30-9A-101. Short title. This chapter shall be known and may be cited as Uniform Commercial Code–Secured Transactions. History: En. Sec. 9-101, Ch. 264, L. 1963; R.C.M. 1947, 87A-9-101; Sec. 30-9-101, MCA 1999; redes. 30-9A-101 by Code Commissioner, 2001.
30-9A-102. Definitions and index of definitions. (1) As used in this chapter, the following definitions apply: (a) ”Accession” means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. (b) (i) ”Account”, except as used in “account for”, means a right to payment of a monetary obligation, […]
30-9A-103. Purchase-money security interest — application of payments — burden of establishing purchase-money security interest. (1) In this section: (a) ”purchase-money collateral” means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and (b) ”purchase-money obligation” means an obligation of an obligor incurred as all or part of the price of the collateral […]
30-9A-104. Control of deposit account. (1) A secured party has control of a deposit account if: (a) the secured party is the bank with which the deposit account is maintained; (b) the debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of […]
30-9A-105. Control of electronic chattel paper. (1) A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned. (2) A system satisfies subsection (1) if the record or records comprising […]
30-9A-106. Control of investment property. (1) A person has control of a certificated security, or security entitlement as provided in 30-8-116. (2) A secured party has control of a commodity contract if: (a) the secured party is the commodity intermediary with which the commodity contract is carried; or (b) the commodity customer, secured party, and commodity intermediary have agreed […]
30-9A-107. Control of letter-of-credit right. A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer of any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under 30-5-134(3) or otherwise applicable law or […]
30-9A-108. Sufficiency of description. (1) Except as otherwise provided in subsections (3), (4), and (5), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. (2) Except as otherwise provided in subsection (4), a description of collateral reasonably identifies the collateral if it identifies the […]
30-9A-109. Scope. (1) Except as otherwise provided in subsections (3) and (4), this chapter applies to: (a) any 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 an account, chattel paper, payment intangible, or promissory note; (d) a consignment; (e) a security interest arising under […]
30-9A-110. Security interests arising under chapter 2 or 2A. A security interest arising under 30-2-401, 30-2-505, 30-2-711(3), or 30-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if the requirements of 30-9A-203(2)(c) have not been met; (2) filing is not required to perfect the security […]
