§ 25-9-109 – Scope.
25-9-109. Scope. (a) General scope of Article. – Except as otherwise provided in subsections (c) and (d) of this section, this Article applies to: (1) A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; (2) An agricultural lien; (3) A sale of accounts, chattel paper, payment […]
§ 25-9-110 – Security interests arising under Article 2 or 2A of this Chapter.
25-9-110. Security interests arising under Article 2 or 2A of this Chapter. A security interest arising under G.S. 25-2-401, 25-2-505, 25-2-711(3), or 25-2A-508(5) is subject to this Article. However, until the debtor obtains possession of the goods: (1) The security interest is enforceable, even if G.S. 25-9-203(b)(3) has not been satisfied; (2) Filing is not […]
§ 25-9-201 – General effectiveness of security agreement.
25-9-201. General effectiveness of security agreement. (a) General effectiveness. – Except as otherwise provided in this Chapter, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. (b) Applicable consumer laws and other law. – A transaction subject to this Article is subject to any […]
§ 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 […]
§ 25-9-101 – Short title.
25-9-101. Short title. This Article may be cited as Uniform Commercial Code-Secured Transactions. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1.)
§ 25-9-102 – Definitions and index of definitions.
25-9-102. Definitions and index of definitions. (a) Article 9 definitions. – In this Article: (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 […]