Section 440.9109 – Scope.
440.9109 Scope. Sec. 9109. (1) Except as otherwise provided in subsections (3) and (4), this article applies to all of the following: (a) A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract. (b) An agricultural lien. (c) A sale of accounts, chattel paper, payment intangibles, or […]
Section 440.9110 – Security Interests Arising Under Article 2 or 2a.
440.9110 Security interests arising under article 2 or 2A. Sec. 9110. A security interest arising under section 2401, 2505, 2711(3), or 2A508(5) is subject to this article. However, until the debtor obtains possession of the goods, all of the following apply: (a) The security interest is enforceable, even if section 9203(2)(c) has not been satisfied. […]
Section 440.9111 – Repealed. 1998, Act 489, Imd. Eff. Jan. 4, 1999.
440.9111 Repealed. 1998, Act 489, Imd. Eff. Jan. 4, 1999. Compiler’s Notes: The repealed section pertained to creation of security interest as bulk transfer.
Section 440.9112-440.9116 – Repealed. 2000, Act 348, Eff. July 1, 2001.
440.9112-440.9116 Repealed. 2000, Act 348, Eff. July 1, 2001. Compiler’s Notes: The repealed sections pertained to collateral not owned by debtor, security interests arising under article on sales, consignment, attachment or perfection, and buyer obligations.