In addition to...

Article 3 - Commercial Paper

§ 3—101. Short title - § 3—101. Short title This article may be cited as...

§ 3—102. Subject matter - § 3—102. Subject matter (a) This article applies to negotiable...

§ 3—103. Definitions - § 3—103. Definitions (a) In this article: (1) “Acceptor” means...

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

§ 3—105. Issue of instrument - § 3—105. Issue of instrument (a) “Issue” means the first...

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

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

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

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

§ 3—110. Identification of person to whom instrument is payable - § 3—110. Identification of person to whom instrument is payable...

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

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

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

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

§ 3—115. Incomplete instrument - § 3—115. Incomplete instrument (a) “Incomplete instrument” means a signed...

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

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

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

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

§ 3—201. Negotiation - § 3—201. Negotiation (a) “Negotiation” means a transfer of possession,...

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

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

§ 3—204. Indorsement - § 3—204. Indorsement (a) “Indorsement” means a signature, other than...

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

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

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

§ 3—301. Person entitled to enforce instrument - § 3—301. Person entitled to enforce instrument “Person entitled to...

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

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

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

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

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

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

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

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

§ 3—310. Effect of instrument on obligation for which taken - § 3—310. Effect of instrument on obligation for which taken...

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

§ 3—312. Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check - § 3—312. Lost, destroyed, or stolen cashier’s check, teller’s check,...

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

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

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

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

§ 3—405. Employer’s responsibility for fraudulent indorsement by employee - § 3—405. Employer’s responsibility for fraudulent indorsement by employee (a)...

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

§ 3—407. Alteration - § 3—407. Alteration (a) “Alteration” means (i) an unauthorized change...

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

§ 3—409. Acceptance of draft; certified check - § 3—409. Acceptance of draft; certified check (a) “Acceptance” means...

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

§ 3—411. Refusal to pay cashier’s checks, teller’s checks, and certified checks - § 3—411. Refusal to pay cashier’s checks, teller’s checks, and...

§ 3—412. Obligation of issuer of note or cashier’s check - § 3—412. Obligation of issuer of note or cashier’s check...

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

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

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

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

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

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

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

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

§ 3—501. Presentment - § 3—501. Presentment (a) “Presentment” means a demand made by...

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

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

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

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

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

§ 3—602. Payment - § 3—602. Payment (a) Subject to subsection (b) of this...

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

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

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

Article 4 - Bank Deposits and Collections

§ 4—101. Short title - § 4—101. Short title This article may be cited as...

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

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

§ 4—104. Definitions and index of definitions - § 4—104. Definitions and index of definitions (a) In this...

§ 4—105. “Bank”; “depository bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank” - § 4—105. “Bank”; “depository bank”; “intermediary bank”; “collecting bank”; “payor...

§ 4—106. Payable through or payable at bank; collecting bank - § 4—106. Payable through or payable at bank; collecting bank...

§ 4—107. Separate office of bank - § 4—107. Separate office of bank A branch or separate...

§ 4—108. Time of receipt of items - § 4—108. Time of receipt of items (a) For the...

§ 4—109. Delays - § 4—109. Delays (a) Unless otherwise instructed, a collecting bank...

§ 4—110. Electronic presentment - § 4—110. Electronic presentment (a) “Agreement for electronic presentment” means...

§ 4—111. Statute of limitations - § 4—111. Statute of limitations An action to enforce an...

§ 4—201. Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed “pay any bank” - § 4—201. Status of collecting bank as agent and provisional...

§ 4—202. Responsibility for collection or return; when action timely - § 4—202. Responsibility for collection or return; when action timely...

§ 4—203. Effect of instructions - § 4—203. Effect of instructions Subject to Article 3 of...

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

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

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

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

§ 4—208. Presentment warranties - § 4—208. Presentment warranties (a) If an unaccepted draft is...

§ 4—209. Encoding and retention warranties - § 4—209. Encoding and retention warranties (a) A person who...

§ 4—210. Security interest of collecting bank in items, accompanying documents and proceeds - § 4—210. Security interest of collecting bank in items, accompanying...

