West Virginia Code
Chapter 46. Uniform Commercial Code

§46-1-103. Construction of Uniform Commercial Code to Promote Its Purposes and Policies; Applicability of Supplemental Principles of Law - (a) This chapter must be liberally construed and applied to...

§46-1-104. Construction Against Implied Repeal - The Uniform Commercial Code being a general act intended as...

§46-1-105. Severability - If any provision or clause of this chapter or its...

§46-1-106. Use of Singular and Plural; Gender - In this chapter, unless the statutory context otherwise requires: (1)...

§46-1-107. Section Captions - Section captions are part of this chapter.

§46-1-108. Relation to Electronic Signatures in Global and National Commerce Act - This chapter modifies, limits and supersedes the federal Electronic Signatures...

§46-1-201. General Definitions - §46-1-201. General definitions. (a) Unless the context otherwise requires, words...

§46-1-202. Notice; Knowledge - (a) Subject to subsection (f), a person has "notice" of...

§46-1-203. Lease Distinguished From Security Interest - (a) Whether a transaction in the form of a lease...

§46-1-204. Value - Except as otherwise provided in articles 3, 4, and 5...

§46-1-205. Reasonable Time; Seasonableness - (a) Whether a time for taking an action required by...

§46-1-206. Presumptions - Whenever this chapter creates a "presumption" with respect to a...

§46-1-301. Territorial Applicability; Parties' Power to Choose Applicable Law - §46-1-301. Territorial applicability; parties' power to choose applicable law. (a)...

§46-1-302. Variation by Agreement - (a) Except as otherwise provided in subsection (b) or elsewhere...

§46-1-303. Course of Performance, Course of Dealing, and Usage of Trade - (a) A "course of performance" is a sequence of conduct...

§46-1-304. Obligation of Good Faith - Every contract or duty within this chapter imposes an obligation...

§46-1-305. Remedies to Be Liberally Administered - (a) The remedies provided by this chapter must be liberally...

§46-1-306. Waiver or Renunciation of Claim or Right After Breach - A claim or right arising out of an alleged breach...

§46-1-307. Prima Facie Evidence by Third-Party Documents - A document in due form purporting to be a bill...

§46-1-308. Performance or Acceptance Under Reservation of Rights - (a) A party that with explicit reservation of rights performs...

§46-1-309. Option to Accelerate at Will - A term providing that one party or that party's successor...

§46-1-310. Subordinated Obligations - An obligation may be issued as subordinated to performance of...

Article 2. Sales

§46-2-101. Short Title - §46-2-101. Short title. This article shall be known and may...

§46-2-102. Scope; Certain Security and Other Transactions Excluded From This Article - Unless the context otherwise requires, this article applies to transactions...

§46-2–103. Definitions and Index of Definitions - §46-2–103. Definitions and index of definitions. (1) In this article...

§46-2-104. Definitions: "merchant"; &Quot;between Merchants"; &Quot;financing Agency" - (1) "Merchant" means a person who deals in goods of...

§46-2-105. Definitions: Transferability; "goods"; "future" Goods; "lot"; &Quot;commercial unit." - (1) "Goods" mean all things (including specially manufactured goods) which...

§46-2-106. Definitions: "Contract"; "agreement"; &Quot;contract for Sale"; "sale"; &Quot;present Sale"; "conforming" to Contract; "termination"; "cancellation." - (1) In this article unless the context otherwise requires "contract"...

§46-2-107. Goods to Be Severed From Realty: Recording - (1) A contract for the sale of minerals or the...

§46-2-201. Formal Requirements; Statute of Frauds - §46-2-201. Formal requirements; statute of frauds. (1) Except as otherwise...

§46-2–202. Final Written Expression: Parol or Extrinsic Evidence - Terms with respect to which the confirmatory memoranda of the...

§46-2-203. Seals Inoperative - The affixing of a seal to a writing evidencing a...

§46-2-204. Formation in General - (1) A contract for sale of goods may be made...

§46-2-205. Firm Offers - An offer by a merchant to buy or sell goods...

§46-2-206. Offer and Acceptance in Formation of Contract - (1) Unless otherwise unambiguously indicated by the language or circumstances...

§46-2-207. Additional Terms in Acceptance or Confirmation - (1) A definite and seasonable expression of acceptance or a...

§46-2-209. Modification, Rescission and Waiver - (1) An agreement modifying a contract within this article needs...

§46-2-210. Delegation of Performance; Assignment of Rights - (1) A party may perform his duty through a delegate...

§46-2-301. General Obligations of Parties - §46-2-301. General obligations of parties. The obligation of the seller...

§46-2-302. Unconscionable Contract or Clause - (1) If the court as a matter of law finds...

§46-2-303. Allocation or Division of Risks - Where this article allocates a risk or a burden as...

§46-2-304. Price Payable in Money, Goods, Realty, or Otherwise - (1) The price can be made payable in money or...

§46-2-305. Open Price Term - (1) The parties if they so intend can conclude a...

§46-2-306. Output, Requirements and Exclusive Dealings - (1) A term which measures the quantity by the output...

§46-2-307. Delivery in Single Lot or Several Lots - Unless otherwise agreed all goods called for by a contract...

§46-2-308. Absence of Specified Place for Delivery - Unless otherwise agreed (a) the place for delivery of goods...

§46-2-309. Absence of Specific Time Provisions; Notice of Termination - (1) The time for shipment or delivery or any other...

§46-2-310. Open Time for Payment or Running of Credit; Authority to Ship Under Reservation - Unless otherwise agreed: (a) Payment is due at the time...

§46-2-311. Options and Cooperation Respecting Performance - (1) An agreement for sale which is otherwise sufficiently definite...

§46-2-312. Warranty of Title and Against Infringement; Buyer's Obligation Against Infringement - (1) Subject to subsection (2) there is in a contract...

§46-2-313. Express Warranties by Affirmation, Promise, Description, Sample - (1) Express warranties by the seller are created as follows:...

§46-2-314. Implied Warranty: Merchantability; Usage of Trade - (1) Unless excluded or modified (section 2-316), a warranty that...

§46-2-315. Implied Warranty: Fitness for Particular Purpose - Where the seller at the time of contracting has reason...

§46-2-316. Exclusion or Modification of Warranties - (1) Words or conduct relevant to the creation of an...

§46-2-317. Cumulation and Conflict of Warranties Express or Implied - Warranties whether express or implied shall be construed as consistent...

§46-2-318. Third Party Beneficiaries of Warranties Express or Implied - A seller's warranty whether express or implied extends to any...

§46-2-319. f.o.b. and f.a.s.terms - (1) Unless otherwise agreed the term F.O.B. (which means "free...

§46-2-320. c.i.f. and c.& f.terms - (1) The term C.I.F. means that the price includes in...

