11 §9-1506. Effect of errors or omissions
§9-1506. Effect of errors or omissions (1). A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] […]
11 §9-1342. Bank’s right to refuse to enter into or disclose existence of control agreement
§9-1342. 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 section 9-1104, subsection (1), paragraph (b), even if its customer so requests or directs. A bank that has entered into such an agreement is […]
11 §9-1401. Alienability of debtor’s rights
§9-1401. Alienability of debtor’s rights (1). Except as otherwise provided in subsection (2) and sections 9‑1406, 9‑1407, 9‑1408 and 9‑1409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, […]
11 §9-1402. Secured party not obligated on contract of debtor or in tort
§9-1402. Secured party not obligated on contract of debtor or in tort The existence of a security interest, agricultural lien or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor’s acts or omissions. [PL 1999, […]
11 §9-1403. Agreement not to assert defenses against assignee
§9-1403. Agreement not to assert defenses against assignee (1). In this section, “value” has the meaning provided in section 3-303. subsection (1). [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (2). Except as otherwise provided in this section, an agreement between an account debtor and an […]
11 §9-1404. Rights acquired by assignee; claims and defenses against assignee
§9-1404. Rights acquired by assignee; claims and defenses against assignee (1). Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (2) through (5), the rights of an assignee are subject to: (a). All terms of the agreement between the account debtor and assignor and […]
11 §9-1405. Modification of assigned contract
§9-1405. Modification of assigned contract (1). 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 […]
11 §9-1332. Transfer of money; transfer of funds from deposit account
§9-1332. Transfer of money; transfer of funds from deposit account (1). A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, […]
11 §9-1406. 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
§9-1406. 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 (1). Subject to subsections (2) through (9), an account debtor on an account, chattel paper, or a payment intangible may discharge its obligation by paying the assignor until, but […]
11 §9-1333. Priority of certain liens arising by operation of law
§9-1333. Priority of certain liens arising by operation of law (1). In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien: (a). That secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of […]