§ 4—211. When bank gives value for purposes of holder in due course - § 4—211. When bank gives value for purposes of holder...

§ 4—212. Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser - § 4—212. Presentment by notice of item not payable by,...

§ 4—213. Medium and time of settlement by bank - § 4—213. Medium and time of settlement by bank (a)...

§ 4—214. Right of charge-back or refund; liability of collecting bank; return of item - § 4—214. Right of charge-back or refund; liability of collecting...

§ 4—215. Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal - § 4—215. Final payment of item by payor bank; when...

§ 4—216. Insolvency and preference - § 4—216. Insolvency and preference (a) If an item is...

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

§ 4—302. Payor bank’s responsibility for late return of item - § 4—302. Payor bank’s responsibility for late return of item...

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

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

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

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

§ 4—404. Bank not obliged to pay check more than six months old - § 4—404. Bank not obliged to pay check more than...

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

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

§ 4—407. Payor bank’s right to subrogation on improper payment - § 4—407. Payor bank’s right to subrogation on improper payment...

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

§ 4—502. Presentment of “on arrival” drafts - § 4—502. Presentment of “on arrival” drafts If a draft...

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

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

Article 4A - Funds Transfers

§ 4A—101. Short title - § 4A—101. Short title This article may be cited as...

§ 4A—102. Subject matter - § 4A—102. Subject matter Except as otherwise provided in section...

§ 4A—103. Payment order—definitions - § 4A—103. Payment order—definitions (a) In this article: (1) “Payment...

§ 4A—104. Funds transfer—definitions - § 4A—104. Funds transfer—definitions In this article: (a) “Funds transfer”...

§ 4A—105. Other definitions - § 4A—105. Other definitions (a) In this article: (1) “Authorized...

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

§ 4A—107. Federal Reserve regulations and operating circulars - § 4A—107. Federal Reserve regulations and operating circulars Regulations of...

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

§ 4A—201. Security procedure - § 4A—201. Security procedure “Security procedure” means a procedure established...

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

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

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

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

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

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

§ 4A—208. Misdescription of intermediary bank or beneficiary’s bank - § 4A—208. Misdescription of intermediary bank or beneficiary’s bank (a)...

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

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

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

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

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

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

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

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

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

§ 4A—401. Payment date - § 4A—401. Payment date “Payment date” of a payment order...

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

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

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

§ 4A—405. Payment by beneficiary’s bank to beneficiary - § 4A—405. Payment by beneficiary’s bank to beneficiary (a) If...

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

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

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

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

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

§ 4A—505. Preclusion of objection to debit of customer’s account - § 4A—505. Preclusion of objection to debit of customer’s account...

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

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

Article 5 - Letters of Credit

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

§ 5—102. Definitions - § 5—102. Definitions (a) In this article: (1) “Adviser” means...

§ 5—103. Scope - § 5—103. Scope (a) This article applies to letters of...

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

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

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

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

§ 5—108. Issuer’s rights and obligations - § 5—108. Issuer’s rights and obligations (a) Except as otherwise...

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

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

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

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

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

§ 5—114. Assignment of proceeds - § 5—114. Assignment of proceeds (a) In this section, “proceeds...

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

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

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

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

Article 7 - Warehouse Receipts, Bills of Lading, and Other Documents of Title

§ 7—101. Short title - § 7—101. Short title This article may be cited as...

§ 7—102. Definitions and index of definitions - § 7—102. Definitions and index of definitions (a) In this...

§ 7—103. Relation of article to treaty or statute - § 7—103. Relation of article to treaty or statute (a)...

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

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

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

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

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

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

§ 7—204. Duty of care; contractual limitation of warehouse’s liability - § 7—204. Duty of care; contractual limitation of warehouse’s liability...

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

§ 7—206. Termination of storage at warehouse’s option - § 7—206. Termination of storage at warehouse’s option (a) A...

§ 7—207. Goods shall be kept separate; fungible goods - § 7—207. Goods shall be kept separate; fungible goods (a)...

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

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

§ 7—210. Enforcement of warehouse’s lien - § 7—210. Enforcement of warehouse’s lien (a) Except as otherwise...