§46-2-321. c.i.f. or c.&f.: &Quot;net Landed Weights"; &Quot;payment on Arrival"; Warranty of Condition on Arrival - Under a contract containing a term C.I.F. or C.&F. (1)...

§46-2-322. Delivery &Quot;ex-ship." - (1) Unless otherwise agreed a term for delivery of goods...

§46-2-323. Form of Bill of Lading Required in Overseas Shipment, &Quot;overseas" - (1) Where the contract contemplates overseas shipment and contains a...

§46-2-324. &Quot;no Arrival, No Sale" Term - Under a term "no arrival, no sale" or terms of...

§46-2-325. &Quot;letter of Credit" Term; &Quot;confirmed credit." - (1) Failure of the buyer seasonably to furnish an agreed...

§46-2-326. Sale on Approval and Sale or Return; Rights of Creditors - (1) Unless otherwise agreed, if delivered goods may be returned...

§46-2-327. Special Incidents of Sale on Approval and Sale or Return - (1) Under a sale on approval unless otherwise agreed (a)...

§46-2-328. Sale by Auction - (1) In a sale by auction if goods are put...

§46-2-401. Passing of Title; Reservation for Security; Limited Application of This Section - §46-2-401. Passing of title; reservation for security; limited application of...

§46-2-402. Rights of Seller's Creditors Against Sold Goods - (1) Except as provided in subsections (2) and (3), rights...

§46-2-403. Power to Transfer; Good Faith Purchase of Goods; "entrusting." - (1) A purchaser of goods acquires all title which his...

§46-2-501. Insurable Interest in Goods; Manner of Identification of Goods - §46-2-501. Insurable interest in goods; manner of identification of goods....

§46-2-502. Buyer's Right to Goods on Seller's Repudiation, Failure to Deliver, or Insolvency - (1) Subject to subsections (2) and (3) of this section,...

§46-2-503. Manner of Seller's Tender of Delivery - (1) Tender of delivery requires that the seller put and...

§46-2-504. Shipment by Seller - Where the seller is required or authorized to send the...

§46-2-505. Seller's Shipment Under Reservation - (1) Where the seller has identified goods to the contract...

§46-2-506. Rights of Financing Agency - (1) A financing agency by paying or purchasing for value...

§46-2-507. Effect of Seller's Tender; Delivery on Condition - (1) Tender of delivery is a condition to the buyer's...

§46-2-508. Cure by Seller of Improper Tender or Delivery; Replacement - (1) Where any tender or delivery by the seller is...

§46-2-509. Risk of Loss in the Absence of Breach - (1) Where the contract requires or authorizes the seller to...

§46-2-510. Effect of Breach on Risk of Loss - (1) Where a tender or delivery of goods so fails...

§46-2-511. Tender of Payment by Buyer; Payment by Check - (1) Unless otherwise agreed tender of payment is a condition...

§46-2-512. Payment by Buyer Before Inspection - (1) Where the contract requires payment before inspection nonconformity of...

§46-2-513. Buyer's Right to Inspection of Goods - (1) Unless otherwise agreed and subject to subsection (3), where...

§46-2-514. When Documents Deliverable on Acceptance; When on Payment - Unless otherwise agreed documents against which a draft is drawn...

§46-2-515. Preserving Evidence of Goods in Dispute - In furtherance of the adjustment of any claim or dispute...

§46-2-601. Buyer's Rights on Improper Delivery - §46-2-601. Buyer's rights on improper delivery. Subject to the provisions...

§46-2-602. Manner and Effect of Rightful Rejection - (1) Rejection of goods must be within a reasonable time...

§46-2-603. Merchant Buyer's Duties as to Rightfully Rejected Goods - (1) Subject to any security interest in the buyer (subsection...

§46-2-604. Buyer's Options as to Salvage of Rightfully Rejected Goods - Subject to the provisions of the immediately preceding section on...

§46-2-605. Waiver of Buyer's Objections by Failure to Particularize - (1) The buyer's failure to state in connection with rejection...

§46-2-606. What Constitutes Acceptance of Goods - (1) Acceptance of goods occurs when the buyer (a) after...

§46-2-607. Effect of Acceptance; Notice of Breach; Burden of Establishing Breach After Acceptance; Notice of Claim or Litigation to Person Answerable Over - (1) The buyer must pay at the contract rate for...

§46-2-608. Revocation of Acceptance in Whole or in Part - (1) The buyer may revoke his acceptance of a lot...

§46-2-609. Right to Adequate Assurance of Performance - (1) A contract for sale imposes an obligation on each...

§46-2-610. Anticipatory Repudiation - When either party repudiates the contract with respect to a...

§46-2-611. Retraction of Anticipatory Repudiation - (1) Until the repudiating party's next performance is due he...

§46-2-612. &Quot;installment Contract"; Breach - (1) An "installment contract" is one which requires or authorizes...

§46-2-613. Casualty to Identified Goods - Where the contract requires for its performance goods identified when...

§46-2-614. Substituted Performance - (1) Where without fault of either party the agreed berthing,...

§46-2-615. Excuse by Failure of Presupposed Conditions - Except so far as a seller may have assumed a...

§46-2-616. Procedure on Notice Claiming Excuse - (1) Where the buyer receives notification of a material or...

§46-2-701. Remedies for Breach of Collateral Contracts Not Impaired - §46-2-701. Remedies for breach of collateral contracts not impaired. Remedies...

§46-2-702. Seller's Remedies on Discovery of Buyer's Insolvency - (1) Where the seller discovers the buyer to be insolvent...

§46-2-703. Seller's Remedies in General - Where the buyer wrongfully rejects or revokes acceptance of goods...

§46-2-704. Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods - (1) An aggrieved seller under the preceding section may (a)...

§46-2-705. Seller's Stoppage of Delivery in Transit or Otherwise - (1) The seller may stop delivery of goods in the...

§46-2-706. Seller's Resale Including Contract for Resale - (1) Under the conditions stated in section 2-703 on seller's...

§46-2-707. &Quot;person in the Position of a seller." - (1) A "person in the position of a seller" includes...

§46-2-708. Seller's Damages for Nonacceptance or Repudiation - (1) Subject to subsection (2) and to the provisions of...

§46-2-709. Action for the Price - (1) When the buyer fails to pay the price as...

§46-2-710. Seller's Incidental Damages - Incidental damages to an aggrieved seller include any commercially reasonable...

§46-2-711. Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods - (1) Where the seller fails to make delivery or repudiates...

§46-2-712. "Cover"; Buyer's Procurement of Substitute Goods - (1) After a breach within the preceding section the buyer...

§46-2-713. Buyer's Damages for Nondelivery or Repudiation - (1) Subject to the provisions of this article with respect...

§46-2-714. Buyer's Damages for Breach in Regard to Accepted Goods - (1) Where the buyer has accepted goods and given notification...

§46-2-715. Buyer's Incidental and Consequential Damages - (1) Incidental damages resulting from the seller's breach include expenses...

