Section 9-516 – What Constitutes Filing; Effectiveness of Filing
(a) Except as otherwise provided in subsection (b), 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. (b) Filing does not occur with respect to a record that a filing office refuses to accept because: (1) The record is not communicated by […]
Section 9-517 – Effect of Indexing Errors
The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
Section 9-518 – Claim Concerning Inaccurate or Wrongfully Filed Record
(a) 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. (b) An information statement under subsection (a) must: (1) Identify the record to which it relates by: (A) The file number assigned to […]
Section 9-519 – Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records
(a) For each record filed in a filing office, the filing office shall: (1) Assign a unique number to the filed record; (2) Create a record that bears the number assigned to the filed record and the date and time of filing; (3) Maintain the filed record for public inspection; and (4) Index the filed record in accordance with subsections […]
Section 9-520 – Acceptance and Refusal to Accept Record
(a) A filing office shall refuse to accept a record for filing for a reason set forth in § 9-516(b) and may refuse to accept a record for filing only for a reason set forth in § 9-516(b). (b) If a filing office refuses to accept a record for filing, it shall communicate to the person that […]
Section 9-341 – Bank’s Rights and Duties With Respect to Deposit Account
Except as otherwise provided in § 9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by: (1) The creation, attachment, or perfection of a security interest in the deposit account; (2) The bank’s knowledge […]
Section 9-505 – Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions
(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in § 9-311(a), using the terms “consignor”, “consignee”, “lessor”, “lessee”, “bailor”, “bailee”, “licensor”, “licensee”, “owner”, “registered owner”, “buyer”, “seller”, or words […]
Section 9-342 – Bank’s Right to Refuse to Enter Into or Disclose Existence of Control Agreement
This title does not require a bank to enter into an agreement of the kind described in § 9-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by […]
Section 9-506 – Effect of Errors or Omissions
(a) A financing statement substantially satisfying the requirements of this subtitle is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. (b) Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with § […]
Section 9-401 – Alienability of Debtor’s Rights
(a) Except as otherwise provided in subsection (b) and §§ 9-406, 9-407, 9-408, and 9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this title. (b) An agreement between the debtor and secured party which prohibits a transfer of the debtor’s rights in collateral or makes the […]