§ 9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
(a) Sufficiency of financing statement. Subject to subsection (b), a financing statement is sufficient only if it: (1) provides the name of the debtor; (2) provides the name of the secured party or a representative of the secured party; and (3) indicates the collateral covered by the financing statement. (b) Real-property-related financing statements. Except as […]
§ 9-503. Name of debtor and secured party
(a) Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor: (1) if the debtor is a registered organization, only if the financing statement provides the name of the debtor indicated on the public record of the debtor’s jurisdiction of organization which shows the debtor to have been organized; (2) if […]
§ 9-504. Indication of collateral
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to § 9–108; or (2) an indication that the financing statement covers all assets or all personal property.
§ 9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
(a) Use of terms other than “debtor” and “secured party.” A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in § 9–311(a), using the terms “consignor”, “consignee”, “lessor”, “lessee”, “bailor”, […]
§ 9-409. Restrictions on assignment of letter-of-credit rights ineffective
(a) Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary’s assignment of or creation of a security […]
§ 9-405. Modification of assigned contract
(a) Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection […]
§ 9-406. Discharge of account debtor; notification of assignment identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective
(a) Discharge of account debtor; effect of notification. Subject to subsections (b) through (i), an account debtor on an account, chattel paper, or a payment intangible may discharge its obligation by paying the assignor until, but not after, the account debtor receives a notification, authenticated by the assignor or the assignee, that the amount due […]
§ 9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest
(a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that it: (1) prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security […]
§ 9-408. Restrictions on assignment of promissory notes, health-care insurance receivables and certain general intangibles ineffective
(a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or a general intangible, including a contract, permit, license, or franchise, and which term prohibits, restricts, or requires the […]
§ 9-342. Bank’s right to refuse to enter into or disclose existence of control agreement
This article does not require a bank to enter into an agreement of the kind described in § 9–104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by […]