§46-2-716. Buyer's Right to Specific Performance or Replevin - (1) Specific performance may be decreed where the goods are...

§46-2-717. Deduction of Damages From the Price - The buyer on notifying the seller of his intention to...

§46-2-718. Liquidation or Limitation of Damages; Deposits - (1) Damages for breach by either party may be liquidated...

§46-2-719. Contractual Modification or Limitation of Remedy - (1) Subject to the provisions of subsections (2) and (3)...

§46-2-720. Effect of "cancellation" or "rescission" on Claims for Antecedent Breach - Unless the contrary intention clearly appears, expressions of "cancellation" or...

§46-2-721. Remedies for Fraud - Remedies for material misrepresentation or fraud include all remedies available...

§46-2-722. Who Can Sue Third Parties for Injury to Goods - Where a third party so deals with goods which have...

§46-2-723. Proof of Market Price: Time and Place - (1) If an action based on anticipatory repudiation comes to...

§46-2-724. Admissibility of Market Quotations - Whenever the prevailing price or value of any goods regularly...

§46-2-725. Statute of Limitations in Contracts for Sale - (1) An action for breach of any contract for sale...

Article 2A. Leases

§46-2A-101. Short Title - §46-2A-101. Short title. This article shall be known and may...

§46-2A-102. Scope - This article applies to any transaction, regardless of form, that...

§46-2A-103. Definitions and Index of Definitions - (1) In this article unless the context otherwise requires: (a)...

§46-2A-104. Leases Subject to Other Law - (1) A lease, although subject to this article, is also...

§46-2A-105. Territorial Application of Article to Goods Covered by Certificate of Title - Subject to the provisions of sections 2A-304(3) and 2A-305(3), with...

§46-2A-106. Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum - (1) If the law chosen by the parties to a...

§46-2A-107. Waiver or Renunciation of Claim or Right After Default - Any claim or right arising out of an alleged default...

§46-2A-108. Unconscionability - (1) If the court as a matter of law finds...

§46-2A-109. Option to Accelerate at Will - (1) A term providing that one party or his or...

§46-2A-201. Statute of Frauds - §46-2A-201. Statute of frauds. (1) A lease contract is not...

§46-2A-202. Final Written Expression: Parol or Extrinsic Evidence - Terms with respect to which the confirmatory memoranda of the...

§46-2A-203. Seals Inoperative - The affixing of a seal to a writing evidencing a...

§46-2A-204. Formation in General - (1) A lease contract may be made in any manner...

§46-2A-205. Firm Offers - An offer by a merchant to lease goods to or...

§46-2A-206. Offer and Acceptance in Formation of Lease Contract - (1) Unless otherwise unambiguously indicated by the language or circumstances,...

§46-2A-208. Modification, Rescission and Waiver - (1) An agreement modifying a lease contract needs no consideration...

§46-2A-209. Lessee Under Finance Lease as Beneficiary of Supply Contract - (1) The benefit of a supplier's promises to the lessor...

§46-2A-210. Express Warranties - (1) Express warranties by the lessor are created as follows:...

§46-2A-211. Warranties Against Interference and Against Infringement; Lessee's Obligation Against Infringement - (1) There is in a lease contract a warranty that...

§46-2A-212. Implied Warranty of Merchantability - (1) Except in a finance lease, a warranty that the...

§46-2A-213. Implied Warranty of Fitness for Particular Purpose - Except in a finance lease, if the lessor at the...

§46-2A-214. Exclusion or Modification of Warranties - (1) Words or conduct relevant to the creation of an...

§46-2A-215. Cumulation and Conflict of Warranties Express or Implied - Warranties, whether express or implied, must be construed as consistent...

§46-2A-216. Third-Party Beneficiaries of Express and Implied Warranties - A warranty to or for the benefit of a lessee...

§46-2A-217. Identification - Identification of goods as goods to which a lease contract...

§46-2A-218. Insurance and Proceeds - (1) A lessee obtains an insurable interest when existing goods...

§46-2A-219. Risk of Loss - (1) Except in the case of a finance lease, risk...

§46-2A-220. Effect of Default on Risk of Loss - (1) Where risk of loss is to pass to the...

§46-2A-221. Casualty to Identified Goods - If a lease contract requires goods identified when the lease...

§46-2A-301. Enforceability of Lease Contract - §46-2A-301. Enforceability of lease contract. Except as otherwise provided in...

§46-2A-302. Title to and Possession of Goods - Except as otherwise provided in this article, each provision of...

§46-2A-303. Alienability of Party's Interest Under Lease Contract or of Lessor's Residual Interest in Goods; Delegation of Performance; Transfer of Rights - (1) As used in this section, "creation of a security...

§46-2A-304. Subsequent Lease of Goods by Lessor - (1) Subject to section 2A-303, a subsequent lessee from a...

§46-2A-305. Sale or Sublease of Goods by Lessee - (1) Subject to the provisions of section 2A-303, a buyer...

§46-2A-306. Priority of Certain Liens Arising by Operation of Law - If a person in the ordinary course of his or...

§46-2A-307. Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods - (1) Except as otherwise provided in section 2A-306, a creditor...

§46-2A-308. Special Rights of Creditors - (1) A creditor of a lessor in possession of goods...

§46-2A-309. Lessor's and Lessee's Rights When Goods Become Fixtures - (1) In this section: (a) Goods are "fixtures" when they...

§46-2A-310. Lessor's and Lessee's Rights When Goods Become Accessions - (1) Goods are "accessions" when they are installed in or...

§46-2A-311. Priority Subject to Subordination - Nothing in this article prevents subordination by agreement by any...

§46-2A-401. Insecurity; Adequate Assurance of Performance - §46-2A-401. Insecurity; adequate assurance of performance. (1) A lease contract...

§46-2A-402. Anticipatory Repudiation - If either party repudiates a lease contract with respect to...

§46-2A-403. Retraction of Anticipatory Repudiation - (1) Until the repudiating party's next performance is due, the...

§46-2A-404. Substituted Performance - (1) If without fault of the lessee, the lessor and...

§46-2A-405. Excused Performance - Subject to section 2A-404 on substituted performance, the following rules...

§46-2A-406. Procedure on Excused Performance - (1) If the lessee receives notification of a material or...

§46-2A-407. Irrevocable Promises; Finance Leases - (1) In the case of a finance lease that is...

§46-2A–501. Default; Procedure - A. In General. §46-2A–501. Default; procedure. (1) Whether the lessor...

§46-2A-502. Notice After Default - Except as otherwise provided in this article or the lease...

§46-2A-503. Modification or Impairment of Rights and Remedies - (1) Except as otherwise provided in this article, the lease...

§46-2A-504. Liquidation of Damages - (1) Damages payable by either party for default, or any...

§46-2A-505. Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies - (1) On cancellation of the lease contract, all obligations that...

