§ 11-9-107. Control of Letter of Credit Right
A secured party has control of a letter of credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under subsection (c) of Code Section 11-5-114 or otherwise […]
§ 11-9-108. Sufficiency of Description
Sufficiency of description. Except as otherwise provided in subsections (c), (d), and (e) of this Code section, a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. Examples of reasonable identification. Except as otherwise provided in subsection (d) of this Code […]
§ 11-9-106. Control of Investment Property
Control under Code Section 11-8-106. A person has control of a certificated security, uncertificated security, or security entitlement as provided in Code Section 11-8-106. Control of commodity contract. A secured party has control of a commodity contract if: The secured party is the commodity intermediary with which the commodity contract is carried; or […]
§ 11-9-101. Short Title
This article may be cited as “Uniform Commercial Code — Secured Transactions.” History. Code 1981, § 11-9-101 , enacted by Ga. L. 2001, p. 362, § 1. Law reviews. For comment, “Electronic Self-Help Repossession and You: A Computer Software Vendor’s Guide to Staying Out of Jail,” see 48 Emory L.J. 1477 (1999).
§ 11-9-102. Definitions and Index of Definitions
Article 9 definitions. As used in this article, the term: “Accession” means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. “Account,” except as used in “account for,” means a right to payment of a monetary obligation, whether or not earned […]
§ 11-9-103. Purchase Money Security Interest; Application of Payments; Burden of Establishing
Definitions. As used in this Code section, the term: “Purchase money collateral” means goods or software that secures a purchase money obligation incurred with respect to that collateral. “Purchase money obligation” means an obligation of an obligor incurred as all or part of the price of the collateral or for value given to enable […]
§ 11-9-104. Control of Deposit Account
Requirements for control. A secured party has control of a deposit account if: The secured party is the bank with which the deposit account is maintained; The debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of the […]
§ 11-9-105. Control of Electronic Chattel Paper
General rule; control of electronic chattel paper. A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned. Specific facts giving control. A system satisfies the […]