§ 11-9-110. Security Interests Arising Under Article 2 or 2a of This Title
A security interest arising under Code Section 11-2-401 or 11-2-505, subsection (3) of Code Section 11-2-711, or subsection (5) of Code Section 11-2A-508 is subject to this article. However, until the debtor obtains possession of the goods: The security interest is enforceable, even if paragraph (3) of subsection (b) of Code Section 11-9-203 has not […]
§ 11-9-207. Rights and Duties of Secured Party Having Possession or Control of Collateral
Duty of care when secured party in possession. Except as otherwise provided in subsection (d) of this Code section, a secured party shall use reasonable care in the custody and preservation of collateral in the secured party’s possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to […]
§ 11-8-509. 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
If the substance of a duty imposed upon a securities intermediary by Code Sections 11-8-504 through 11-8-508 is the subject of other statute, regulation, or rule, compliance with that statute, regulation, or rule satisfies the duty. To the extent that specific standards for the performance of the duties of a securities intermediary or the exercise […]
§ 11-8-510. Rights of Purchaser of Security Entitlement From Entitlement Holder
In a case not covered by the priority rules in Article 9 of this title or the rules stated in subsection (c) of this Code section, an action based on an adverse claim to a financial asset or security entitlement, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be […]
§ 11-8-511. Priority Among Security Interests and Entitlement Holders
Except as otherwise provided in subsections (b) and (c) of this Code section, if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its obligation to a creditor of the securities intermediary who has […]
§ 11-8-601. Effective Date
This Act takes effect July 1, 1998. History. Code 1981, § 11-8-601 , enacted by Ga. L. 1998, p. 1323, § 1.
§ 11-8-603. Savings Clause
This Act does not affect an action or proceeding commenced before this Act takes effect. If a security interest in a security is perfected at the date this Act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this Act, no further action is […]
§ 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 […]
§ 11-8-407. Authenticating Trustee, Transfer Agent, and Registrar
A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered security certificates has the same obligation to the holder or owner of a certificated or […]