§46-2A-506. Statute of Limitations - (1) An action for default under a lease contract, including...

§46-2A-507. Proof of Market Rent; Time and Place - (1) Damages based on market rent (section 2A-519 or 2A-528)...

§46-2A-508. Lessee's Remedies - §46-2A-508. Lessee's remedies. (1) If a lessor fails to deliver...

§46-2A-509. Lessee's Rights on Improper Delivery; Rightful Rejection - (1) Subject to the provisions of section 2A-510 on default...

§46-2A-510. Installment Lease Contracts; Rejection and Default - (1) Under an installment lease contract a lessee may reject...

§46-2A-511. Merchant Lessee's Duties as to Rightfully Rejected Goods - (1) Subject to any security interest of a lessee (section...

§46-2A-512. Lessee's Duties as to Rightfully Rejected Goods - (1) Except as otherwise provided with respect to goods that...

§46-2A-513. Cure by Lessor of Improper Tender or Delivery; Replacement - (1) If any tender or delivery by the lessor or...

§46-2A-514. Waiver of Lessee's Objections - (1) In rejecting goods, a lessee's failure to state a...

§46-2A-515. Acceptance of Goods - (1) Acceptance of goods occurs after the lessee has had...

§46-2A-516. Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over - (1) A lessee must pay rent for any goods accepted...

§46-2A-517. Revocation of Acceptance of Goods - (1) A lessee may revoke acceptance of a lot or...

§46-2A–518. Cover; Substitute Goods - (1) After a default by a lessor under the lease...

§46-2A–519. Lessee's Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods - (1) Except as otherwise provided with respect to damages liquidated...

§46-2A-520. Lessee's Incidental and Consequential Damages - (1) Incidental damages resulting from a lessor's default include expenses...

§46-2A-521. Lessee's Right to Specific Performance or Replevin - (1) Specific performance may be decreed if the goods are...

§46-2A-522. Lessee's Right to Goods on Lessor's Insolvency - (1) Subject to subsection (2) and even though the goods...

§46-2A-523. Lessor's Remedies - §46-2A-523. Lessor's remedies. (1) If a lessee wrongfully rejects or...

§46-2A-524. Lessor's Right to Identify Goods to Lease Contract - (1) After default by the lessee under the lease contract...

§46-2A-525. Lessor's Right to Possession of Goods - (1) If a lessor discovers the lessee to be insolvent,...

§46-2A-526. Lessor's Stoppage of Delivery in Transit or Otherwise - (1) A lessor may stop delivery of goods in the...

§46-2A–527. Lessor's Rights to Dispose of Goods - (1) After a default by a lessee under the lease...

§46-2A–528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default - (1) Except as otherwise provided with respect to damages liquidated...

§46-2A-529. Lessor's Action for the Rent - (1) After default by the lessee under the lease contract...

§46-2A-530. Lessor's Incidental Damages - Incidental damages to an aggrieved lessor include any commercially reasonable...

§46-2A-531. Standing to Sue Third Parties for Injury to Goods - (1) If a third party so deals with goods that...

§46-2A-532. Lessor's Rights to Residual Interest - In addition to any other recovery permitted by this article...

Article 3. Negotiable Instruments

§46-3-101. Short Title - §46-3-101. Short title. This article shall be known and may...

§46-3-102. Subject Matter - (a) This article applies to negotiable instruments. It does not...

§46-3–103. Definitions - (a) In this article: (1) "Acceptor" means a drawee who...

§46-3-104. Negotiable Instrument - (a) Except as provided in subsections (c) and (d), "negotiable...

§46-3-105. Issue of Instrument - (a) "Issue" means the first delivery of an instrument by...

§46-3-106. Unconditional Promise or Order - (a) Except as provided in this section, for the purposes...

§46-3-107. Instrument Payable in Foreign Money - Unless the instrument otherwise provides, an instrument that states the...

§46-3-108. Payable on Demand or at Definite Time - (a) A promise or order is "payable on demand" if...

§46-3-109. Payable to Bearer or to Order - (a) A promise or order is payable to bearer if...

§46-3-110. Identification of Person to Whom Instrument Is Payable - (a) The person to whom an instrument is initially payable...

§46-3-111. Place of Payment - Except as otherwise provided for items in article four, an...

§46-3-112. Interest - (a) Unless otherwise provided in the instrument (i) an instrument...

§46-3-113. Date of Instrument - (a) An instrument may be antedated or postdated. The date...

§46-3-114. Contradictory Terms of Instrument - If an instrument contains contradictory terms, typewritten terms prevail over...

§46-3-115. Incomplete Instrument - (a) "Incomplete instrument" means a signed writing, whether or not...

§46-3-116. Joint and Several Liability; Contribution - (a) Except as otherwise provided in the instrument, two or...

§46-3-117. Other Agreements Affecting Instrument - Subject to applicable law regarding exclusion of proof of contemporaneous...

§46-3-118. Statute of Limitations - (a) Except as provided in subsection (e), an action to...

§46-3-119. Notice of Right to Defend Action - In an action for breach of an obligation for which...

§46-3-201. Negotiation - §46-3-201. Negotiation. (a) "Negotiation" means a transfer of possession, whether...

§46-3-202. Negotiation Subject to Rescission - (a) Negotiation is effective even if obtained (i) from an...

§46-3-203. Transfer of Instrument; Rights Acquired by Transfer - (a) An instrument is transferred when it is delivered by...

§46-3-204. Indorsement - (a) "Indorsement" means a signature, other than that of a...

§46-3-205. Special Indorsement; Blank Indorsement; Anomalous Indorsement - (a) If an indorsement is made by the holder of...

§46-3-206. Restrictive Indorsement - (a) An indorsement limiting payment to a particular person or...

§46-3-207. Reacquisition - Reacquisition of an instrument occurs if it is transferred to...

§46-3-301. Person Entitled to Enforce Instrument - §46-3-301. Person entitled to enforce instrument. "Person entitled to enforce"...

§46-3-302. Holder in Due Course - (a) Subject to subsection (c) and section one hundred six-d,...

§46-3-303. Value and Consideration - (a) An instrument is issued or transferred for value if:...

§46-3-304. Overdue Instrument - (a) An instrument payable on demand becomes overdue at the...

§46-3-305. Defenses and Claims in Recoupment - (a) Except as stated in subsection (b), the right to...

§46-3-306. Claims to an Instrument - A person taking an instrument, other than a person having...

§46-3-307. Notice of Breach of Fiduciary Duty - (a) In this section: (1) "Fiduciary" means an agent, trustee,...

§46-3-308. Proof of Signatures and Status as Holder in Due Course - (a) In an action with respect to an instrument, the...

§46-3-309. Enforcement of Lost, Destroyed, or Stolen Instrument - (a) A person not in possession of an instrument is...

§46-3-310. Effect of Instrument on Obligation for Which Taken - (a) Unless otherwise agreed, if a certified check, cashier's check...

