Section 9-102 – Definitions and Index of Definitions
(a) In this title: (1) “Accession” means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. (2) “Account”, except as used in “account for”, means a right to payment of a monetary obligation, whether or not earned by performance, (i) for property that has been […]
Section 9-208 – Additional Duties of Secured Party Having Control of Collateral
(a) This section applies to cases in which there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations, or otherwise give value. (b) Within 10 days after receiving an authenticated demand by the debtor: (1) A secured party having control of a deposit account under § 9-104(a)(2) shall send to […]
Section 9-103 – Purchase-Money Security Interest; Application of Payments; Burden of Establishing
(a) In this section: (1) “Purchase-money collateral” means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and (2) “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 the debtor to acquire rights in or the use […]
Section 9-209 – Duties of Secured Party if Account Debtor Has Been Notified of Assignment
(a) Except as otherwise provided in subsection (c), this section applies if: (1) There is no outstanding secured obligation; and (2) The secured party is not committed to make advances, incur obligations, or otherwise give value. (b) Within 10 days after receiving an authenticated demand by the debtor, a secured party shall send to an account debtor that has […]