§ 25-9-303 – Law governing perfection and priority of security interests in goods covered by a certificate of title.
25-9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title. (a) Applicability of section. – This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods […]
§ 25-9-304 – Law governing perfection and priority of security interests in deposit accounts.
25-9-304. Law governing perfection and priority of security interests in deposit accounts. (a) Law of bank’s jurisdiction governs. – The local law of a bank’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank. (b) Bank’s jurisdiction. – The following […]
§ 25-9-305 – Law governing perfection and priority of security interests in investment property.
25-9-305. Law governing perfection and priority of security interests in investment property. (a) Governing law: general rules. – Except as otherwise provided in subsection (c) of this section, the following rules apply: (1) While a security certificate is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or […]
§ 25-9-306 – Law governing perfection and priority of security interests in letter-of-credit rights.
25-9-306. Law governing perfection and priority of security interests in letter-of-credit rights. (a) Governing law: issuer’s or nominated person’s jurisdiction. – Subject to subsection (c) of this section, the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest […]
§ 25-9-307 – Location of debtor.
25-9-307. Location of debtor. (a) "Place of business." – In this section, "place of business" means a place where a debtor conducts its affairs. (b) Debtor’s location: general rules. – Except as otherwise provided in this section, the following rules determine a debtor’s location: (1) A debtor who is an individual is located at the […]
§ 25-9-202 – Title to collateral immaterial.
25-9-202. Title to collateral immaterial. Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this Article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor. (1965, c. 700, s. 1; 1975, c. […]
§ 25-9-203 – Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.
25-9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. (a) Attachment. – A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment. (b) Enforceability. – Except as otherwise provided in subsections (c) through (i) of […]
§ 25-9-204 – After-acquired property; future advances.
25-9-204. After-acquired property; future advances. (a) After-acquired collateral. – Except as otherwise provided in subsection (b) of this section, a security agreement may create or provide for a security interest in after-acquired collateral. (b) When after-acquired property clause not effective. – A security interest does not attach under a term constituting an after-acquired property clause […]
§ 25-9-205 – Use or disposition of collateral permissible.
25-9-205. Use or disposition of collateral permissible. (a) When security interest not invalid or fraudulent. – A security interest is not invalid or fraudulent against creditors solely because: (1) The debtor has the right or ability to: a. Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods; b. […]
§ 25-9-206 – Security interest arising in purchase or delivery of financial asset.
25-9-206. Security interest arising in purchase or delivery of financial asset. (a) Security interest when person buys through securities intermediary. – A security interest in favor of a securities intermediary attaches to a person’s security entitlement if: (1) The person buys a financial asset through the securities intermediary in a transaction in which the person […]