§46-3-311. Accord and Satisfaction by Use of Instrument - (a) If a person against whom a claim is asserted...

§46-3-312. Lost, Destroyed, or Stolen Cashier's Check, Teller's Check or Certified Check - (a) In this section: (1) "Check" means a cashier's check,...

§46-3-401. Signature - §46-3-401. Signature. (a) A person is not liable on an...

§46-3-402. Signature by Representative - (a) If a person acting, or purporting to act, as...

§46-3-403. Unauthorized Signature - (a) Unless otherwise provided in this article or article four,...

§46-3-404. Impostors; Fictitious Payees - (a) If an impostor, by use of the mails or...

§46-3-405. Employer's Responsibility for Fraudulent Indorsement by Employee - (a) In this section: (1) "Employee" includes an independent contractor...

§46-3-406. Negligence Contributing to Forged Signature or Alteration of Instrument - (a) A person whose failure to exercise ordinary care substantially...

§46-3-407. Alteration - (a) "Alteration" means (i) an unauthorized change in an instrument...

§46-3-408. Drawee Not Liable on Unaccepted Draft - A check or other draft does not of itself operate...

§46-3-409. Acceptance of Draft; Certified Check - (a) "Acceptance" means the drawee's signed agreement to pay a...

§46-3-410. Acceptance Varying Draft - (a) If the terms of a drawee's acceptance vary from...

§46-3-411. Refusal to Pay Cashier's Checks, Teller's Checks and Certified Checks - (a) In this section, "obligated bank" means the acceptor of...

§46-3-412. Obligation of Issuer of Note or Cashier's Check - The issuer of a note or cashier's check or other...

§46-3-413. Obligation of Acceptor - (a) The acceptor of a draft is obliged to pay...

§46-3-414. Obligation of Drawer - (a) This section does not apply to cashier's checks or...

§46-3-415. Obligation of Indorser - (a) Subject to subsections (b), (c), (d) and (e), if...

§46-3-416. Transfer Warranties - (a) A person who transfers an instrument for consideration warrants...

§46-3-417. Presentment Warranties - (a) If an unaccepted draft is presented to the drawee...

§46-3-418. Payment of Acceptance by Mistake - (a) Except as provided in subsection (c), if the drawee...

§46-3-419. Instruments Signed for Accommodation - (a) If an instrument is issued for value given for...

§46-3-420. Conversion of Instrument - (a) The law applicable to conversion of personal property applies...

§46-3-501. Presentment - §46-3-501. Presentment. (a) "Presentment" means a demand made by or...

§46-3-502. Dishonor - (a) Dishonor of a note is governed by the following...

§46-3-503. Notice of Dishonor - (a) The obligation of an indorser stated in section 3-415(a)...

§46-3-504. Excused Presentment and Notice of Dishonor - (a) Presentment for payment or acceptance of an instrument is...

§46-3-505. Evidence of Dishonor - (a) The following are admissible as evidence and create a...

§46-3-601. Discharge and Effect of Discharge - §46-3-601. Discharge and effect of discharge. (a) The obligation of...

§46-3-602. Payment - (a) Subject to subsection (b), an instrument is paid to...

§46-3-603. Tender of Payment - (a) If tender of payment of an obligation to pay...

§46-3-604. Discharged by Cancellation or Renunciation - (a) A person entitled to enforce an instrument, with or...

§46-3-605. Discharge of Indorsers and Accommodation Parties - (a) In this section, the term "indorser" includes a drawer...

Article 4. Bank Deposits and Collections

§46-4-101. Short Title - §46-4-101. Short title. This article may be cited as Uniform...

§46-4-102. Applicability - (a) To the extent that items within this article are...

§46-4-103. Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care - (a) The effect of the provisions of this article may...

§46-4–104. Definitions and Index of Definitions - (a) In this article unless the context otherwise requires: (1)...

§46-4-105. "Bank"; &Quot;depositary Bank"; &Quot;intermediary Bank"; &Quot;collecting Bank"; &Quot;payor Bank"; &Quot;presenting bank." - In this article: (1) "Bank" means a person engaged in...

§46-4-106. Payable Through or Payable at Bank; Collecting Bank - (a) If an item states that it is "payable through"...

§46-4-107. Separate Office of a Bank - A branch or separate office of a bank is a...

§46-4-108. Time of Receipt of Items - (a) For the purpose of allowing time to process items,...

§46-4-109. Delays - (a) Unless otherwise instructed, a collecting bank in a good...

§46-4-110. Electronic Presentment - (a) "Agreement for electronic presentment" means an agreement, clearing-house rule...

§46-4-111. Statute of Limitations - An action to enforce an obligation, duty or right arising...

§46-4-201. Status of Collecting Banks as Agent and Provisional Status of Credits; Applicability of Article; Item Indorsed &Quot;pay Any bank." - §46-4-201. Status of collecting banks as agent and provisional status...

§46-4-202. Responsibility for Collection or Return; When Action Timely - (a) A collecting bank must exercise ordinary care in: (1)...

§46-4-203. Effect of Instructions - Subject to article three concerning conversion of instruments (section 3-420)...

§46-4-204. Methods of Sending and Presenting; Sending Directly to Payor Bank - (a) A collecting bank shall send items by a reasonably...

§46-4-205. Depositary Bank Holder of Unindorsed Item - If a customer delivers an item to a depositary bank...

§46-4-206. Transfer Between Banks - Any agreed method that identifies the transferor bank is sufficient...

§46-4-207. Transfer Warranties - (a) A customer or collecting bank that transfers an item...

§46-4-208. Presentment Warranties - (a) If an unaccepted draft is presented to the drawee...

§46-4-209. Encoding and Retention Warranties - (a) A person who encodes information on or with respect...

§46-4-210. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds - (a) A collecting bank has a security interest in an...

§46-4-211. When Bank Gives Value for Purposes of Holder in Due Course - For purposes of determining its status as a holder in...

§46-4-212. Presentment by Notice of Item Not Payable By, Through or at a Bank; Liability of Drawer or Indorser - (a) Unless otherwise instructed, a collecting bank may present an...

§46-4-213. Medium and Time of Settlement by Bank - (a) With respect to settlement by a bank, the medium...

§46-4-214. Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item - (a) If a collecting bank has made provisional settlement with...

§46-4-215. Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal - (a) An item is finally paid by a payor bank...

§46-4-216. Insolvency and Preference - (a) If an item is in or comes into the...

§46-4-301. Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank - §46-4-301. Deferred posting; recovery of payment by return of items;...

§46-4-302. Payor Bank's Responsibility for Late Return of Item - (a) If an item is presented to and received by...

§46-4-303. When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified - (a) Any knowledge, notice, or stop-payment order received by, legal...

§46-4-401. When Bank May Charge Customer's Account - §46-4-401. When bank may charge customer's account. (a) A bank...

