11 §9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
§9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes (1). After default, a secured party has the rights provided in this part and, except as otherwise provided in section 9‑1602, those provided by agreement of the parties. A secured party: (a). May reduce a claim […]
11 §9-1602. Waiver and variance of rights and duties
§9-1602. Waiver and variance of rights and duties Except as otherwise provided in section 9‑1624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: [PL 1999, c. […]
11 §9-1603. Agreement on standards concerning rights and duties
§9-1603. Agreement on standards concerning rights and duties (1). The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 9-1602 if the standards are not manifestly unreasonable. [PL 1999, c. 699, Pt. […]
11 §9-1514. Assignment of powers of secured party of record
§9-1514. Assignment of powers of secured party of record (1). Except as otherwise provided in subsection (3), an initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address […]
11 §9-1515. Duration and effectiveness of financing statement; effect of lapsed financing statement
§9-1515. Duration and effectiveness of financing statement; effect of lapsed financing statement (1). Except as otherwise provided in subsections (2), (5), (6) and (7), a filed financing statement is effective for a period of 5 years after the date of filing. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. […]
11 §9-1516. What constitutes filing; effectiveness of filing
§9-1516. What constitutes filing; effectiveness of filing (1). Except as otherwise provided in subsection (2), communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, […]
11 §9-1501. Filing office
§9-1501. Filing office (1). Except as otherwise provided in subsection (2), if the local law of this State governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is: (a). The registry of deeds for the county in […]
11 §9-1517. Effect of indexing errors
§9-1517. Effect of indexing errors The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] SECTION HISTORY PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 […]
11 §9-1502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
§9-1502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement (1). Subject to subsection (2), a financing statement is sufficient only if it: (a). Provides the name of the debtor; [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). […]
11 §9-1518. Claim concerning inaccurate or wrongfully filed record
§9-1518. Claim concerning inaccurate or wrongfully filed record (1). A person may file in the filing office an information statement with respect to a record indexed there under the person’s name if the person believes that the record is inaccurate or was wrongfully filed. [PL 2013, c. 317, Pt. A, §26 (AMD).] (2). An […]