§ 7—301. Liability for nonreceipt or misdescription; “said to contain”; “shipper’s weight, load, and count”; improper handling - § 7—301. Liability for nonreceipt or misdescription; “said to contain”;...

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

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

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

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

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

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

§ 7—308. Enforcement of carrier’s lien - § 7—308. Enforcement of carrier’s lien (a) A carrier’s lien...

§ 7—309. Duty of care; contractual limitation of carrier’s liability - § 7—309. Duty of care; contractual limitation of carrier’s liability...

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

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

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

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

§ 7—501. Form of negotiation and requirements of due negotiation - § 7—501. Form of negotiation and requirements of due negotiation...

§ 7—502. Rights acquired by due negotiation - § 7—502. Rights acquired by due negotiation (a) Subject to...

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

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

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

§ 7—506. Delivery without indorsement: right to compel indorsement - § 7—506. Delivery without indorsement: right to compel indorsement The...

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

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

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

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

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

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

Article 8 - Investment Securities

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

§ 8—102. Definitions - § 8—102. Definitions (a) In this article: (1) “Adverse claim”...

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

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

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

§ 8—106. Control - § 8—106. Control (a) A purchaser has “control” of a...

§ 8—107. Whether indorsement, instruction, or entitlement order is effective - § 8—107. Whether indorsement, instruction, or entitlement order is effective...

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

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

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

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

§ 8—112. Creditor’s legal process - § 8—112. Creditor’s legal process (a) The interest of a...

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

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

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

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

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

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

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

§ 8—204. Effect of issuer’s restriction on transfer - § 8—204. Effect of issuer’s restriction on transfer A restriction...

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

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

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

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

§ 8—209. Issuer’s lien - § 8—209. Issuer’s lien A lien in favor of an...

§ 8—210. Overissue - § 8—210. Overissue (a) In this section, “overissue” means the...

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

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

§ 8—303. Protected purchaser - § 8—303. Protected purchaser (a) “Protected purchaser” means a purchaser...

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

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

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

§ 8—307. Purchaser’s right to requisites for registration of transfer - § 8—307. Purchaser’s right to requisites for registration of transfer...

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

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

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

§ 8—404. Wrongful registration - § 8—404. Wrongful registration (a) Except as otherwise provided in...

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

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

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

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

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

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

§ 8—504. Duty of securities intermediary to maintain financial asset - § 8—504. Duty of securities intermediary to maintain financial asset...

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

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

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

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

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

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

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

Article 9 - Secured Transactions

§ 9—101. Short title - § 9—101. Short title This article may be cited as...

§ 9—102. Definitions and index of definitions - § 9—102. Definitions and index of definitions (a) In this...

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

§ 9—103A. “Production-money crops”; “production-money obligation”; “production-money security interest”; burden of establishing - § 9—103A. “Production-money crops”; “production-money obligation”; “production-money security interest”; burden...

§ 9—104. Control of deposit account - § 9—104. Control of deposit account (a) A secured party...

§ 9—105. Control of electronic chattel paper - § 9—105. Control of electronic chattel paper (a) A secured...

§ 9—106. Control of investment property - § 9—106. Control of investment property (a) A person has...

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

§ 9—108. Sufficiency of description in a security agreement - § 9—108. Sufficiency of description in a security agreement (a)...

§ 9—109. Scope - § 9—109. Scope (a) Except as otherwise provided in subsections...

§ 9—110. Security interests arising under Article 2 or 2a - § 9—110. Security interests arising under Article 2 or 2a...

§ 9—201. General effectiveness of security agreement - § 9—201. General effectiveness of security agreement (a) Except as...

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

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

§ 9—204. After-acquired property; future advances - § 9—204. After-acquired property; future advances (a) Except as otherwise...

§ 9—205. Use or disposition of collateral permissible - § 9—205. Use or disposition of collateral permissible (a) A...

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

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

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

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

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

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

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

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

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

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

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Vermont Statutes Title 9A - Uniform Commercial Code

Vermont Statutes
Title 9A - Uniform Commercial Code