§46-4-402. Bank's Liability to Customer for Wrongful Dishonor; Time of Determining Insufficiency of Account - (a) Except as otherwise provided in this article, a payor...

§46-4-403. Customer's Right to Stop Payment; Burden of Proof of Loss - (a) A customer or any person authorized to draw on...

§46-4-404. Bank Not Obligated to Pay Check More Than Six Months Old - A bank is under no obligation to a customer having...

§46-4-405. Death or Incompetence of Customer - (a) A payor or collecting bank's authority to accept, pay...

§46-4-406. Customer's Duty to Discover and Report Unauthorized Signature or Alteration - (a) A bank that sends or makes available to a...

§46-4-407. Payor Bank's Right to Subrogation on Improper Payment - If a payor bank has paid an item over the...

§46-4-501. Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor - §46-4-501. Handling of documentary drafts; duty to send for presentment...

§46-4-502. Presentment of &Quot;on Arrival" Drafts - If a draft or the relevant instructions require presentment "on...

§46-4-503. Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need - Unless otherwise instructed and except as provided in article five...

§46-4-504. Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses - (a) A presenting bank that, following the dishonor of a...

Article 4A. Funds Transfers

§46-4A-101. Short Title - §46-4A-101. Short title. This article may be cited as Uniform...

§46-4A-102. Subject Matter - Except as otherwise provided in section one hundred eight of...

§46-4A-103. Payment Order -- Definitions - (a) In this article: (1) "Payment order" means an instruction...

§46-4A-104. Funds Transfer -- Definitions - In this article: (1) "Funds transfer" means the series of...

§46-4A–105. Other Definitions - (a) In this article: (1) "Authorized account" means a deposit...

§46-4A–106. Time Payment Order Is Received - (a) The time of receipt of a payment order or...

§46-4A-107. Federal Reserve Regulations and Operating Circulars - Regulations of the board of Governors of the federal reserve...

§46-4A-108. Relationship to Electronic Fund Transfer Act - (a) Except as provided in subsection (b) of this section,...

§46-4A-201. Security Procedure - §46-4A-201. Security procedure. "Security procedure" means a procedure established by...

§46-4A-202. Authorized and Verified Payment Orders - (a) A payment order received by the receiving bank is...

§46-4A-203. Unenforceability of Certain Verified Payment Orders - (a) If an accepted payment order is not, under subsection...

§46-4A–204. Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order - (a) If a receiving bank accepts a payment order issued...

§46-4A-205. Erroneous Payment Orders - (a) (1) If an accepted payment order was transmitted pursuant...

§46-4A-206. Transmission of Payment Order Through Funds Transfer or Other Communication System - (a) If a payment order addressed to a receiving bank...

§46-4A-207. Misdescription of Beneficiary - (a) Subject to subsection (b) of this section, if, in...

§46-4A-208. Misdescription of Intermediary Bank or Beneficiary's Bank - (a) This subsection applies to a payment order identifying an...

§46-4A-209. Acceptance of Payment Order - (a) Subject to subsection (d) of this section, a receiving...

§46-4A-210. Rejection of Payment Order - (a) A payment order is rejected by the receiving bank...

§46-4A-211. Cancellation and Amendment of Payment Order - (a) A communication of the sender of a payment order...

§46-4A-212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order - If a receiving bank fails to accept a payment order...

§46-4A-301. Execution and Execution Date - §46-4A-301. Execution and execution date. (a) A payment order is...

§46-4A-302. Obligations of Receiving Bank in Execution of Payment Order - (a) Except as provided in subsections (b) through (d) of...

§46-4A-303. Erroneous Execution of Payment Order - (a) A receiving bank that (1) executes the payment order...

§46-4A-304. Duty of Sender to Report Erroneously Executed Payment Order - If the sender of a payment order that is erroneously...

§46-4A-305. Liability for Late or Improper Execution or Failure to Execute Payment Order - (a) If a funds transfer is completed but execution of...

§46-4A-401. Payment Date - §46-4A-401. Payment date. "Payment date" of a payment order means...

§46-4A-402. Obligation of Sender to Pay Receiving Bank - (a) This section is subject to sections two hundred five...

§46-4A-403. Payment by Sender to Receiving Bank - (a) Payment of the sender's obligation under section four hundred...

§46-4A-404. Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary - (a) Subject to subsection (e), section two hundred eleven, subsection...

§46-4A-405. Payment by Beneficiary's Bank to Beneficiary - (a) If the beneficiary's bank credits an account of the...

§46-4A-406. Payment by Originator to Beneficiary; Discharge of Underlying Obligation - (a) Subject to subsection (e), section two hundred eleven, subsection...

§46-4A-501. Variation by Agreement and Effect of Funds-Transfer System Rule - §46-4A-501. Variation by agreement and effect of funds-transfer system rule....

§46-4A-502. Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank - (a) As used in this section, "creditor process" means levy,...

§46-4A-503. Injunction or Restraining Order With Respect to Funds Transfer - For proper cause and in compliance with applicable law, a...

§46-4A-504. Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account - (a) If a receiving bank has received more than one...

§46-4A-505. Preclusion of Objection to Debit of Customer's Account - If a receiving bank has received payment from its customer...

§46-4A-506. Rate of Interest - (a) If, under this article, a receiving bank is obliged...

§46-4A-507. Choice of Law - (a) The following rules apply unless the affected parties otherwise...

Article 5. Letters of Credit

§46-5-101. Short Title - This article may be cited as "Uniform Commercial Code-Letters of...

§46-5-102. Definitions - (a) In this article: (1) "Adviser" means a person who,...

§46-5-103. Scope - (a) This article applies to letters of credit and to...

§46-5-104. Formal Requirements - A letter of credit, confirmation, advice, transfer, amendment, or cancellation...

§46-5-105. Consideration - Consideration is not required to issue, amend, transfer, or cancel...

§46-5-106. Issuance, Amendment, Cancellation and Duration - (a) A letter of credit is issued and becomes enforceable...

§46-5-107. Confirmer, Nominated Person and Adviser - (a) A confirmer is directly obligated on a letter of...

§46-5-108. Issuer's Rights and Obligations - (a) Except as otherwise provided in section 5-109, an issuer...

§46-5-109. Fraud and Forgery - (a) If a presentation is made that appears on its...

§46-5-110. Warranties - (a) If its presentation is honored, the beneficiary warrants: (1)...

§46-5-111. Remedies - (a) If an issuer wrongfully dishonors or repudiates its obligation...

§46-5-112. Transfer of Letter of Credit - (a) Except as otherwise provided in section 5-113, unless a...

§46-5-113. Transfer by Operation of Law - (a) A successor of a beneficiary may consent to amendments,...

§46-5-114. Assignment of Proceeds - (a) In this section, "proceeds of a letter of credit"...

§46-5-115. Statute of Limitations - An action to enforce a right or obligation arising under...

§46-5-116. Choice of Law and Forum - (a) The liability of an issuer, nominated person, or adviser...

§46-5-117. Subrogation of Issuer, Applicant and Nominated Person - (a) An issuer that honors a beneficiary's presentation is subrogated...

§46-5-118. Security Interest of Issuer or Nominated Persons - (a) An issuer or nominated person has a security interest...

§46-5-119. Applicability - This article applies to a letter of credit that is...

§46-5-120. Savings Clause - A transaction arising out of or associated with a letter...

Article 6. Bulk Transfers

§46-6-101. To 46-6-111 - Repealed. Acts, 1992 Reg. Sess., Ch. 212.

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

§46-7-101. Short Title - §46-7-101. Short title. This article may be cited as Uniform...

§46-7-102. Definitions and Index of Definitions - (a) In this article, unless the context otherwise requires: (1)...

§46-7-103. Relation of Article to Treaty or Statute - (a) This article is subject to any treaty or statute...

§46-7-104. Negotiable and Nonnegotiable Document of Title - (a) Except as otherwise provided in subsection (c), a document...

§46-7-105. Reissuance in Alternative Medium - (a) Upon request of a person entitled under an electronic...

§46-7-106. Control of Electronic Document of Title - (a) A person has control of an electronic document of...

§46-7-201. Person That May Issue a Warehouse Receipt; Storage Under Bond - §46-7-201. Person that may issue a warehouse receipt; storage under...

§46-7-202. Form of Warehouse Receipt; Effect of Omission - (a) A warehouse receipt need not be in any particular...

§46-7-203. Liability for Nonreceipt or Misdescription - A party to or purchaser for value in good faith...

§46-7-204. Duty of Care; Contractual Limitation of Warehouse's Liability - (a) A warehouse is liable for damages for loss of...

§46-7-205. Title Under Warehouse Receipt Defeated in Certain Cases - A buyer in ordinary course of business of fungible goods...

§46-7-206. Termination of Storage at Warehouse's Option - (a) A warehouse, by giving notice to the person on...

§46-7-207. Goods Must Be Kept Separate; Fungible Goods - (a) Unless the warehouse receipt provides otherwise, a warehouse shall...

§46-7-208. Altered Warehouse Receipts - If a blank in a negotiable tangible warehouse receipt has...

§46-7-209. Lien of Warehouse - (a) A warehouse has a lien against the bailor on...

§46-7-210. Enforcement of Warehouse's Lien - (a) Except as otherwise provided in subsection(b), a warehouse's lien...

§46-7-301. Liability for Nonreceipt or Misdescription; &Quot;said to Contain"; &Quot;shipper's Weight, Load and Count"; Improper Handling - §46-7-301. Liability for nonreceipt or misdescription; "said to contain"; "shipper's...

§46-7-302. Through Bills of Lading and Similar Documents of Title - (a) The issuer of a through bill of lading, or...

§46-7-303. Diversion; Reconsignment; Change of Instructions - (a) Unless the bill of lading otherwise provides, a carrier...

§46-7-304. Tangible Bills of Lading in a Set - (a) Except as customary in international transportation, a tangible bill...

§46-7-305. Destination Bills - (a) Instead of issuing a bill of lading to the...

§46-7-306. Altered Bills of Lading - An unauthorized alteration or filling in of a blank in...

§46-7-307. Lien of Carrier - (a) A carrier has a lien on the goods covered...

§46-7-308. Enforcement of Carrier's Lien - (a) A carrier's lien on goods may be enforced by...

§46-7-309. Duty of Care; Contractual Limitation of Carrier's Liability - (a) A carrier that issues a bill of lading, whether...

§46-7-401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer - §46-7-401. Irregularities in issue of receipt or bill or conduct...

§46-7-402. Duplicate Document of Title; Overissue - A duplicate or any other document of title purporting to...

§46-7-403. Obligation of Bailee to Deliver; Excuse - (a) A bailee shall deliver the goods to a person...

§46-7-404. No Liability for Good-Faith Delivery Pursuant to Document of Title - A bailee that in good faith has received goods and...

§46-7-501. Form of Negotiation and Requirements of Due Negotiation - §46-7-501. Form of negotiation and requirements of due negotiation. (a)...

§46-7-502. Rights Acquired by Due Negotiation - (a) Subject to sections 7-205 and 7-503, a holder to...

§46-7-503. Document of Title to Goods Defeated in Certain Cases - (a) A document of title confers no right in goods...

§46-7-504. Rights Acquired in Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery - (a) A transferee of a document of title, whether negotiable...

§46-7-505. Indorser Not Guarantor for Other Parties - The indorsement of a tangible document of title issued by...

§46-7-506. Delivery Without Indorsement: Right to Compel Indorsement - The transferee of a negotiable tangible document of title has...

§46-7-507. Warranties on Negotiation or Delivery of Document of Title - If a person negotiates or delivers a document of title...

§46-7-508. Warranties of Collecting Bank as to Documents of Title - A collecting bank or other intermediary known to be entrusted...

§46-7-509. Adequate Compliance With Commercial Contract - Whether a document of title is adequate to fulfill the...

§46-7-601. Lost, Stolen or Destroyed Documents of Title - §46-7-601. Lost, stolen or destroyed documents of title. (a) If...

§46-7-602. Judicial Process Against Goods Covered by Negotiable Document of Title - Unless a document of title was originally issued upon delivery...

§46-7-603. Conflicting Claims; Interpleader - If more than one person claims title to or possession...

§46-7-701. Applicability - §46-7-701. Applicability. This article applies to a document of title...

§46-7-702. Savings Clause - A document of title issued or a bailment that arises...

Article 8. Investment Securities

§46-8-101. Short Title - §46-8-101. Short title. This article may be cited as uniform...

§46-8–102. Definitions - (a) In this article: (1) "Adverse claim" means a claim...

§46-8-103. Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assets - (a) A share or similar equity interest issued by a...

§46-8-104. Acquisition of Security or Financial Asset or Interest Therein - (a) A person acquires a security or an interest therein,...

§46-8-105. Notice of Adverse Claim - (a) A person has notice of an adverse claim if:...

§46-8-106. Control - (a) A purchaser has "control" of a certificated security in...

§46-8-107. Whether Indorsement, Instruction or Entitlement Order Is Effective - (a) "Appropriate person" means: (1) With respect to an indorsement,...

§46-8-108. Warranties in Direct Holding - (a) A person who transfers a certificated security to a...

§46-8-109. Warranties in Indirect Holding - (a) A person who originates an entitlement order to a...

§46-8-110. Applicability; Choice of Law - (a) The local law of the issuer's jurisdiction, as specified...

§46-8-111. Clearing Corporation Rules - A rule adopted by a clearing corporation governing rights and...

§46-8-112. Creditor's Legal Process - (a) The interest of a debtor in a certificated security...

§46-8-113. Statute of Frauds Inapplicable - A contract or modification of a contract for the sale...

§46-8-114. Evidentiary Rules Concerning Certificated Securities - The following rules apply in an action on a certificated...

§46-8-115. Securities Intermediary and Others Not Liable to Adverse Claimant - A securities intermediary that has transferred a financial asset pursuant...

§46-8-116. Securities Intermediary as Purchaser for Value - A securities intermediary that receives a financial asset and establishes...

§46-8-201. Issuer - §46-8-201. Issuer. (a) With respect to an obligation on or...

§46-8-202. Issuer's Responsibility and Defenses; Notice of Defect or Defense - (a) Even against a purchaser for value and without notice,...

§46-8-203. Staleness as Notice of Defect or Defense - After an act or event, other than a call that...

§46-8-204. Effect of Issuer's Restriction on Transfer - A restriction on transfer of a security imposed by the...

§46-8-205. Effect of Unauthorized Signature on Security Certificate - An unauthorized signature placed on a security certificate before or...

§46-8-206. Completion or Alteration of Security Certificate - (a) If a security certificate contains the signatures necessary to...

§46-8-207. Rights and Duties of Issuer With Respect to Registered Owners - (a) Before due presentment for registration of transfer of a...

§46-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent - (a) A person signing a security certificate as authenticating trustee,...

§46-8-209. Issuer's Lien - A lien in favor of an issuer upon a certificated...

§46-8-210. Overissue - (a) In this section, "overissue" means the issue of securities...

§46-8-301. Delivery - §46-8-301. Delivery. (a) Delivery of a certificated security to a...

§46-8-302. Rights of Purchaser - (a) Except as otherwise provided in subsections (b) and (c)...

§46-8-303. Protected Purchaser - (a) "Protected purchaser" means a purchaser of a certificated or...

§46-8-304. Indorsement - (a) An indorsement may be in blank or special. An...

§46-8-305. Instruction - (a) If an instruction has been originated by an appropriate...

§46-8-306. Effect of Guaranteeing Signature, Indorsement, or Instruction - (a) A person who guarantees a signature of an indorser...

§46-8-307. Purchaser's Right to Requisites for Registration of Transfer - Unless otherwise agreed, the transferor of a security on due...

§46-8-401. Duty of Issuer to Register Transfer - §46-8-401. Duty of issuer to register transfer. (a) If a...

§46-8-402. Assurance That Indorsement or Instruction Is Effective - (a) An issuer may require the following assurance that each...

§46-8-403. Demand That Issuer Not Register Transfer - (a) A person who is an appropriate person to make...

§46-8-404. Wrongful Registration - (a) Except as otherwise provided in section 8-406, an issuer...

§46-8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate - (a) If an owner of a certificated security, whether in...

§46-8-406. Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate - If a security certificate has been lost, apparently destroyed, or...

§46-8-407. Authenticating Trustee, Transfer Agent and Registrar - A person acting as authenticating trustee, transfer agent, registrar, or...

§46-8-501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary - §46-8-501. Securities account; acquisition of security entitlement from securities intermediary....

§46-8-502. Assertion of Adverse Claim Against Entitlement Holder - An action based on an adverse claim to a financial...

§46-8-503. Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary - (a) To the extent necessary for a securities intermediary to...

§46-8-504. Duty of Securities Intermediary to Maintain Financial Asset - (a) A securities intermediary shall promptly obtain and thereafter maintain...

§46-8-505. Duty of Securities Intermediary With Respect to Payments and Distributions - (a) A securities intermediary shall take action to obtain a...

§46-8-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder - A securities intermediary shall exercise rights with respect to a...

§46-8-507. Duty of Securities Intermediary to Comply With Entitlement Order - (a) A securities intermediary shall comply with an entitlement order...

§46-8-508. Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding - A securities intermediary shall act at the direction of an...

§46-8-509. 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 - (a) If the substance of a duty imposed upon a...

§46-8-510. Rights of Purchaser of Security Entitlement From Entitlement Holder - (a) In a case not covered by the priority rules...

§46-8-511. Priority Among Security Interests and Entitlement Holders - (a) Except as otherwise provided in subsections (b) and (c)...

§46-8-601. Savings Clause - §46-8-601. Savings clause. (a) This article does not affect an...

Article 9. Secured Transactions; Sales of Accounts and Chattel Paper

§46-9-101. Short Title - Subpart 1. Short Title, Definitions, And General Concepts. §46-9-101. Short...

§46-9-102. Definitions and Index of Definitions - (a) Article 9 definitions. -- In this article: (1) "Accession"...

§46-9-103. Purchase-Money Security Interest; Application of Payments; Burden of Establishing - (a) Definitions. In this section: (1) "Purchase-money collateral" means goods...

§46-9-103a. &Quot;production-Money Crops"; &Quot;production-Money Obligation"; Production-Money Security Interest; Burden of Establishing - (a) A security interest in crops is a production-money security...

§46-9-104. Control of Deposit Account - (a) Requirements for control. A secured party has control of...

§46-9-105. Control of Electronic Chattel Paper - (a) General rule: control of electronic chattel paper. A secured...

§46-9-106. Control of Investment Property - (a) Control under section 8-106. A person has control of...

§46-9-107. Control of Letter-of-Credit Right - A secured party has control of a letter-of-credit right to...

§46-9-108. Sufficiency of Description - (a) Sufficiency of description. Except as otherwise provided in subsections...

§46-9-109. Scope - §46-9-109. Scope. (a) General scope of article. -– Except as...

§46-9-110. Security Interests Arising Under Article Two or Two-A - A security interest arising under section 2-401, 2-505, 2-711(3) or...

§46-9-201. General Effectiveness of Security Agreement - Interest; Rights Of Parties To Security Agreement. Subpart 1. Effectiveness...

§46-9-202. Title to Collateral Immaterial - Except as otherwise provided with respect to consignments or sales...

§46-9-203. Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites - (a) Attachment. A security interest attaches to collateral when it...

§46-9-204. After-Acquired Property; Future Advances - (a) After-acquired collateral. Except as otherwise provided in subsection (b),...

§46-9-205. Use or Disposition of Collateral Permissible - (a) When security interest not invalid or fraudulent. A security...

§46-9-206. Security Interest Arising in Purchase or Delivery of Financial Asset - (a) Security interest when person buys through securities intermediary. A...

§46-9-207. Rights and Duties of Secured Party Having Possession or Control of Collateral - (a) Duty of care when secured party in possession. Except...

§46-9-208. Additional Duties of Secured Party Having Control of Collateral - (a) Applicability of section. This section applies to cases in...

§46-9-209. Duties of Secured Party if Account Debtor Has Been Notified of Assignment - (a) Applicability of section. Except as otherwise provided in subsection...

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West Virginia Code Chapter 46. Uniform Commercial Code

West Virginia Code
Chapter 46. Uniform Commercial Code